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Building approvals figures released by the ABS today have revealed a 2.0 per cent rise in total dwelling approvals for November 2007 based on trend estimates, up 11.2 per cent from November last year.
According to the ABS approvals for private sector houses rose by 1.5 per cent, with other private dwelling approvals climbing by 3.9 per cent – giving the aggregate 2.0 per cent rise.
The seasonally adjusted estimate for total dwellings approvals rose by 8.9 per cent – promising a brighter outlook for 2008 after a revised fall of 3.6 per cent in October.
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The Adviser is the number one magazine for Australia's finance and mortgage brokers. The publications delivers news, analysis, business intelligence, sales and marketing strategies, research and key target reports to an audience of professional mortgage and finance brokers
Do you expect mortgage applications to increase or decrease over Summer?
