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The RBA has left the cash rate at historic lows, as expected.
Building approvals rose more than expected in July, reigniting fears apartments are heading into oversupply.
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Low interest rates trumped election uncertainty in June, when ABS data shows lending for new homes rose strongly.
New apartment sales rose 4.9% in May, despite overall new property sales falling, says the HIA.
Uneven construction markets across the country pose a challenge for policy makers, says the Housing Industry Association.
Government policy must support the construction and renovations market to maintain economic growth, says the HIA.
New home sales are tapering off from recent highs, but construction will remain healthy in 2016, according to the HIA.
New homes sales rose 8.9% in March, according to the HIA.
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