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The price of land for new residential building has risen as demand falls away, according to the March 2019 edition of the HIA-CoreLogic Residential Land Report.
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Figures from the Australian Bureau of Statistics reveal the housing downturn is stunting GDP growth, and the RBA is getting anxious about it.
Approvals for the construction of new homes rose 2.5 per cent in January, ending a three month period of declines.
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