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Australia's home building boom gets new burst of energy

Tuesday's figures from the Australian Bureau of Statistics showed building approvals jumped 11.7 per cent in November from October, confounding forecasts of a one per cent decline.


APPROVALS to build new homes in Australia surged to 15-month highs in November 2017 as more apartment towers got the go-ahead, an unexpected return to strength that should drive activity and hiring across the economy.

The upbeat news came as...

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