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ABS: June building dwelling approvals slide to eight-year low – NEWS.com.au
June building dwelling approvals slide to eight-year low
Building approvals in Australia have hit an eight-year low as the coronavirus pandemic stifles economic productivity. Figures from the Australian Bureau of Statistics released on Thursday show June dwelling approvals dropped 4.9 per cent, with COVID-19 slowing planned construction across Australia.
“The impact of COVID-19 was evident on dwelling approvals in June,” ABS assistant director of construction statistics Bill Becker said.
“Falls were recorded in all states and across both detached an…
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