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Australia Building Approvals for March jump 17.4% m/m
– expected +3.0% m/m, prior +21.6% 
Check out the ‘prior’ …. +21.6%! And today’s number is +17.4%. There is a huge rise in housing to be built in the pipeline. Long may it continue! More supply just might impact on prices (stop them skyrocketing) … although monetary policy remaining

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