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Jump in new housing starts

19/03/2010

There were 40,022 new dwellings were started last quarter, up 15.1 percent on the previous quarter and the highest in two years. That was the biggest quarterly gain in eight years and the second strongest since the series began in 1958.

The jump in home supply could ultimately help cool house prices, which have risen rapidly in recent months and were one reason the Reserve Bank of Australia (RBA) decided to lift interest rates four times since October.

Source: Interactive investor



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