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Australian housing approvals rise

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Australian housing approvals have risen for the first time this year

Figures from the Australian Bureau of Statistics showed 0.4 per cent more homes were approved in April 2013 than in the previous month.

This followed three months of falling numbers of housing schemes receiving permission Down Under.

Private sector housing led the way with a 1 per cent increase in approvals in April.

An increase in schemes given the green light in New South Wales and Tasmania helped turn the country’s housing fortunes around. These south-eastern states had seen falling figures in March.

Western Australia and Queensland both saw a 15th consecutive monthly rise in dwelling approvals.

But Victoria saw a ninth consecutive month of falling approvals, while there were also decreasing numbers of schemes in the Australian Capital Territory and South Australia.

The total value of building work in Australia rose 1.2 per cent in April.

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