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Jul 30
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Dwelling approvals up 9% in June

Approvals for new houses and units rose 9.3% in June, compared to May, continuing the steady rise in approvals since the beginning of the year.

Approvals, however, remain 14% lower than June 2008.

Seasonally-adjusted, approvals rose 4.9% to 8,385 houses, while approvals for other dwellings were up 28% to 2,156.

The total value of new residential buildings approved rose 36% in June.