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Building approvals slump after rates rise

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New apartment and unit approvals hammered, reversing three monthsof steady growth. – (The Age — 3 October, 2006)
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Building approvals across the country tumbled in August as higherinterest rates pushed back recent apartment sector growth. – (Sydney Morning Herald — 3 October, 2006)
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Building approvals slump after rates rise
Building approvals slump after rates rise

Homeowners spared a third interest rate rise this year after RBAleaves base rate on hold. – (The Age — 13 hours ago)
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Retails sales rose in line with expectations over August. – (The Age — 4 October, 2006)
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Economists say there is no need for the Reserve Bank to rush through another interest rate increase as there are signs key sectors of the economy are slowing Figures from the Australian Bureau of S (ABC News — 3 October, 2006)
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The retail industry appears to be weathering high petrol prices and rising interest rates The official measure of national retail turnover has risen a seasonally adjusted 0 3 per cent in August (ABC News — 3 October, 2006)
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An increasingly pessimistic building and construction industry hashighlighted the damage it attributes to rising interest rates, asthe Reserve Bank of Australia meets today to decide whether to liftrates for a third time this year. – (The Age — 3 October, 2006)
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HOME buyers and shoppers were more subdued in August, providing thefirst evidence that an interest rate rise at the start of thatmonth may have dampened the economy. – (Sydney Morning Herald — 4 October, 2006)
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