Economic Buzz: Australia private house approvals rise 1.1% in July

Private house approvals in Australia grew by 1.1% in July to 9,288 units, bouncing back from a 1.9% decline in June. Gains were seen across most states, led by new south wales and western australia, each up 3.0%. victoria and queensland also posted moderate increases, while south australia was the only state to fall, down 6.1%. On an annual basis, approvals edged up 0.3%, reflecting subdued but steady demand in the housing market.

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