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The number of dwellings approved in Australia fell by 3.2% in January, in trend terms, according to data released by the Australian Bureau of Statistics (ABS) on Monday.
There are still sectors and groups of Aussies can benefit from the property downturn, according to a report by Bloomberg.
Housing prices continued to track downwards in February, but the pace of decline eased slightly over the month compared to the previous two months, according to a recent report by CoreLogic.