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AAP
AAP
Business
Andrew Brown

Interest rate impact hits housing approval levels

Labor Jim Chalmers Greens House of Representatives
Treasurer Jim Chalmers will argue the case for his housing tax reforms in parliament. (Susie Dodds/AAP PHOTOS)

Rising interest rates have been blamed for a downturn in housing approvals, but tax changes in the federal budget could lead to an uptick.

Figures from the Australian Bureau of Statistics showed the total number of dwellings approved in April fell by 3.4 per cent from the previous month.

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