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While building has an important part in supplying new homes for the country's booming population, it also creates jobs and keeps the economic wheels spinning by encouraging investment.
The most recent figures from the Australian Bureau of Statistics reveal that building approval figures soared once more in February, falling just short of the record set in January this year.
In trend terms, approval numbers rose 1.6 per cent over the month. Approval figures did fall 3.2 per cent in seasonally adjusted terms, but the Housing Industry Association (HIA) says the strong result continues to point to a booming building sector.