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With little stimulus on offer, apartments developers are facing an uncertain outlook. Photo: Shutterstock

Approvals data shows bleak outlook for apartment developers

Apartment developers across the country are facing their toughest market in nearly a decade, with approvals plunging due to the COVID-19 crisis and little respite on offer in the form of state and federal government stimulus.

The Australian Bureau of Statistics this week released the first set of f…

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