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Home loan approvals rose 1.0% in August

The number of home loan approvals rose 1.0 per cent in August, beating market expectations of a 0.5 per cent rise.

The value of housing finance rose 2.1 per cent to $33.898 billion in the month, according to seasonally adjusted data from the Australian Bureau of Statistics.

The value of loans approved for owner-occupied housing rose 0.9 per cent in August, while the value of loans for investment housing rose 4.3 per cent, compared to July.

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