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Home loans fall 3.9% in January


The number of home loans approved in January fell 3.9 per cent, which missed market expectations of a 2.8 per cent fall.

The value of total housing finance was down 3.4 per cent in the month, seasonally adjusted data from the Australian Bureau of Statistics show.

Loans approved for owner-occupied housing, based on their value, fell 4.3 per cent and approvals for investment housing were down 1.6 per cent.

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