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Home loans rise 1.8% in November


The number of home loans approved in November rose 1.8 per cent, which beat market expectations of a 0.5 per cent fall.

The value of total housing finance was also up 1.8 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, rose 2.4 per cent and approvals for investment housing were up 0.7 per cent.

Topics: Banking, Approvals

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