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The Australian Bureau of Statistics released its home loans data on Tuesday. Home loans in Australia increased 0.3% in July, missing expectations for a 0.8% gain, after 4.8% rise in June. June's figure was revised up from 4.4% gain.
The value of home loans rose 2.2% in July, investment lending increased 0.5%, while the number of loans for the construction of dwellings declined 0.9%.
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