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The Australian Bureau of Statistics released its home loans data on Friday. Home loans in Australia increased 2.9% in August, missing expectations for a 5.0% gain, after 0.3% decline in July. July's figure was revised down from 0.3% gain.
The value of home loans rose 6.1% in August, investment lending decreased 0.4%, while the number of loans for the construction of dwellings declined 0.5%.
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