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The Australian Bureau of Statistics released its home loans data on Tuesday. Home loans in Australia increased 2.0% in September, exceeding expectations for a flat reading, after 1.5% rise in August. August's figure was revised down from 2.9% gain.
The value of home loans slid at a seasonally adjusted 1.6% in September, investment lending dropped 8.5%, while the number of loans for the construction of dwellings rose 1.9%.
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