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The Australian Bureau of Statistics released its home loans data on Friday. Home loans in Australia climbed 1.8% in November, beating expectations for a 0.5% drop, after 0.3% fall in October. October's figure was revised down from a 2.0% rise.
The value of owner occupied loans rose at a seasonally adjusted 2.4% in November, investment lending increased 0.7%, while the number of loans for the construction of dwellings climbed 2.7%.
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