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The Australian Bureau of Statistics released its home loans data on Wednesday. Home loans in Australia fell 0.9% in March, beating expectations for a 1.5% drop, after 0.9% increase in February. February's figure was revised down from a 1.5% rise.
The value of owner occupied loans decreased at a seasonally adjusted 1.2% in March, investment lending climbed 1.5%, while the number of loans for the construction of dwellings slid 2.0%.