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The Australian Bureau of Statistics released its home loans data on Wednesday. Home loans in Australia rose 1.7% in April, missing expectations for a 2.5% rise, after 0.7% decrease in March. March's figure was revised up from a 0.9% fall.
The value of owner occupied loans increased at a seasonally adjusted 0.1% in April, investment lending dropped 5.0%, while the number of loans for the construction of dwellings climbed 4.4%.
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