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Australia home-loan approvals gain in November on interest rate reduction

Posted on 16 January 2012

Australian home-loan approvals rose in November for an eighth straight month as buyers responded to the central bank’s first interest-rate reduction in two years.
The number of loans granted to build or buy houses and apartments gained 1.4 percent from October, when they rose a revised 0.8 percent, the statistics bureau said in Sydney today. The median estimate in a Bloomberg News survey of 19 economists was for a 1 percent increase in approvals…………………………………………Full Article: Source


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