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Home loan growth underwhelms expectations

Posted on 10 December 2012

Home-loan approvals rose less than economists forecast in October even after central bank interest-rate reductions aimed at stimulating the economy and boosting the housing market.
The Australian Bureau of Statistics (ABS) said the number of loans granted to build or buy houses and apartments advanced 0.1 per cent from September, when they rose a revised 1.1 per cent. Economists had predicted approvals to increase 3 per cent………………………………………..Full Article: Source

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