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Australia Home Loans Sink 6.1% In December

The total number of home loans issued in Australia was down a seasonally adjusted 6.1 percent on month in December, the Australian Bureau of Statistics said on Tuesday.

That missed expectations for a drop of 2.0 percent following the 0.9 percent contraction in November.

The value of loans sank 5.3 percent on month, also missing expectations for a decline of 3.3 percent following the 1.4 percent fall in the previous month.

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