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Australia Home Loans Add 1.0% In October

The total number of owner-occupied home loans in Australia was up a seasonally adjusted 1.0 percent in October compared to the previous month, the Australian Bureau of Statistics said on Tuesday - standing at 52,305.

That was in line with expectations following the downwardly revised 3.5 percent monthly gain in September (originally 4.4 percent).

The value of loans added 1.7 percent on month to A$16.185 billion following the upwardly revised 6.2 percent surge in the previous month (originally 5.3 percent).

The value of investment lending spiked 8.2 percent on month to A$10.300 billion following the upwardly revised 6.5 percent jump a month earlier.

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