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Australia Home Loans Rise 1.1% In November

The total number of owner-occupied home loans in Australia was up a seasonally adjusted 1.1 percent in November compared to the previous month, the Australian Bureau of Statistics said on Monday - standing at 52,912.

That topped forecasts for an increase of 1.0 percent on month, which would have been unchanged from the October reading.

The value of loans climbed 1.7 percent - unchanged from the previous month - coming in at A$26.934 billion.

Investment lending was up 1.5 percent on month to A$10.383 billion, slowing from the 8.5 percent surge in October.

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