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Home loan approvals rose 1.2% in June

AAP logoAAP 10/08/2016 Marty Silk

The number of home loans approved rose 1.2 per cent in June, missing market expectations of a 2.3 per cent rise.

The value of total housing finance was up 2.3 per cent in the month, seasonally adjusted data from the Australian Bureau of Statistics shows.

Loans approved for owner-occupied housing, based on their value, climbed 1.8 per cent and loans for investment housing rose 3.2 per cent.

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