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Home loan approvals jump 2.9% in July


The Sydney Morning Herald

Home loan approvals have shown a surprise lift in July, but the continuing decline in investor loans has underlined the effectiveness of recently introduced lending controls.

The number of owner-occupier home loan approvals rose 2.9 per cent, to 56,464, in July, sharply higher than market expectations for an increase of 1.0 per cent.

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The Sydney Morning Herald
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