Home loans rose 1.5% in February

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The number of home loans approved in February rose 1.5 per cent, which missed market expectations of a two per cent rise.

The value of total housing finance was up 2.6 per cent in the month, seasonally adjusted data from the Australian Bureau of Statistics show.

Loans approved for owner-occupied housing, based on their value, rose 1.7 per cent and approvals for investment housing were up 4.1 per cent.

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The Indian Telegraph Sydney Australia

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