The Australian Bureau of Statistics released its home loans data on Monday. Home loans in Australia rose 1.5% in February, missing expectations for a 2.0% gain, after 4.4% decrease in January. January’s figure was revised down from a 3.9% drop.
The value of owner occupied loans increased at a seasonally adjusted 1.7% in February, investment lending climbed 4.1%, while the number of loans for the construction of dwellings slid 1.9%.
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