Australian housing loans contract 3.9% in August

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Source: RTT News
© Scanpix/FP
Australia's home-loan approvals decreased on a sequential basis in the month of August missing the initial projections, a report unveiled by the Australian Bureau of Statistics showed on Monday. According to the report, the total number of home loans fell 3.9% standing at 49,912 in August, while it was forecast to contract 2.5% after it dropped 2.4% in July.

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Mon, 14 Oct 2013 11:51:03 GMT

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