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The total number of home loans in Australia was down 1.4 percent in October compared to the previous month, the Australian Bureau of Statistics said on Wednesday, coming in at 63,865.
That was slightly better than forecasts for a 2.0 percent monthly decline following the revised 3.3 percent increase in September.
The value of loans was down 1.7 percent on month to A$17.176 billion. That follows a 6.0 percent gain in the previous month.
Investment lending eased 0.6 percent to A$6.135 billion.
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