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Home loans fell 1.0% in July

 

The number of home loans approved in July fell 1.0 per cent to 44,804, official figures show.

That was from a downwardly revised 45,278 in June.

Economists had expected housing finance commitments to be flat in July.

The Australian Bureau of Statistics (ABS) said on Monday that total housing finance by value fell 1.8 per cent in July seasonally adjusted, to $20.050 billion.