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Home loan approvals fall more than expected
Lateline Business - 06/08/2008: Home loan approvals fall more than expected
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A day after the Reserve Bank's signalled that interest rate cuts are on their way, there's new evidence they're needed. Home loan approvals fell more than expected in June as decade-high interest rates scared buyers out of the real estate market. The RBA's hint on interest rates has also put downward pressure on the Australian dollar.
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Sim'
This is a general comment only and does not constitute advice. Before making financial decisions you should seek advice from a professional adviser, who can take into account your specific circumstances and investment goals.
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