Australian Home-Loan Approvals Unexpectedly Declined in May

Australian home-loan approvals unexpectedly fell in May, the first drop since February, as the highest interest rates among major developed economies discouraged investors from entering the market. The number of loans granted to build or buy houses and a

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Stubbornly cautious consumers are proving reluctant to get into debt with heightened global uncertainty, despite 125 basis points worth of rate cuts...

in Australian Home-Loan Approvals Unexpectedly Declined in May

Bloomberg.com - 2012-07-11 01:53:00

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