Australian Home-Loan Approvals Climbed 1% in August
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Australian home-loan approvals climbed in August for a second straight month, adding to the case for the central bank to resume raising interest rates.
The number of loans granted to build or buy houses and apartments gained 1 percent to 47,540 from a month earlier, when they rose a revised 1.8 percent, the statistics bureau said in Sydney today. That matched the median estimate of 21 economists in a Bloomberg News survey.