The number of new home loans increased modestly in October, due to a rise in finance for buying newly built dwellings.
Bureau of Statistics figures show the number of home loans approved for owner-occupiers rose 0.1 per cent to 46,477, seasonally adjusted.
That was below economist forecasts, which centred on a 3 per cent rise, according to a survey of 18 economists by Bloomberg.
The small rise in loans was exclusively driven by a 4.2 per cent increase in finance for the purchase of new dwellings, although the number of loans for home construction fell 0.3 per cent.
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