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New home loan were nearly 20 per cent higher in August than they were at the same time last year. Photo: Shutterstock

Housing finance hits two-year high, investors remain wary

New home lending rose in August, but mostly to owner occupiers, as investors remain spooked by the economic challenges of the COVID-19 pandemic.

Data from the Australian Bureau of Statistics showed there were $21.3 billion in home loans settled in August, up 19.3 per cent from the year previous and…

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