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Owner-occupiers make loan switch: ABS

The ABS has released the latest figures for building approvals and lending. (Dan Himbrechts/AAP PHOTOS) (AAP)

Owner-occupiers have been refinancing loans and changing to banks with better deals at record rates in response to rising interest rates, data released by the Australian Bureau of Statistics reveals.

ABS lending indicators for June revealed the value of owner-occupier housing loan commitments rose 9.7 per cent, with borrowers locking in a record high of $12.7 billion in the month.

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