Australia home loans fall for fifth month

  SYDNEY, Aug 6 (Reuters) - Home loans in Australia slid for the fifth straight month in June as rising borrowing costs and tougher lending conditions scared away house buyers, reinforcing the case for an early cut in official interest rates. The number of mortgages for home-occupiers fell 3.7 percent in June, compared to May when they slid 6.9 percent. That left mortgage commitments at their lowest since June 2004 and brought the drop for the year so far to an eye-watering 23 percent.  

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