RTTNews - The number of new homes sold in Australia was up 0.1 percent in July compared to the previous month, the Housing Industry Association said on Monday, following a 0.5 percent monthly increase in June.
Detached house sales increased 9.8 percent in New South Wales and 10.2 percent in Queensland, while sales fell 4.4 percent in Victoria, 11.6 percent in South Australia and 3.1 percent in Western Australia.
Multi-unit sales remained weak in July with a 2 percent decline.
Detached house sales are effectively tracking sideways, rising by 0.3 percent in both June and July, the release said. Over the three months to July sales were still 6 percent higher compared to the comparable period in 2008 and growth over the first half of 2009 was very strong.
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