The total number of new home sales in Australia was up a seasonally adjusted 6.9 percent on month in April, the Housing Industry Association said on Tuesday. That follows the 9.4 percent contraction in March.
Detached house sales were up 6.4 percent on month, the data showed, while multi-unit sales spiked 10.3 percent.
"We keep hearing that Australia is one of the world's strongest economies in aggregate," said HIA chief economist Harley Dale in a statement accompanying the data. "That's a redundant concept if people on the ground aren't feeling and experiencing that, and they haven't been for quite some time."
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.