Australia New Home Sales Rise 4.3% In March - HIA

New home sales in Australia were up 4.3 percent in March compared to the previous month, the Housing Industry Association said on Wednesday, after rising 0.6 percent on month in February.

Detached homes sales surged 5.8 percent in March, the data showed, while multi-unit sales plummeted 10 percent after shedding 7.6 percent fall in February.

The volume of new home sales climbed more than 9000 properties in February to about 10,500 in March.

By region, new house sales surged 13.5 percent in New South Wales, 11.1 percent in Queensland and 3.6 percent in Victoria. In Western Australia, prices advanced 3.1 percent, while in South Australia they declined 6.4 percent.

by RTTNews Staff Writer

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