Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Reuters
Reuters
Business

Australia new homes sales fall sharply in June - industry

New homes and land for sale are pictured in southern Sydney August 14, 2014. REUTERS/Jason Reed

SYDNEY (Reuters) - Sales of new homes in Australia fell sharply in June to the lowest since 2013, though conditions were markedly different across states, an industry survey showed on Monday.

The Housing Industry Association (HIA) said its survey of large-volume builders showed new home sales fell a seasonally adjusted 6.9 percent in June, from May, reversing two months of gains.

Sales of detached houses fell 5.7 percent, while apartment sales dropped 10.7 percent.

Total sales in June were down 11.9 percent on the same month last year.

Results by states were mixed, with sales of houses falling in New South Wales, South Australia and Queensland, but rising in Victoria and Western Australia.

HIA said the survey captured 9 percent of Australia's new home building sector.

(Reporting by Wayne Cole; Editing by Kim Coghill)

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.