HIA new home sales increased by 1.6% in May, after +3.9% in April
- Monthly sales are now back to their highest level in 18 months
- Detached house sales up 0.9%
- Gains in New South Wales, Victoria, and South Australia, declines in the mining states of Queensland and Western Australia
- Multi-unit sales grew faster at 5.7% on the month
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The AUD is barely moving so far today, its up about 10 points since the release.