Australian new-home sales decline in July

Note: This section contains information in English only.
Source: Bloomberg
According to the Housing Industry Association, Australian new-home sales declined 5.6% to 5,682 in July, adding to signs the central bank's interest rate cuts did not stabilize the housing market as expected. Sales of detached houses fell 5.5% to the lowest since 2000 and sales of apartments fell 6.4%.
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