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Property industry confidence climbed by 13 index points, reversing a year of decline, according to the latest ANZ/Property Council Survey for the September quarter.
New home sales recovered from lacklustre results over the first four months of 2019 in May, hitting their highest monthly level in over a year.
House approvals in the country dropped by 0.5% in May, in trend terms, on the back of a decrease in private sector houses.