Story perspectives

Global Home Sales Surge: Australia and India Lead Growth

6/24/2025

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Summary

Story summary

Australia’s new home sales increased by 6.9% in May 2025, reaching a 13-month high after a 16.5% rise in April.
Demand is fueled by cash rate cuts and low unemployment, especially in New South Wales and Victoria.
India experienced a 77% surge in residential real estate sales from FY 2019 to FY 2025, with notable growth in primary market transactions.
In the U.S., existing home sales rose 0.8% in May, with expectations of higher activity if mortgage rates decline.

History

Historical Context

In 2012, Australia established the National Housing Supply Council to combat housing shortages, which intensified after the COVID-19 pandemic. By 2025, New South Wales and Victoria experienced a 6.9% increase in home sales, while India reported a 77% surge in residential real estate sales from FY 2019 to FY 2025, reflecting a global trend in rising housing demand amid economic recovery.

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Story summary

Australia’s new home sales increased by 6.9% in May 2025, reaching a 13-month high after a 16.5% rise in April.
Demand is fueled by cash rate cuts and low unemployment, especially in New South Wales and Victoria.
India experienced a 77% surge in residential real estate sales from FY 2019 to FY 2025, with notable growth in primary market transactions.
In the U.S., existing home sales rose 0.8% in May, with expectations of higher activity if mortgage rates decline.

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