Australia Q2 home prices leap 4.7%, biggest quarterly gain in 5 years

Sydney

HOME prices in Australia posted their biggest quarterly gain in over five years in April to June, led again by Sydney which logged its biggest rise on record.

But data from the Australian Bureau of Statistics (ABS) on Tuesday also highlighted the patchy nature of the country's housing market, with cities in resource-rich states such as Western Australia suffering declines as the mining boom fades.