New home sales rebound in June

New home sales have bounced back, posting a fifth rise in the first six months of 2015.

Sales rose 0.5 per cent in June, seasonally adjusted, the Housing Industry Association's new home sales report shows.

That comes after sales recorded their first monthly fall for the year in May, slipping 2.3 per cent.

"New home sales held their head up high throughout 2014-15," HIA chief economist Harley Dale said.

"Total sales appear to have peaked for the cycle back in April, but remain at an extremely elevated level."

Detached house sales drove the modest increase, lifting 1.7 per cent in June, while multi-unit sales dipped 2.9 per cent.