28 Nov '14, 4pm

#singapore #property Minor rise in Aussie new home sales: The HIA New Home Sales Report...

Comment E-mail to friend Bookmark & Share The HIA New Home Sales Report, a survey of Australia’s largest volume builders, showed a modest rise for the month of October. HIA Chief Economist, Dr Harley Dale, said: “Following flat results in September, total seasonally adjusted new home sales increased by 3.0 percent during October 2014. The result was a narrowly driven one which reflected growth in detached house sales in Victoria and Western Australia. “After a relatively sharp decline of 5.7 percent in July, driven by both detached houses and multi-units, total new home sales have mounted a modest recovery,” noted Dale. “Sales are still off their cyclical peak reached back in April this year, but the overall volume of new home sales is still at an elevated level. That augurs well for healthy new home construction activity persisting into 2015.” “Australia is on track to co...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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