Pete Wargent blogspot

CEO AllenWargent Property Buyers, & WargentAdvisory (institutional). 6 x finance author.

'Huge fan of your work. Very impressive!' - Scott Pape, The Barefoot Investor, Australia's #1 bestseller.

'Must-read, must-follow, one of the finest analysts in Australia' - Stephen Koukoulas, ex-Senior Economics Adviser to Prime Minister Gillard.

'One of Australia's brightest financial minds, must-follow for accurate & in-depth analysis' - David Scutt, Business Insider.

'I've been investing 40 years yet still learn new concepts from Pete; one of the finest young commentators' - Michael Yardney, Amazon #1 bestseller.

'The most knowledgeable person on Aussie real estate - loads of good data & charts...most comprehensive analyst I follow in Oz' - Jonathan Tepper, Variant Perception, 2 x NYT bestseller.

Tuesday, 31 March 2015

New home sales hit new high

Yet another new high for new home sales according to the Housing Industry Association (HIA).

The surge was driven by an 11.1 per cent jump in multi-unit sales, taking the series to an all-time record high.

Source: HIA

The detached house sales declined somewhat in New South Wales and Western Australia, and sharply in South Australia. 

There were moderate increases in detached house sales in Queensland.

Overall, a new cyclical high in private new dwelling sales, though, which bodes well for the construction industry and associated building activity.