Pete Wargent blogspot

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

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Friday, 29 May 2015

New home sales rise

New home sales rise a bit

Have lost track of how many times people have called "peak" on this series from the Housing Industry Association (HIA).

It's still rising. 

And it's likely to continue doing so, driven by multi-unit sales across the eastern seaboard.

There were small gains for detached housing and multi-unit sales in April, driven by gains in New South Wales.

However, sales in South Australia slumped to an 18 month low.