Pete Wargent blogspot

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

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Monday, 31 August 2015

Nw home sales have passed peak

Reports the HIA, total new home sales have steadied at a "historically high level".

Multi-unit sales were 8.3 per cent higher over the quarter, but this was driven overwhelmingly by the May result, with May 2015 representing the cyclical peak for apartments sales.

New detached house sales also peaked for this cycle back in April.

Detached house sales for the month of July were stronger in New South Wales (+4.3 per cent) but weaker in Western Australia (-4.9 per cent).