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Wednesday, 2 March 2016

New home sales surge

After rising by some +6.0 per cent in the preceding month, new home sales rose by a further +3.1 per cent in January according to the latest Housing Industry Association (HIA) figures. 

The result was entirely driven by detached house sales (+5.8 per cent), while multi-units experienced a decline of the same magnitude.

Source: HIA

Queensland led the way with a +7.9 per cent jump in sales in January 2016.