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.

Monday, 3 October 2016

Partical recovery for new home sales

Part rebound for new home sales

After nosediving by -9.7 per cent in July, new home sales recorded a +6.1 per cent rebound in August according to the Housing Industry Association (HIA).

The volatile multi-unit sector was up by +17.8 per cent after a -17.3 per cent decline in the previous month. 

Source: HIA

According to the HIA, total new home sales expanded by +1.5 per cent over the three months to July.

I can go with that, but there does look to be downside risk in that trend, at least to my chart-reading eyes.

Building approvals figures to be released next up.