Pete Wargent blogspot

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

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Thursday, 9 February 2017

New home sales bounce in Q4

New dwelling sales bounce

New home sales hit a two-year low in October 2016, but have since staged something of a recovery.

Source: HIA

While new detached house sales dipped by 2.3 per cent in the fourth quarter, sales of new multi-unit dwellings ticked back up by 3.2 per cent. 

In fact the result for multi-units in December was the highest seen for a year-and-a-half, at least in seasonally adjusted terms. 

Source: HIA

Detached house sales were strongest in the two most populous states, according to the Housing Industry Association (HIA).