Pete Wargent blogspot

PERSONAL/BUSINESS COACH | PROPERTY BUYER | ANALYST

'Must-read, must-follow, one of the best 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, Markets & Economics Editor, Sydney Morning Herald.

'I've been investing 40 years & still learn new concepts from Pete; one of the best commentators...and not just a theorist!' - Michael Yardney, Amazon #1 bestseller.

Thursday 4 May 2017

New home sales ease

New home sales move down a notch

New homes sales eased 1.1 per cent in March according to the Housing Industry Association (HIA).


Source: HIA

The decline was driven by detached house sales which declined by 1.4 per cent.

Detached houses sales declined in all states and territories except for New South Wales, which rebounded from a weak February. 

Multi-unit sales declined by just 0.1 per cent in the month.

There are more substantial declines to come from these cyclical highs.