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.

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.