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Wednesday 16 December 2020

New home sales at decade high

New houses sell

New home sales increased 15 per cent in November to hit decade highs, according to the Housing Industry Association.

Victorian sales rose 21 per cent as the state emerged from stage 4 restrictions.

The remaining states recorded rises too, with South Australia recording its second strongest result since 2013. 

Source: HIA

The data largely precedes the extension of the successful HomeBuilder program on November 29, reported the HIA. 


UK house prices rose +5.4 per cent over the year to November 2020, to an average price of 245,000.

Source: ONS

This was largely driven by stamp duty exemptions, rather than any fundamentals (which are awful).