Staff Reporter
If you have the means to buy a home, now is a good time to do it, the Housing Industry Association has claimed.
According to the latest HIA - JELD-WEN New Home Sales Report, the number of new homes sold in July 2011 dropped by 8 per cent following a decline of 8.7 per cent in June.
Detached house sales fell by 9 per cent in the month of July 2011 while sales of multi-units increased by 1 per cent.
“The July sales result reinforces the marked deterioration in new home building conditions that is so glaring in mid-2011,” HIA chief economist Harley Dale said.
“The weak environment is actually good news for new home buyers. A competitive building market, less pressure on skilled trades, and steady interest rates combine to mean that if you're in a financially sound position to do so, now is a particularly good time to build a new home.”
