Powered by MOMENTUM MEDIA
SUBSCRIBE TO OUR NEWSLETTER SIGN UP
Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

New home demand soars

Staff Reporter 1 minute read

New home sales surged in January as first home buyers jumped to take advantage of the tripled first home owner grant.

HIA figures released yesterday showed new home sales soared by more than 8 per cent in January.

South Australia led the charge with new home sales up 24.2 per cent. Victoria wasn’t far behind with an increase of 19.3 per cent.

New South Wales was the only state to record a decline in sales of 5.8 per cent.

“A better start to 2009 for new home sales is an encouraging result,” said HIA chief economist Harley Dale.

“But a sustained recovery in new home construction will rely on trade-up buyers and investors returning to the market, and the timely procurement of the planned 20,000 new public and community housing dwellings.”

COMMENT HERE

 

New home demand soars
default
TheAdviser logo
default

 

more from the adviser
digital home ta Heritage to introduce new origination platform

The non-major bank has teamed up with a credit reporting firm to ...

woman financia counselling ta SA offers free financial counselling to women

At-risk women living in SA will be given access to free financial...

Sam Carrello bc64 WA broker reveals his top tips for hiring staff

Napoleon Finance broker and director Sam Carello has revealed his...

FROM THE WEB