Powered by MOMENTUM MEDIA
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.

February new home sales fall

Staff Reporter 1 minute read

New home sales weakened in February, dropping by 5.3 per cent according to the Housing Institute of Australia (HIA).

HIA chief economist Harley Dale said that despite improved results for New South Wales and Victoria, a pull-back in Queensland and Western Australia dragged aggregate sales down.

“We saw a relatively big lift to sales in January thanks to a strong boost from the resource rich states. However, as suspected, this situation has proven to be unsustainable,” Mr Dale said.

In the short-term Mr Dale said there was no sign of any upward momentum in new home sales or building approvals and that leading indicators of new home building were likely to be flat, at best, for the remainder of 2007/08.

Published: 01-04-08

Advertisement
Advertisement
February new home sales fall
default
TheAdviser logo
default

TODAY'S POLL

View results >

Who do you aggregate through?

Thank you for your vote, you can see the results here.

more from the adviser
GlennGibson Cashback offers driving new consumer behaviour

More borrowers are looking at refinancing to take advantage of sh...

Peter White FBAA warns against volume-based incentives

The Finance Brokers Association of Australia has urged lenders to...

Sam white Why COVID-19 broking trends are here to stay

Loan Market executive chairman Sam White has commended brokers fo...

FROM THE WEB