New homes take the lead from new apartments when it comes to pushing the properrty market up. First home buyers have helped with an increase in detached new home sales by 1.1% in April according to the HIA. The number of detached new home sales was 3% higher than that of April 2008. Harley Dale, chief economist at HIA has suggested that the leading indicators point to housing as emerging bright spot int he economy.
HIA has forcast that 6,900 extra starts of new homes will occur in the second half of 2009.
Other figures released by the HIA suggested property investors were still a little hesitiant coming back into the market with new apartment and unit sales falling by 5.6% in April.
Loading ...
Recent Comments
This is just ridiculous, to add another tax on purchasing property! …
The organisations who collect auction data tend to adopt varying geogr …
It's a cool trend i think. It means that people are getting smarter. I …
Hello, I found this website when i was looking for web sites related t …
Real estate investment are always great investments as it is an hedge …