New home sales staging a recovery: Pete Wargent

New home sales staging a recovery: Pete Wargent
New home sales staging a recovery: Pete Wargent

New home sales hit a two-year low in October 2016, but have since staged something of a recovery. While new detached house sales dipped by 2.3 percent in the fourth quarter, sales of new multi-unit dwellings ticked back up by 3.2 percent.

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New home sales staging a recovery: Pete Wargent 

In fact the result for multi-units in December was the highest seen for a year-and-a-half, at least in seasonally adjusted terms. 

Detached house sales were strongest in the two most populous states, according to the Housing Industry Association (HIA). 

 

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New home sales staging a recovery: Pete Wargent

PETE WARGENT is the co-founder of AllenWargent property buyers (London, Sydney) and a best-selling author and blogger

 

Pete Wargent

Pete Wargent

Pete Wargent is the co-founder of BuyersBuyers.com.au, offering affordable homebuying assistance to all Australians, and a best-selling author and blogger.

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Housing Sales New Dwellings

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