Home > Australia > Property > News : Australia sees new homes sales rise
SubscribeSubscribe to the Property Bulletin
   
 
Secure Exit Strategy


Australia sees new homes sales rise

Article Date : 02 June 2009       Bookmark on Facebook   Bookmark on Del   Bookmark on Digg   Bookmark on Facebook   Bookmark on Reddit   Bookmark on Spurl   Bookmark on Furl   Bookmark on Yahoo   Bookmark on Magnolia   Bookmark on StumbleUpon   Bookmark on BlinkList

Australia sees new homes sales rise

Sales of new homes in Australia have risen again, new research has shown.

Figures from the Housing Industry Association (HIA) revealed that the number of new homes being bought in April jumped 0.5 per cent on March, with detached homes up 1.1 per cent.

This is the latest in a series of increases in such sales that has seen the number being bought increasing 22 per cent since it hit a floor in December last year.

Commenting on the situation, HIA chief economist Dr Harley Dale said: "The leading indicators point to housing as an emerging bright spot in the economy."

The HIA said the introduction of the AUD21,000 first home boost in the last budget - a measure aimed at helping first-time buyers - was a major factor in bolstering the market.

Such a development could mean that the Australian property sector is set to improve, which may offer some good investment prospects.

Another positive factor could be the longer-term economic outlook.

In a speech in April this year, governor of the Reserve Bank of Australia Glenn Stevens said recent research had shown that consumers in the country remained as optimistic about the prospects for the economy five years hence as they had before the economic crisis.

Tags: Australia, Housing Industry Association, Reserve Bank of Australia Glenn
Listing Separator

Related Articles

  1. Melbourne stars in property transactions
  2. Australian property market continues to post price gains
  3. Warm Australian climate tempts investors
  4. Investors should capitalise on interest in Australia early
  5. Australia's housing market is 'strongest since 2003'



Let us search for you Let Us find Property in Australia for You

Fill out a requirements form and our experts will help you find a great selection of Properties for sale in Australia.


Subscribe to This Feed

RSS News
Subscribe to this RSS Feed
Country: Australia
Channel: All

More RSS FeedsGo

Media/Press SectionProperty News Search


   

News ArchivesNews Archives

View worldwide property news from as far back as 2005 in our News Archives Section.

View News ArchivesGo