housing industry

New home sales slow in Australia but renovation market set to take off

New home sales in Australia are slowing down with the latest figures showing that transactions for detached houses increased in just two states. Overall there was little movement in the market, up just 0.2% in February with approvals for new homes downy by 2.2%, according to the Housing Industry Association (HIA). The figures come at […] The post New home sales slow in Australia but renovation market set to take off appeared first on PropertyWire . Continue reading

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Sydney and Melbourne lead property price growth in Australia, official figures show

Residential property prices in Australia increased by 4.1% in the final quarter of 2016, the strongest quarterly growth recorded since June 2015, according to latest official figures to be published. Melbourne recorded the largest increased through the year of all capital cities with a rise of 10.8% followed closely by Sydney with a rise of […] The post Sydney and Melbourne lead property price growth in Australia, official figures show appeared first on PropertyWire . Continue reading

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New home sales market in Australia peaked in December but outlook still good

New home sales in Australia weakened at the beginning of the year, down 2.2% in January, according to the latest figures from the country’s biggest builders. It means the market is tailing off from the largest and longest new home building cycle ever but overall the outlook is still good, says the first key new […] The post New home sales market in Australia peaked in December but outlook still good appeared first on PropertyWire . Continue reading

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