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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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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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Scotland sees further deterioration in housing affordability

There has been a further deterioration in home affordability in Scottish cities with prices up 3% compared to the 1% rise recorded for the whole of Scotland, the latest figures show. The average price in cities has now risen from £181,061 in 2016 to £186,002 in 2017, according to the figures from the Bank of […] The post Scotland sees further deterioration in housing affordability appeared first on PropertyWire . Continue reading

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