The total number of new home sales in Australia was roughly flat on month in September, the Housing Industry Association said on Thursday – following the 3.3 percent jump in August.
Among the individual components, the sale of detached houses dropped 2.3 percent, while the sale of apartments surged 11 percent.
For the third quarter, apartment sales climbed 8.7 percent.
“The overall profile for new home sales is consistent with a healthy year for dwelling construction in 2014-15. It would be desirable to see that outcome in detached and low density construction in addition to the high rise sector,” said Harley Dale, HIA chief economist.
The material has been provided by InstaForex Company – www.instaforex.com