Australia new home sales fall 2.7% in Nov: HIA
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[SYDNEY] Sales of new homes in Australia slipped for a third straight month in November as demand in the volatile apartment sector cooled a little, a survey showed on Thursday.
The Housing Industry Association (HIA) said its survey of large-volume builders showed sales of new homes fell a seasonally adjusted 2.7 per cent in November, from October.
A 1.1 per cent increase in sales of detached homes was swamped by a 15.1 per cent drop in multi-unit sales.
REUTERS
Copyright SPH Media. All rights reserved.
TRENDING NOW
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
Near sell-out launches in March boost developer sales to 1,300 units after four slow months
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Genting Singapore’s Lim Kok Thay receives S$7.5 million pay package for FY2025
