Apartments drive new home sales

Original article by Rebecca Thistleton
The Australian Financial Review – Page: 10 : 30-Jul-14

Data from the Housing Industry Association shows that there was a two increase in sales of new dwellings in Australia during the June 2014 quarter. Sales of detached houses increased by 4.1 per cent in Victoria during the quarter, and by just 0.4 per cent in New South Wales. Meanwhile, sales of new dwellings rose by 1.2 per cent overall in the month of June. However, sales of new apartments were nearly 16 per cent higher, while sales of detached homes fell by one per cent

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HOUSING INDUSTRY ASSOCIATION LIMITED, INVESTA PROPERTY GROUP, MORGAN STANLEY REAL ESTATE, KNIGHT FRANK AUSTRALIA PTY LTD, STOCKLAND – ASX SGP, FIVE SQUARED PROPERTY GROUP PTY LTD

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