Original article by Michael Bleby
The Australian Financial Review – Page: Online : 5-Oct-18

The Housing Industry Association has reported that new home sales posted a 2.9 per cent month-on-month decline in August, following a 3.1 per cent fall in July. New home sales fell by 7.3 per cent in New South Wales and by 7.1 per cent in Victoria, although Queensland, South Australia and Western Australia all recorded increases. New home sales are now down 27.1 per cent since their April 2014 peak, while the HIA is tipping that new home construction will fall by 10.6 per cent in 2019.

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