Interest rate cuts boost new home sales in Australia

Discussion in 'Australia Property' started by Nicholas Wallwork, Jan 9, 2012.

  1. Nicholas Wallwork

    Nicholas Wallwork Editor-in-Chief Staff Member Premium Member

    The first interest rate cut in two and a half years has had an immediate impact with sales of new homes jumping 6.8%. The latest New Home Sales report from the Housing Industry Association based on a survey of Australia’s 100 largest builders, shows a significant bounce for sales in November 2011. Total seasonally adjusted [...]

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  2. mattio

    mattio New Member

    Thanks for sharing the article. I absolutely agree that the government needs to continue giving tax break to prospective home buyers. It will definitely help the market to recover and attract more buyers.
     
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