Property prices rise in Australia, but new home sales continue to decline

Discussion in 'Australia Property' started by Nicholas Wallwork, Oct 30, 2012.

  1. Nicholas Wallwork

    Nicholas Wallwork Editor-in-Chief Staff Member Premium Member

    Residential property prices in Australian cities are climbing again after the country’s central bank cut interest rates with values rising 1.4% in September. It is the biggest monthly rise in prices in 30 months and they are also rising on a quarterly basis, up2% in the third quarter of the year, the latest figures from [...]

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  2. mattio

    mattio New Member

    so prices are increasing overall, and yet new home sales are declining.
    I wonder whether the fact that the First Home Owners Grant now only targeting new homes will help boost up new home sales from now on
     
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