Sales of new homes in Australia fall to a 15 year low

Discussion in 'Australia Property' started by Nicholas Wallwork, Oct 4, 2012.

  1. Nicholas Wallwork

    Nicholas Wallwork Editor-in-Chief Staff Member Premium Member

    New home sales in Australia fell to a 15 year low in August and more interest rate cuts are needed to boost the residential property sector it is claimed. The latest figures show that sales of new properties fell 5.3% in August. Detached new home sales were the weakest, falling 5.8% and multi units fell [...]

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  2. mattio

    mattio New Member

    Definitely interest rate should be cut in order for people to start buying new homes. In this economy most people just cannot afford houses' prices.
  3. JhaiMitchell

    JhaiMitchell New Member

    I"m not sure why but the cut are having minimal effect.

    We need the propaganda machine sorry i mean media to start pushing it!
  4. mattio

    mattio New Member

    I agree that it needs to be advertised. From my life experience majority of people just do not know that they can get tax cut, lower interest rate and etc. and often do not often research it. They need to be directly pointed out to any deal or saving possibility.

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