The latest survey of the country’s largest volume builders shows that new homes sales in Australia have increased in each of the first four months of 2015.
The new homes sales report from the Housing Industry Association (HIA) shows that the increase of 0.6% in April was the slowest monthly pace of growth since the start of the year, but HIA chief economist Harley Dale believes it is still a strong result. The seasonally adjusted figures showed two small gains, a 0.4% rise for detached house sales and 0.9% growth for multi-unit sales.
“The profile for new home sales in 2015 is consistent with a new home building cycle where further upward momentum resides largely in the multi-unit sector and where the eastern seaboard states are driving the further growth,” says Dale.
