All Topics / General Property / New home sales are declining…

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  • Profile photo of mattstamattsta
    Participant
    @mattsta
    Join Date: 2011
    Post Count: 604

    Just read an article suggesting that new home sales are declining…

    "New home sales declined in September with detached house sales posting their lowest monthly level since December 2000, said the Housing Industry Association, the voice of Australia’s residential building industry."

    Read it here – http://www.bigpondmoney.com.au/new-home-sales-languishing

    Any thoughts?

    Profile photo of masky005masky005
    Member
    @masky005
    Join Date: 2011
    Post Count: 13

    I'm not surprised by the results. However I wonder whether yesterdays interest rate cut will increase these figures for November period. I live in a new home development by lend lease- and have not seen any change in the demand for new homes in our area. If anything I think they are selling steadily at the same pace since opening the development in  2009.

    Profile photo of Mick CMick C
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    @shape
    Join Date: 2010
    Post Count: 1,099

    New housing has been declining for years…nothing new :(

    Thats why we have the 10k QLD boost + soon to be released NSW New home concession.

    Regards
    Michael

    Mick C | Shape Home Loans
    http://www.shapehomeloans.com.au/
    Email Me | Phone Me

    Same Banks. Better Rates. Served With a Passion.

    Profile photo of Jamie MooreJamie Moore
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    @jamie-m
    Join Date: 2010
    Post Count: 5,069
    Shape wrote:
    New housing has been declining for years…nothing new :(

    My thoughts as well….

    Cheers

    Jamie

    Jamie Moore | Pass Go Home Loans Pty Ltd
    http://www.passgo.com.au
    Email Me | Phone Me

    Mortgage Broker assisting clients Australia wide Email: [email protected]

    Profile photo of NarrowlothomesNarrowlothomes
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    @narrowlothomes
    Join Date: 2011
    Post Count: 8

    Working in the building industry has its highs and lows. Building has been low for a while but that will only increase demand for housing down the track. Here in Perth, there will be a problem soon as we need more housing to start to keep up with demand for rentals etc. 
    There are great bargains both established in the building sector. People have just been a little affraid to take the next step. The interesting thing is that in the week or so prior to the rate drop, land sales in developed older suburbs have taken off(ie larger blocks being sub-divided. I have been talking with a few REA in several areas and they have mentioned an increase.
    Good new for every one.

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