empty
 
 

2014.08.2722:45:00UTC+00Australia New Home Sales Fall In July

New home sales in Australia declined in July, after increasing in the previous month, data from the Housing Industry Association showed Thursday.

Seasonally adjusted new home sales fell 5.7 percent month-over-month in July.

The decline was driven by a 4.7 percent drop in the sales of detached houses and a 10.9 percent fall in the sales of multi-unit houses.

"The 2013/14 fiscal year saw the recovery in new home sales gather strong momentum. The 2014/15 year, however, has started with confirmation of a downward trend emerging," said Harley Dale, HIA Chief Economist.

"Nevertheless, we still expect this year to record a reasonably healthy level of sales activity."

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback