fbpx

Australian Housing Data

The Housing Industry Association’s (HIA) monthly survey of Australia’s largest home builders indicates that new home sales dropped to a two year low during October. HIA announced that new home sales fell 8.5% for the month on the lowest volume since July of 2014.

Further details showed that sales on both sides of the market saw sizeable declines with detached house sales down 8.2%, while multi-unit sales fell by 9.2%.

You're not a member!  Trial today

This sharp decline in new homes sales will likely temper recent calls for the RBA to maintain a neutral interest rate bias.

Leave a Reply

Investor Signals Pty Ltd ABN 44 143 555 453 is a Corporate Authorised Representative CAR No. 439411 of Advisor Plus Pty Ltd AFSL 474520
© 2024 Investor Signals

Send our ASX Research to your Inbox

Or start a free thirty day trial for our full service, which includes our ASX Research.