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Australia: New home sales slow to crawl

Posted on 30 May 2011

Australia’s new home sales grew at the slowest pace this year in April as the housing market remains locked in the doldrums.
New home sales edged up just 0.2 per cent in April to just 11,000, the Housing Industry Association/ JELD-WEN survey found. That’s less than the 4.3 per cent increase reported for March, and the weakest pace since sales shrank in the final two months of 2010……………………………………….Full Article: Source


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