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Australia: New home sales reflect softening property market

Posted on 31 May 2011

New home sales growth remains sluggish, figures show, adding to growing evidence of a lull in the property market.
A report published yesterday found home sales edged up by 0.2 per cent last month but activity was stubbornly below its long-term average, a trend the housing industry blames on weak buyer sentiment and excessive regulation……………………………………….Full Article: Source

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