Tue, Sep 2, 2014
A A A
Welcome hendrik.absolut
RSS

Real Estate Briefing - Categorized | Asia Pacific, Emerging Trends, Finance, Residential property Watch more

Australian housing demand sinks despite rate cuts

Posted on 29 August 2012

The slump in Australian home construction deepened further in July, dashing expectations that aggressive interest rate cuts in the second quarter of this year would resurrect demand.
A survey of sales of new homes by the Housing Industry Association released Tuesday showed a 5.6% decline in July from June and an 11.6% slide on year. Sharp falls were recorded in both the detached housing segment, which fell 5.5%, and in apartment sales, which fell 6.4%………………………………………..Full Article: Source


 Article link

This post was written by:

Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


Contact the author

Comments are closed.

September 2014
M T W T F S S
« May    
1234567
891011121314
15161718192021
22232425262728
2930