| 31.05.2011 - Australia: New home sales reflect softening property market |
| 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 |