| Australian sales of newly built homes declined for a third straight month in September, underscoring the central bank’s decision to resume lowering interest rates.
Sales decreased 3.7 percent to 5,186 from August, when they dropped 5.3 percent, the Canberra-based Housing Industry Association said, citing a survey of the nation’s largest builders. Detached house sales fell 3.5 percent, while apartments were down 4.2 percent, it showed...............................................Full Article: Source |