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1.Market Observations, 8.Was Sticky

5 June 2017 (AFR) – New home sales show pick-up in April, but continue yearly decline: HIA

(5 June 2017, AFR, p34, by Michael Bleby)

Monthly new home sales by state‘A pick-up in new home sales in April failed to halt the bigger picture of a slowdown in the market, with total sales down 3.3 per cent from a year earlier. The latest Housing Industry Association report recorded a monthly gain in NSW, Victoria and SA, while Queensland sales fell for a fifth straight month and WA marked its second month of decline. ‘

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