House sales Increase or Decrease
Nov 30th 2008, 5:39 am
#1
Guest
Posts: n/a
House sales Increase or Decrease
Sales of new houses have increased, or decreased, in October 2008 depending on where in Australia you are looking.
Sales of new houses jumped 6.7 per cent in October, for Australia as a whole.
State breakdowns show:
up 24.9% Queensland
up 20.3% Victoria
up 0.5% South Australia
minus 12.9% Western Australia
minus 14.7% New South Wales
Meanwhile, multi dwelling/unit sales dropped by 8.6%
Sales of new houses jumped 6.7 per cent in October, for Australia as a whole.
State breakdowns show:
up 24.9% Queensland
up 20.3% Victoria
up 0.5% South Australia
minus 12.9% Western Australia
minus 14.7% New South Wales
Meanwhile, multi dwelling/unit sales dropped by 8.6%
Nov 30th 2008, 11:42 am
#2
BE Forum Addict
Joined: Mar 2004
Location: Sydney
Posts: 1,628
Re: House sales Increase or Decrease
Not that surprising for new home sales when the FHOG increased from $7k to $21k for new builds until the end of the tax year.
Around Sydney sales of existing places are about 30% of last years turnover and the Inner West area I'm looking at buying in currently has around 8 to 10 months supply of unsold housing based on current sales volumes with the number of properties for sale is increasing by the week.
Around Sydney sales of existing places are about 30% of last years turnover and the Inner West area I'm looking at buying in currently has around 8 to 10 months supply of unsold housing based on current sales volumes with the number of properties for sale is increasing by the week.
Nov 30th 2008, 6:23 pm
#3
Timelord
Joined: May 2006
Location: Lost in space...
Posts: 2,834
Re: House sales Increase or Decrease
...Around Sydney sales of existing places are about 30% of last years turnover and the Inner West area I'm looking at buying in currently has around 8 to 10 months supply of unsold housing based on current sales volumes with the number of properties for sale is increasing by the week.
Can't spit without hitting a house for sale around Palm/Whale Beaches...
Dec 7th 2008, 10:23 pm
#4
BE Enthusiast
Joined: Jan 2007
Location: Sydney
Posts: 372
Re: House sales Increase or Decrease
Sydney's a big place with huge variations at the moment with numbers of listings. A more accurate snapshot would be better taken end of January rather than now. 3 weeks prior to Xmas is always slower.
