Septem­ber quar­ter, says Hous­ing In­dus­try As­so­ci­a­tion

Port Douglas & Mossman Gazette - - FRONT PAGE -

in­creased by 6.4 per cent in Septem­ber 2013, the fastest monthly growth since April last year. The in­crease re­flected a 4.5 per cent rise in de­tached house sales and a 19.9 per cent jump in mul­tiu­nit sales. ‘‘ There is clear up­ward mo­men­tum in de­tached house sales which grew by 3.7 per cent in the Septem­ber 2013 quar­ter to be up by 25.2 per cent when com­pared with the same quar­ter last year,’’ noted Har­ley Dale. ‘‘Sales of multi-units fell by 5.7 per cent in the quar­ter and were largely flat com­pared with the same pe­riod in 2012.’’ ‘‘A strong Septem­ber re­sult for new home sales needs to gather fur­ther steam and clear up­ward mo­men­tum for build­ing ap­provals and new hous­ing fi­nance needs to oc­cur over the fore­see­able fu­ture. Th­ese out­comes would pro­vide con­fi­dence that the first round new home build­ing re­cov­ery seen in 2012-13 can gather legs this fi­nan­cial year,’’ added Har­ley Dale.

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