September quarter, says Housing Industry Association
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.