Queensland is bucking a nationwide trend of falling new home sales, which is great news for those looking to sell new real estate in Surfers Paradise.
The Housing Industry Association (HIA) released findings from their New Home Sales report which showed that sales of new homes across Australia fell in July – the first time this has happened in five months.
Seasonally adjusted total new home sales declined by 4.7 per cent last month, mirroring the 5.3 per cent decrease back in February this year.
Nationwide sales of detached houses fell by 6.4, a trend that was reflected in each individual state except Queensland, where the figure actually increased by 12.6 per cent.
This followed three consecutive months of falling sales in the state.
However, HIA chief economist Dr Harley Dale urged the public that the nationwide decline in new home sales was not a cause for concern.
"One monthly fall, while disappointing, does not really change the story," he said in an August 29 media release.
"What we need to observe over the remainder of this year is strong growth in new home sales volumes."
New Year, New Possibilities: Your Ideal Property Awaits in The Event 2025 Hi, Andrew Bell here. I promise I’ll only take a moment of your time as you enjoy your Boxing Day. I hope you’re having a wonderful time with family and friends over the Christmas holidays. However, … Read more
This morning, we proudly sent off bags and bags of goods and Christmas presents to the Salvation Army as part of our Little Ray of Giving appeal. For over 10 years, Ray White Surfers Paradise Group has partnered with The Salvos to help make Christmas brighter for families across the … Read more