Market Wrap
Surging new home sales in Victoria pushed up the national sales figures by more than 6 per cent in April, the Housing Industry Association (HIA) announced this week.
Releasing its latest New Home Sales report of Australia's major residential builders, the HIA said that new home building in Victoria had defied higher interest rates thanks to the
Victorian Government's first home buyer top-up grant for new
dwellings.
HIA Chief Economist, Dr Harley Dale, said that without Victoria,
detached house sales at the national level would have been lower in
April.
