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New home sales increase during October

By Ben Faulks

The latest Housing Industry Association (HIA) release has highlighted the increased number of new home sales seen nationwide during November, which could be great news for those interested in moving into the Belconnen real estate market in the coming months. 

HIA chief economist Harley Dale said the latest New Home Sales report said October saw an overall 3 per cent increase in sales over October, reflecting the growth of detached houses throughout the country. 

"After a relatively sharp decline of 5.7 per cent in July, driven by both detached houses and multi-units, total new home sales have mounted a modest recovery," said Mr Dale in a 27 November statement. 

"Sales are still off their cyclical peak reached back in April this year, but the overall volume of new home sales is still at an elevated level."

Lending for new home sales has also increased, reflecting the growing strength of the national property market. Now could be a great time to consider making moves into the Belconnen property market. 

Get in touch with a local real estate agent to start looking into the housing options available in the region, and begin working toward your property goals today. 

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