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Australian detached home sales flat-line: HIA
Sales of detached homes have flat-lined in Australia as the pace of apartment sales rises, the Housing Industry Association says, According to the HIA's monthly report, new home sales in January lifted by 1.8 per cent, in seasonally adjusted terms. The growth was mainly found in multi-unit, or apartment, sales, which surged 9.9 per cent in the month, while sales of detached homes increased by just 0.1 per cent. "There is an upward trend evident for multi-unit sales, but sales for detached houses are essentially flat-lining,” HIA chief economist, Harley Dale, said. Mr Dale said detached house sales appear to have ... (full story)