The number of new homes sold in Australia took another dive in July, according to the latest HIA - JELD-WEN New Home Sales Report.
Having already taken an 8.7% hit in June, new home sales dropped by 8% in July, says the report. Detached house sales fell by 9%, while multi-unit sales saw a slight 1% increase.
The good news, says HIA chief economist Harley Dale, is that new home buyers have the upper hand in today’s market.
“A competitive building market, less pressure on skilled trades, and steady interest rates combine to mean that if you're in a financially sound position to do so, now is a particularly good time to build a new home,” he said.
With interest rates at their lowest for more than 50 years, there are some great rates available. The best thing to do is to compare rates from all the lenders. Let us help take the leg work out of doing this - Compare Home Loans now
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