Australasia

New homes sales bounced back in Australia in November 2016, latest data shows

New homes sales in Australia bounced back towards the end of last year after a two year low in October 2016, the latest data shows. Annual sales increased by 6.1% in November but over the quarter they fell by 0.7% although this was only 0.2% below the same three month period in 2015, according to […] The post New homes sales bounced back in Australia in November 2016, latest data shows appeared first on PropertyWire . Continue reading

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Median house prices rise across New Zealand but sales are down

Median house prices have risen again in New Zealand with some regions reaching record highs but sales were down or flat, the latest index data shows. Year on year median prices were up 11% in December 2016 to $516,000, just $4,000 below the record high set the previous month, according to the figures from the […] The post Median house prices rise across New Zealand but sales are down appeared first on PropertyWire . Continue reading

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Home approvals in Australia bounced back towards end of 2016

Approvals for new homes in Australia bounced back towards the end of last year and are expected to remain positive in 2017. They increased by 7% in November compared to the previous month, according to the figures published by the Australian Bureau of Statistics. But more apartments than houses are being built. Apartment approvals increased […] The post Home approvals in Australia bounced back towards end of 2016 appeared first on PropertyWire . Continue reading

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