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Anuj

Anuj

Real Estate Consultant,

32.5 per cent jump in new home sales in 2020 has been recorded despite falls in the greater economy due to the COVID-19 pandemic

1Mo ago 0 Replies 26 Views
The report showed buyers were encouraged to flock to the market by the HomeBuilder stimulus, as many households rushed to finalise contracts before the 31 December 2020 deadline to access the $25,000 grant.
“This is the second strongest month of new home sales in the 20-year history of the survey, only exceeded by March 2001,” HIA’s economist, Angela Lillicrap, said.

While new home sales are set to fall compared with December 2020, record-low interest rates and the improved regulatory environment is expected to support demand for new houses in 2021.
Across the country, new home sales in the December quarter were higher in all regions when compared with the same period in 2019: South Australia (188.3 per cent), Victoria (103.1 per cent), Queensland (99.9 per cent), Western Australia (99.2 per cent) and NSW (61.7 per cent)

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