VIC rescues HIA new home sales

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Via HIA:

HIA New Home Sales look to be finishing the year a little more positively than previously evident. Following a string of weak results, private detached house sales increase by 3.6 per cent in November 2018.

Encouragingly, the monthly rise was geographically widespread: sales increased in Victoria (7.3 per cent); Queensland (2.1 per cent); South Australia (7.4 per cent); and Western Australia (2.2 per cent). New South Wales was the lone state where sales declined during the month (down by 3.3 per cent).

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.