Monexnews-home sales increasing in Australia in January related to the low interest rates that drive the interest purchased. The Housing Industry Association, one of the housing construction company said home sales in January went up 2.6% from December. Noting the increase in the number to four.
Home sales up 2.5% while sales of apartments rose 4.9%. During the three months to January, home sales up 10%, he added. It took longer to ensure the sector has risen from weakening, obviously, Economist Harley Dale HIA. "The home sales figures currently not more than average long term," according to Mr. Dale. Interest rates have been trimmed to 1.75% since November 2011 in order to propel the economy. The State of Victoria and South Australia recorded the biggest sales while home sales recorded in Queensland due to flooding reduction.
(din)
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