Tuesday, November 01, 2005

The Australian: House sales 'bumping along bottom'

The Australian: House sales 'bumping along bottom' [November 01, 2005]: "NEW home sales fell 16 per cent nationally in September as the property downturn continued to bite.

House sales fell 20 per cent, but in the more volatile apartment market, sales increased by 9.4 per cent, according to the Housing Industry Association.
Association chief economist Simon Tennant said that except for January and
February, which are traditionally slow months, the figures were the weakest since a post-GST slump in December 2000"
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