Australia’s new home sales have soared once again in February, and a solid demand for apartments appears to be the reason, the Housing Industry Association (HIA) says.
HIA’s latest survey of large volume property builders found a 1.1% increase in February, following a 1.8% jump in January.
Multi-unit sales went up by 11.1% last month, while detached homes saw a 1.3% increase in sales.
“The signal from both HIA new home sales and ABS building approvals is for further upward momentum to multi-unit dwelling construction in 2015, but a consolidation in detached house building at volumes above the long term average," chief economist Harley Dale told Reuters.

Whether you are looking to buy your first home, move home, refinance, or invest in property, a mortgage broker can help. Access loans from all the major lenders, get help with paperwork – plus there is no charge for this service. Get help from a local mortgage broker