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New home sales fall, but not in WA

New home sales tumbled 5.3 per cent across the nation in February, snapping a four-month run of increases, but the lagging trend did not extend to sales in Western Australia.

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A further rate cut of 50 basis points will boost the housing industry and will have an expansionary affect on the other retali sectors as well. The retail business houses are struggling due to high rate of landing as compared to western countries.

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