09/01/2013 - 09:24

WA detached house sales fall in November

09/01/2013 - 09:24

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WA detached house sales fall in November

The number of detached homes sold in WA in November fell nearly 7 per cent, bucking the national trend.

The Housing Industry Association new home sales report, released today, showed WA was one of two states to register falls, with Queensland dipping 0.1 per cent.

Detached house sales in WA declined by 6.8 per cent.

Nationally, the total number of new homes sold rose 4.7 per cent in November, with detached house sales climbing 7.7 per cent in November while multi-unit sales fell 6.9 per cent. 

"It is promising to see new home sales moving in the right direction," HIA economist Geordan Murray said in a statement.

However, Mr Murray said there was "a long way to go before we could consider sales volumes to be at satisfactory levels".

"The importance of a broad based rejuvenation of new home building to maintaining the health of the overall Australian economy has been widely acknowledged," Mr Murray said.

"But at this stage, new home sales sits among a host of indicators that are yet to provide conclusive evidence that we are on track to achieve this."

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