WA new home sales drop 5.1% in Feb

Fresh concerns have been raised over the sustainability of the residential property sector after new home sales in Western Australia dropped 5.1 per cent last month, a turnaround from January's figures.


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The real estate market is just finding its feet again after the Govt interference of the first home buyers scheme. The down turn of new properties will be offset by the increase in sales of existing housing. The Real Estate market is very healthy and has some semblance of balance now it is a free market. How long before the Govt understands that propping up the building industry and developers is not the answer to help in a recession.

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