Housing Industry Association

  • 4.6% fall in detached house sales
  • 1.4% rise in multi-unit sales

HIA chief economists Harley Dale:

“Over the three months to October 2013 the volume of detached house sales increased in all five surveyed states, while the downward trend evident in multi-unit sales since late last year looks to be reversing..That’s a good profile for a leading indicator of new home building activity heading into the end of the year.