Tue, 29 May 2012 07:40:01 GMT
Australian new house sales increased by 6.9% last month
Sales of new homes in Australia inched up by 6.9% in April, after facing weak performance in Q1 of 2012, reported the Housing Industry Association. However, despite slight improvement, the volume of new house sales and new building approvals still signal that the real estate sector is far away from robust recovery, said Harley Dale, HIA Chief Economist.