The demise of the housing sector has been over done judging by the latest figures released by the Housing Industry Association (HIA), which shows that the sale of new properties grew strongly in March, up 8.9% after a 5.3% fall in February. Across the quarter sales increase by 2.8%, though this is lower than a year back.
We see the continued strong growth in apartment sales, up 16.3%, compared with houses at 7.0%, though house sales increased in Queensland up 13.2, Western Australia (9.8%), New South Wales (9.8%) and Victoria (2.8%) South Australia fell 6.9%.
