A leading private report shows sales of newly built homes surged in January, as investors and upgraders returned to the market.
The Housing Industry Association’s New Home Sales Report shows a 9.5 percent rise in the number of new homes being sold, compared to the previous month. That is the strongest result since September.
Sales of free-standing houses climbed more than 10 per cent, while unit sales climbed 4.1 per cent after a 14.5 per cent jump in December.