THERE was a modest recovery in new home sales in October, with the housing industry welcoming a 3.4% rise in sales during the month on Thursday.
Housing Industry Association chief economist Harley Dale said the association's monthly new home sales report also revealed a 31.4% rise in multi-units sales during the month.
But sales of new detached homes fell by 2% during October, marking the fifth fall in six months.
Mr Dale said the results were a mixed bag, and despite the weak headline result for detached homes, there were modest rises at a state level for New South Wales, South Australia and Western Australia.
"Detached house sales in Victoria were a big drag on the aggregate result in October, slumping by 12.1%," he said.
"If you take that result out of the mix, then detached house sales actually posted a rise of 2.4%."
The board of the Reserve Bank meets for its final rates decision of the year on Tuesday.
OWNERS ARE SERIOUS SELLERS AND WILL CONSIDER ALL REASONABLE OFFERS SUBMITTED!! FANTASTIC OPPORTUNITY FOR ONE VERY LUCKY BUYER!! MULTI-LEVEL CONTEMPORAY FAMILY...
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