From the recent news about the houses for sale in Australia has been released and stated that new home sales has been showed positive results in March despite the increase of interest rates including the scare of higher increase on home loan repayments that were expected to come this year. From the data recorded, the Housing Industry Association stated that the volume of new homes for sale in Australia grew up to 0.9 per cent in March following a 5.2 per cent fall in February.
''Rising rates have run headlong into pre-existing supply side obstacles related to land supply, planning delays, and distorting levels of taxation and charges applying to new housing,'' HIA chief economist Harley Dale said.
According to the Reserve Bank statement said that they already increased the interest rates almost five times now since October to 4.25 percent. They have been completed this in accordance to maintain and sustain the growth with the homes for sale industry.
In addition to this news most of the investors said that they will might experienced another increase with the interest rates as the meeting with the RBA held next week.
This week released from the statement of the government's National Housing Supply Council Report stated that they have been estimated a nearly 200,000 house shortfall this year alone.
Source: The Sydney Morning Herald News
1 comments:
Jacksonville Custom Home Builders are the one who customized my home. I was amazed on their technique on how to redesigned a house. Their materials are great and I'm sure my customized home will be much better than before. Visit here for inquiries.
Post a Comment