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New home sales increase after fall

NEW home sales in WA increased by 12.1 per cent in January after falling by 9 per cent in December according to figures released by the Housing Industry Association last week.

The association’s executive director John Gelavis said the HIA New Homes Sales Report – a survey of Australia’s largest home builders – showed seasonally adjusted private sector detached house sales rebounded in Western Australia by a stronger than expected 12.1 per cent in January.

Mr Gelavis said the increase in new home sales in January was a good sign for the industry.

He said the January rise followed a sizable decline of 9 per cent in December and an increase of 4.2 per cent in November last year.

“We saw a small upswing is sales in November, the December result reflected the feeling on the ground that people went to Christmas early, so this January result is a promising reflection of an improved consumer sentiment in building a new home in WA,’’ he said.

“We have seen a powerful housing stimulus package released by the government through an increase to the first home owners grant to $15,000, finance assistance through the Keystart eligibility criteria expansion and proposed seniors stamp duty concession adds to the current suite of benefits available when building a new home in the current market.

“HIA will be releasing its latest forecasts on Thursday, March 2, which will provide a strong indicator where the market is heading in 2017 and beyond, however if the current policy settings remain after the state election it will ensure the industry is well placed for the future.

“HIA’s state election Policy Imperatives – Housing Western Australians – outlines five initiatives that a government can adopt to support housing affordability into the future.

“Supporting those initiatives will increase jobs and support an improving economy.”

About Anita

Anita Mcinnes received a highly commended in the 2009 WA Media Awards suburban section for her reporting. Two of her sons were born at Swan District Hospital and for many years she was a partner in a small business, which operated in the Gingin-Muchea-Bullsbrook area. As a mature age student Anita studied journalism at Curtin University before working in Busselton, Dunsborough and Rockingham with West Regionals. She says the best part of her job is meeting eastern suburb residents and visiting the many attractions in the area.

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