Perth's housing recovery has hit a stumbling block, with prices dropping in April and new home sales declining in March, but analysts are describing the falls as a temporary blip.
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The March reading of new home sales is out.
The headline number climbed 1.5% to an annualized rated of 417k.
Economists were looking for a 1.2% increase to a level of 416k.
The discrepancy in the numbers comes from the fact that last month's...
New home sales tumbled 5.3 per cent across the nation in February, snapping a four-month run of increases, but the lagging trend did not extend to sales in Western Australia.
Sales of new single-family homes fell more than expected in February after hefty gains the previous month, but steady gains in home prices suggested the housing market recovery remains intact.
New home sales fell 4.6 percent month-over-month in February, to an annual rate of 411,000.
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This was worse than expectations for a 3.9 percent fall to an annual rate of 420,000.
But new home sales were up 12.3 percent...
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