New house sales fall over 29pc as industry adapts to new normal

first_imgHIA believes Queensland’s drop in new homes sale could just be “timing issues”. Picture: Liam Kidston.QUEENSLAND has logged a massive 29.3 per cent monthly fall in new house sales, as residential building eases off 2016’s highs.The Housing Industry Association recorded the fall for June over the May figures, though the result was also 24.1 per cent lower than a year earlier. HIA senior economist Shane Garrett said Australia’s largest states were at their lowest level since October 2013, with national June home sales numbers down 6.9 per cent over May (-11.9 per cent down on June 2016). Free signup to The Courier-Mail’s Real Estate newsletter direct to your inbox More from newsMould, age, not enough to stop 17 bidders fighting for this home2 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor2 hours agoMr Garrett said the results supported HIA’s forecasts that new dwelling commencements would continue easing until late 2018.But he said the major states were coming off recent record peaks.“The fall in sales needs to be considered against the backdrop of residential building coming off a record peak of activity in 2016. We project that residential building will still be operating at a historically high level,” he said.The HIA new home sales report said Queensland’s June decline “could just be reflecting timing issues” given it was off “a similarly large increase in May”.The report said “the quarterly figures give a clearer picture” with the June quarter seeing detached house sales down 3 per cent over the March quarter, and having fallen 7 per cent over the same period in 2016.*Follow Sophie Foster on Twitter and Facebooklast_img read more

Onyekuru, Ezenwa First Eagles to Arrive in Seychelles

first_imgTurkey-based forward Henry Onyekuru will be the first player to arrive at the Super Eagles’ Savoy Hotel Resort and Spa, Victoria this morning as Nigeria opens camp for Saturday’s 2019 Africa Cup of Nations qualifying match against the Pirates of Seychelles.The Galatasaray SK marksman is scheduled to land in Victoria on the island of Mahe at 11am this morning to be followed two-and-half hours later by Nigeria-based goalkeeper Ikechukwu Ezenwa, who will arrive with members of the technical crew and backroom staff from Abuja. All the other players on Coach Gernot Rohr’s 24-man roster will arrive at the team hotel on Tuesday, with one group to come in before breakfast and another group expected at lunchtime.  Rohr has included three goalkeepers, eight defenders, six midfielders and seven forwards in his list for the crucial match, with four other players on standby.The Super Eagles and the Pirates clash at the 10,000-capacity Stade Linite in a Group E, Match-day 2 encounter on Saturday, starting from 4.30pm Seychelles time (1.30pm Nigeria time), with both teams in need of the three points after losing their respective openers to the campaign 15 months ago.Libya tops Group E following a 5-1 whiplash of Seychelles (who have installed a new coach in Gavin Jeanne), with South Africa second after beating the Super Eagles 2-0 in Uyo.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more