New home sales lift in November

New home sales in Australia have posted their fastest monthly growth rate since January 2010.

New home sales in Australia posted their fastest monthly growth rate since January 2010 in November to hit a two-and-a-half year high, according to the Housing Industry Association.

The HIA New Home Sales report showed the healthy 7.5 per cent increase in total seasonally adjusted new home sales was driven by a 30.5 per cent jump in multi-units together with a 3.6 per cent lift in detached house sales.

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