The Housing Industry Association (HIA) has released its New Home Sales Report, which shows new home sales have increased in the September quarter.
This is great news for anyone who has invested in Bulimba real estate, as houses are likely to be snapped up more quickly than ever.
HIA Chief Economist Dr Harley Dale commented on the findings, which showed total new home sales reached their best levels in the past two years.
"Given the recovery in sales is occurring from a record low and that the upward momentum appeared to be stalling in mid-2013, this September outcome is very positive," Mr Dale said.
The news is best for multi-unit sales, with a 19.9 per cent jump in September. The month also saw a 4.5 per cent increase in detached house sales, in the fastest overall monthly growth since April last year.
Dr Dale believes this strong result must continue to provide confidence in the first new home building recovery that has been gaining momentum since 2012.
If you're interested in taking advantage of the positive conditions, get in touch with the team at Ray White Bulimba today.
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