From an article in the Weekend Australian on January 14-15 2012. Written by Turi Condon, property editor.
‘Most property markets around Australia would be happy to put 2011 behind them. Some good news where sales of new homes rose in November after a performance – sales fell to an 11 year low in September 2011. In the latest numbers , the country’s largest 100 builders reported a 6.8% rise in new home sales for November 2011, the same month the Reserve bank dropped interest rates.
While the numbers are off a low base, the December interest rate cut & possible further rate falls should lure 1st Home Buyers & help the new homes market along”