Australian new home sales, or should that be units, move higher in August
David Scutt
Scutt Partners
Australian new home sales, or should that be units, move higher in August. Overall sales increased +3.3% MM, +12.1% YY in August. Overall home sales rose 0.4% leaving the annual increase at 6.1%, the lowest annual growth rate since April last year. On the contrary, unit sales surged 19.8% from July with the annual increase surging to 55.3%. Sales in New South Wales (+11.1%), particularly for units, drove the headline increase with only Western Australia offering additional assistance with a gain of 1.9%. Sales in Victoria, Queensland and South Australia all fell, the former for a third-consecutive month. (VIEW LINK)
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David is a Director of Scutt Partners Pty Ltd and has successfully worked in the financial services markets over the past 12 years with both large and smaller banking groups. He has provided strategic financial analysis for currency and interest rate movements and has been an active trader on behalf of his employers.Over the past 5 years David has become a respected financial analyst and has built a strong following on social media with his insights into the domestic and international markets for currencies and interest rates.Web: www.scuttpartners.com.au LinkedIn: https://www.linkedin.com/pub/david-scutt/9/34a/841
David Scutt
Independent Market Strategist
Scutt Partners
David is a Director of Scutt Partners Pty Ltd and has successfully worked in the financial services markets over the past 12 years with both large and smaller banking groups. He has provided strategic financial analysis for currency and interest...
Expertise
No areas of expertise
David Scutt
Independent Market Strategist
Scutt Partners
David is a Director of Scutt Partners Pty Ltd and has successfully worked in the financial services markets over the past 12 years with both large and smaller banking groups. He has provided strategic financial analysis for currency and interest...
Expertise
No areas of expertise
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