Australia Q1 New Housing Construction Down 25% y/y

by Monica Gerson, Benzinga Staff Writer
June 20, 2012 4:13 AM | 13 seconds read |
New housing construction declined 12.6% in Australia in the first quarter versus the earlier quarter and dropped 25% y/y, according to the Australian Bureau of Statistics. According to property research firm RP Data, Australian house prices declined 5.3% in the year to May.
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