Fed: Housing rebound shows industry adjusting to GST

AAP General News (Australia)
01-17-2001
Fed: Housing rebound shows industry adjusting to GST

CANBERRA, Jan 17 AAP - The rebound in home lending in November suggested the industry
had begun to adjust to the GST, Australia's top housing body the Housing Industry Association
(HIA) said today.

New figures found a 6.7 per cent increase in the number of home loans written in November,
following a 3.8 per cent drop the previous month.

HIA managing director Ron Silberberg said he was optimistic about the industry's outlook,
even though the housing industry activity was 45 per cent down on levels 12 months ago,
before the GST came in.

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