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Detached house sales on the rise

The number of new detached houses sold in Australia increased in the month of November.

The number of new homes being sold in Australia has increased in recent months, with detached houses being the most popular choice for buyers.

Total sales of new detached houses sold increased by 7.7 per cent in the month of November, according to the latest figures published by the Housing Industry Association, while the overall number of new homes being sold was also up by 4.7 per cent.

This will come as welcome news to property owners in Australia, following five consecutive months of declining sales.

New South Wales saw the highest increase in detached property sales over the month, with a jump of 15.8 per cent.

A separate study by property analysis firm RP Data has also revealed that three-bedroom houses were the most popular size for new buyers over the past year, accounting for almost two-fifths of all new homes sold in 2012.

Four-bedroom properties made up 25 per cent of the properties bought, indicating an increasing market for larger homes across the country.

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