Australian new home sales hits 5-year high in April
Australian new home
Sydney - XINHUA
Record-low Australian interest rates are continuing to invite investment in property, with the sales of new homes hitting a five-year high in April, according to the Housing Industry Association (HIA) Friday.
Sales of new homes have grown 0.6 percent higher in the month, according to the HIA's monthly report.
The new home sales report has shown an increase in each of the first four months of 2015.
Record low interest rates have generated an uptake in property activity, as the central Reserve Bank attempts to fire-up the non- mining sector of the Australian economy.
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Davos - Muslimchronicle
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Brussels - Muslimchronicle
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Russians challenge doping ban
Geneva - Muslimchronicle
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Saudi-led coalition announces $1.5bn
Sanaa - Muslimchronicle
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To 'eternal style' of late Alaia
Paris - Muslimchronicle
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opened Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led his
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