Australian new home sales plunged 6.7 percent month-over-month in December 2018, following a 3.6 percent rise in the previous month and marking the steepest fall since late 2012, Australia’s Housing Industry Association (HIA) said. Across the country, sales fell in all mainland states except for New South Wales (10%) over the month, led by a substantial 11.8% fall in Victoria, followed by decreases in Queensland (-9.2%), South Australia (-4%) and Western Australia (-9%). Considering the December quarter 2018, sales slumped 14.9 percent compared to the same period a year earlier. Sales fell in all states and territories, ranging from 26.5% in Queensland to 0.3% in South Australia, with sales in New South Wales, Victoria and Western Australia slumping 18.8%, 10.9% and 7.9%, respectively. New Home Sales in Australia averaged 8347.90 from 1999 until 2018, reaching an all time high of 20768 in March of 2001 and a record low of 4769 in August of 2018.

New Home Sales in Australia is expected to be 5000.00 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate New Home Sales in Australia to stand at 5368.81 in 12 months time. In the long-term, the Australia New Home Sales is projected to trend around 5550.00 in 2020, according to our econometric models.

Australia New Home Sales
Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2018-10-05 01:00 AM HIA New Home Sales MoM -2.9% -3.1%
2018-10-29 12:00 AM HIA New Home Sales MoM 1.1% -2.9%
2018-11-29 12:30 AM HIA New Home Sales MoM -0.8% 1.1%
2018-12-18 02:00 AM HIA New Home Sales MoM 3.6% -0.8%
2019-02-27 12:00 AM HIA New Home Sales MoM -6.7% -2%
2019-03-08 01:00 AM HIA New Home Sales MoM
2019-05-02 12:00 AM HIA New Home Sales MoM

Australia Housing Last Previous Highest Lowest Unit
Building Permits -8.40 -9.80 31.70 -21.80 percent [+]
New Home Sales 4622.00 4954.00 20768.00 4622.00 Units [+]
Housing Index -1.50 -0.70 6.10 -2.20 percent [+]
Home Ownership Rate 65.00 67.00 71.40 65.00 percent [+]
Construction Output -2.80 1.80 16.60 -18.90 percent [+]
Construction Pmi 43.10 42.60 60.50 29.24 Index Points [+]

Australia New Home Sales

In Australia, new home sales are based on the survey results obtained from State-wide estimates using weights based on financial year market shares of private dwelling commencements. This page provides the latest reported value for - Australia New Home Sales - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Australia New Home Sales - actual data, historical chart and calendar of releases - was last updated on February of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
4622.00 4954.00 20768.00 4622.00 1999 - 2018 Units Monthly

Country Last Previous
Australia 4622.00 Dec/18
China 126392.60 Dec/18
France 31625.00 Dec/18
Singapore 1198.00 Nov/18
Spain 6.17 Dec/18
Turkey 69861.00 Dec/18
United States 657.00 Nov/18