New home sales in Australia dropped 0.8 percent month-on-month in October 2018. New Home Sales in Australia averaged 8378.70 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.