Australia's new home sales rose by 14.8 percent month-over-month to 5,841 units in June 2021, after a 15.2 percent gain in the prior month, amid low interest rates and upbeat market confidence, data from Housing Industry Association showed. In the June quarter, new home sales grew by 15.3 percent, as the trailing impact of the federal government's HomeBuilder grant continues to be felt. "The strength of new home sales nationally suggests that there will be a significant number of new homes entering the pipeline post-HomeBuilder which will ensure activity remains elevated into 2022," HIA Economist Angela Lillicrap said. source: Housing Industry Association (HIA)
New Home Sales in Australia averaged 8007.58 Units from 1999 until 2021, reaching an all time high of 20768 Units in March of 2001 and a record low of 3647 Units in May of 2020. 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 - data, historical chart, forecasts and calendar of releases - was last updated on August of 2021.
New Home Sales in Australia is expected to be 6000.00 Units 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 5700.00 in 12 months time. In the long-term, the Australia New Home Sales is projected to trend around 5500.00 Units in 2022, according to our econometric models.