Australian new home sales declined 69.4 per cent month-over-month to 4,143 units in January of 2021 after a 91.8 percent surge in the previous month, data from Housing Industry Association showed. Still, it was an encouraging result given the nature of the market in January and taking into consideration that December’s sales were boosted by the HomeBuilder program, with households finalizing contracts to build a new home before the deadline on December 31st to access the $25,000 grant. source: Housing Industry Association (HIA)

New Home Sales in Australia averaged 8026.57 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 February 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.

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Australia New Home Sales

Actual Previous Highest Lowest Dates Unit Frequency
4143.00 13527.00 20768.00 3647.00 1999 - 2021 Units Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2020-11-18 12:00 AM HIA New Home Sales MoM Oct -1.3% 3.8% 2.5%
2020-12-17 12:00 AM HIA New Home Sales MoM Nov 15.2% -1.3% 0.8%
2021-01-19 12:00 AM HIA New Home Sales MoM Dec 91.8% 15.2% 1.3%
2021-02-15 12:00 AM HIA New Home Sales MoM Jan -69.4% 91.8% -3%
2021-03-09 12:00 AM HIA New Home Sales MoM Feb -69.4% 2%
2021-04-13 12:00 AM HIA New Home Sales MoM Mar
2021-05-11 12:00 AM HIA New Home Sales MoM Apr
2021-06-08 12:00 AM HIA New Home Sales MoM May


News Stream
Australia New Home Sales Plunge in January
Australian new home sales declined 69.4 per cent month-over-month to 4,143 units in January of 2021 after a 91.8 percent surge in the previous month, data from Housing Industry Association showed. Still, it was an encouraging result given the nature of the market in January and taking into consideration that December’s sales were boosted by the HomeBuilder program, with households finalizing contracts to build a new home before the deadline on December 31st to access the $25,000 grant.
2021-02-15
Australia New Home Sales Soar 91.8% MoM in December
Australia's new home sales jumped 91.8 percent month-over-month to 13527 units in December of 2020, after a 15.2 percent gain a month earlier, data from Housing Industry Association showed. This was the second strongest pace of growth in the 20 years of the survey, attributed to the HomeBuilder program, with households finalizing contracts to build a new home before the deadline on December 31st to access the $25,000 grant. Also, low-interest rates, house price growth, and a change in consumer preferences away from apartment-style living have all seen demand for detached housing rise. The monthly increase in sales has been broad-based across the states, boosted by a record rise in South Australia where sales tripled from November. For full 2020, new home sales soared 32.5 percent.
2021-01-19
Australia New Home Sales Surge 15.2% MoM
Australia's new home sales jumped 15.2 percent month-over-month in November 2020, setting a new decade high and after a 1.3 percent fall a month earlier, data from Housing Industry Association showed. The upturn was driven by an improvement in market confidence as the economy recovered further from the COVID-19 disruption, with households hurrying to meet the initial deadlines of the HomeBuilder program, while Victoria state emerging from the stage four COVID-19 restrictions. Also, low interest rates, house price growth, and a change in consumer preferences away from apartment style living have all seen demand for detached housing rise. Many households have diverted their expenditure from travel and entertainment towards housing, including renovating their home. Sales grew in Victoria, South Australia, Western Australia, New South Wales, and Queensland.
2020-12-17
Australia New Home Sales Drop 1.3% in October
Australia's new home sales fell 1.3 percent over a month earlier in October of 2020, following a 3.8 percent rise in the previous month, data from Housing Industry Association showed. Sales dropped in Queensland (-4.2 percent), Western Australia (-11.5 percent) and Queensland (-4.2 percent). Meanwhile, sales in Victoria rose 16.7 percent to return them to the same level experienced at the onset of the HomeBuilder program. These sales in September reflect leads and contract negotiations that commenced before stage 4 restrictions came into effect. In the seven months since restrictions were imposed in March 2020, sales are 11.8 percent higher than in 2019, due to the positive impact of HomeBuilder across the states.
2020-11-18

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.