Australia's new home sales jumped 87.2 percent from a month earlier in June 2020, rebounding from a 4.2 percent fall in the previous month, data from Housing Industry Association showed. It was the first increase since coronavirus restrictions were introduced in March and the highest monthly result since 2001, amid the introduction of the Government’s HomeBuilder program and various state incentives for building. Across the country, Western Australia rose the most (+211.2 percent), followed by South Australia (+157.1 percent), Victoria (+47.8 percent), Queensland (+43.3 percent) and New South Wales (+12.6 percent).
New Home Sales in Australia averaged 8057.89 Units from 1999 until 2020, 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 2020. source: Housing Industry Association (HIA)
New Home Sales in Australia is expected to be 4300.00 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 4300.00 in 12 months time. In the long-term, the Australia New Home Sales is projected to trend around 4900.00 Units in 2021 and 5500.00 Units in 2022, according to our econometric models.