Australia's new home sales rose by 5.8 percent month-over-month to the highest in five months of 7,446 units in August 2021, despite lengthy material delays and cost hikes, data from Housing Industry Association showed. Sales grew the most in South Australia (64.3 percent), followed by Queensland (44.3 percent), and New South Wales (17.8 percent). In contrast, sales fell in both Victoria (-10.8 percent) and Western Australia (-11.8 percent). “The strength in new home sales in recent months indicates that the boom in detached home building will continue to create strong employment opportunities into the second half of 2022," said HIA economist Tom Devitt. 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 September 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
7446.00 7038.00 20768.00 3647.00 1999 - 2021 Units Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2021-06-10 04:30 AM May 15.2% -54.4% -7%
2021-07-13 06:00 AM Jun 14.8% 15.2% 20%
2021-08-13 12:30 AM Jul -20.5% 14.8% 13%
2021-09-16 04:00 AM Aug 5.8% -20.5% -9%
2021-10-12 12:00 AM Sep 5.8%
2021-11-09 12:00 AM Oct
2021-12-14 12:00 AM Nov


News Stream
Australia New Home Sales Rise 5.8% MoM in August
Australia's new home sales rose by 5.8 percent month-over-month to the highest in five months of 7,446 units in August 2021, despite lengthy material delays and cost hikes, data from Housing Industry Association showed. Sales grew the most in South Australia (64.3 percent), followed by Queensland (44.3 percent), and New South Wales (17.8 percent). In contrast, sales fell in both Victoria (-10.8 percent) and Western Australia (-11.8 percent). “The strength in new home sales in recent months indicates that the boom in detached home building will continue to create strong employment opportunities into the second half of 2022," said HIA economist Tom Devitt.
2021-09-16
Australia New Home Sales Plunge 20.5% MoM
Australia's new home sales tumbled 20.5 percent month-over-month to the lowest in three months of 4,643 units in July 2021, after a 14.8 percent gain in the prior month, amid lockdowns in multiple states and eroding confidence, data from Housing Industry Association showed. Sales dropped the most in Victoria (-32.2 percent), followed by South Australia (-29.4 percent), Queensland (-25.4 percent), and New South Wales (-14.8 percent).
2021-08-13
Australia New Home Sales Rise 14.8% MoM
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.
2021-07-13
Australia New Home Sales Rise in May
Australia's new home sales rose by 15.2 percent month-over-month to 5,090 units in May 2021, reversing from a 54.4 percent slump in the prior month, boosted by improving market confidence, low-interest rates, and despite the absence of the federal government's HomeBuilder program, data from Housing Industry Association showed. Sales rose in Victoria (45.3 percent), South Australia (16 percent), Queensland (5.2 percent), and New South Wales (0.6 percent). In contrast, sales fell in West Australia fell by 4.1 percent.
2021-06-10

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.