Australia's new home sales climbed 11.1 percent month-over-month in October 2021, amid a lift in consumer confidence following an end of COVID-19 lockdowns in some states in the country, data from the Housing Industry Association (HIA) showed. Sales rose the most in Victoria (29.1 percent), followed by Queensland (11.1 percent) and New South Wales (3.9 percent). By contrast, sales fell in both Southern Australia (-4 percent) and Western Australia (-2.8 percent). “Demand for new homes continues to exceed the capacity that the industry can deliver. This is evident in the volume of work approved but not yet commenced, which is at its highest level in over a decade," said HIA economist Angela Lillicrap. “The new home market is starting to find its new post-HomeBuilder equilibrium, following a rollercoaster of sales over the past 18 months with the adverse impact of lockdowns and then the HomeBuilder stimulus.” 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 December 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


Calendar GMT Actual Previous Consensus TEForecast
2021-10-12 07:00 AM Sep 2.3% 5.8% -2%
2021-11-09 05:30 AM Oct 11.1% 2.3% 3%
2021-12-14 12:00 AM Nov 11.1%


Related Last Previous Unit Reference
New Home Sales 5590.00 5030.00 Units Oct/21

News Stream
Australia New Home Sales Jump 11.1% MoM: HIA
Australia's new home sales climbed 11.1 percent month-over-month in October 2021, amid a lift in consumer confidence following an end of COVID-19 lockdowns in some states in the country, data from the Housing Industry Association (HIA) showed. Sales rose the most in Victoria (29.1 percent), followed by Queensland (11.1 percent) and New South Wales (3.9 percent). By contrast, sales fell in both Southern Australia (-4 percent) and Western Australia (-2.8 percent). “Demand for new homes continues to exceed the capacity that the industry can deliver. This is evident in the volume of work approved but not yet commenced, which is at its highest level in over a decade," said HIA economist Angela Lillicrap. “The new home market is starting to find its new post-HomeBuilder equilibrium, following a rollercoaster of sales over the past 18 months with the adverse impact of lockdowns and then the HomeBuilder stimulus.”
2021-11-09
Australia New Home Sales Rise 2.3% MoM
Australia's new home sales rose by 2.3 percent month-over-month in September 2021, amid a lift in consumer confidence following an end of COVID-19 lockdowns in some states in the country, data from the Housing Industry Association (HIA) showed. Home sales have remained resilient since the end of the HomeBuilder in March and are stronger compared to 2018 and 2019, which pre-date both the pandemic and the scheme, said HIA economist Tom Devitt. He added that the boost in home building will flow through to H2 2022. On a quarterly basis, new home sales gained 7.4 percent.
2021-10-12
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
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.