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.