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.