Australia's new home sales rose 3.6 percent from a month earlier in August 2020, rebounding from a 10.9 percent fall in the previous month, data from Housing Industry Association showed. Home sales in New South Wales jumped by 11.7 percent for the month and in Western Australia increased 11.4 percent due to a combination of state and Australian Government programs and pent-up demand for housing. On the other hand, sales in Victoria slumped 14.4 percent as the restrictions on travel and trade due to a resurgence of COVID-19 cases impacted sales.

New Home Sales in Australia averaged 8038.95 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 October of 2020. source: Housing Industry Association (HIA)

New Home Sales in Australia is expected to be 5900.00 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 6100.00 in 12 months time. In the long-term, the Australia New Home Sales is projected to trend around 5700.00 Units in 2021 and 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
5978.00 5772.00 20768.00 3647.00 1999 - 2020 Units Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2020-06-17 12:00 AM HIA New Home Sales MoM May -4.2% -1.1% -0.5%
2020-07-15 12:00 AM HIA New Home Sales MoM Jun 87.2% -4.2% -1.5%
2020-08-14 12:00 AM HIA New Home Sales MoM Jul -10.9% 77.6% 60%
2020-09-16 12:00 AM HIA New Home Sales MoM Aug 3.6% -10.9% -3.5%
2020-11-18 12:00 AM HIA New Home Sales MoM Oct
2020-12-16 12:00 AM HIA New Home Sales MoM Nov


News Stream
Australia New Home Sales Rebound in August
Australia's new home sales rose 3.6 percent from a month earlier in August 2020, rebounding from a 10.9 percent fall in the previous month, data from Housing Industry Association showed. Home sales in New South Wales jumped by 11.7 percent for the month and in Western Australia increased 11.4 percent due to a combination of state and Australian Government programs and pent-up demand for housing. On the other hand, sales in Victoria slumped 14.4 percent as the restrictions on travel and trade due to a resurgence of COVID-19 cases impacted sales.
2020-09-16
Australia New Home Sales Rebound Sharply in June
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).
2020-07-15
Australia New Home Sales Fall for 3rd Month
Australia's new homes sales fell 4.2 percent from a month earlier in May 2020, after a 1.1 percent decrease in April, data from Housing Industry Association showed. The decline in new home sales was mainly due to a fall in consumer confidence with households cancelling or delay housing purchase decisions given the uncertainty in the economy. New home sales fell by 20.3 percent in the three months to May 2020 compared to the previous three months. By jurisdiction, South Australia declined the most, falling by 31.7 percent in the three months to May 2020, followed by New South Wales (-25.3 percent), Western Australia (-19 percent), Queensland (-18.7 percent) and Victoria (-16.5 percent).
2020-06-17
Australia New Home Sales Fall the Most since 2001
Australia's new homes sales dropped 23.2 percent from a month earlier in March 2020, after rising 6.2 percent in the previous month, data from Housing Industry Association showed. This was the largest monthly decline since August 2001, amid the coronavirus crisis. Western Australia was the worst hit this month (-31.6 percent), followed by New South Wales (-26.1 percent), Queensland (-24.1 percent), South Australia (-21.1 percent) and Victoria (-16.9 percent). Considering the first quarter of the year, new home sales fell 0.9 percent compared to the same period of 2018.
2020-05-01

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.