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).

New Home Sales in Australia averaged 8128.77 Units from 1999 until 2020, reaching an all time high of 20768 Units in March of 2001 and a record low of 4035 Units in April of 2019. 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 July of 2020. source: Housing Industry Association (HIA)

New Home Sales in Australia is expected to be 4100.00 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 4500.00 in 12 months time. In the long-term, the Australia New Home Sales is projected to trend around 4900.00 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
3647.00 3805.00 20768.00 3647.00 1999 - 2020 Units Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2020-03-03 12:00 AM HIA New Home Sales MoM Jan 5.7% 2% -3.1%
2020-03-31 01:00 AM HIA New Home Sales MoM Feb 6.2% 5.7% -1.9% -3%
2020-05-01 12:00 AM HIA New Home Sales MoM Mar -23.2% 6.2% -8%
2020-06-17 12:00 AM HIA New Home Sales MoM May -4.2% -1.1% -0.5%
2020-08-19 12:00 AM HIA New Home Sales MoM Jul
2020-09-16 03:00 AM HIA New Home Sales MoM Aug
2020-11-18 12:00 AM HIA New Home Sales MoM Oct
2020-12-16 12:00 AM HIA New Home Sales MoM Nov
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
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 Accelerate in January
Australia's new homes sales rose 5.7 percent from a month earlier in January 2020, accelerating from a 2 percent rise in the previous month, data from Housing Industry Association showed. Most states saw the number of new home sales in January increase, led by Western Australia, Victoria and Queensland. However, the HIA warned that international factors are likely to impact on the volume of home building in Australia over the medium term, as the effects of the trade and tourism restrictions with China pose a material downside risk to the housing market.
2020-03-03
Australia New Home Sales Unexpectedly Fall
Australia's new homes sales fell 0.5 percent from a month earlier in October 2019, after increasing 5.7 percent in the previous month and missing market expectations of a 6.6 percent gain, data from Housing Industry Association showed. Sales dropped in Victoria (-1.2 percent); South Australia (-1 percent); and New South Wales (-4.8 percent); while rose in Queensland (5.7 percent) and were relatively flat in Western Australia.
2019-11-29

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.