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.