Australian new home sales declined by 7.2 percent month-over-month in July 2019, following a 12.1 percent drop in the previous month. Around the states, new home sales fell in Victoria (-12.6 percent), New South Wales (-5.6 percent), Queensland (-4.3 percent), and South Australia (-4.2 percent); but went up in Western Australia (0.6 percent). We are yet to see any material impacts from the two recent interest rates cuts in June and July or from the recent tax cuts," HIA's chief economist Tim Reardon said. "The effects of these should trickle into new home sales data over the coming months and will assist in further stabilizing the market," he added. New Home Sales in Australia averaged 8347.90 from 1999 until 2018, reaching an all time high of 20768 in March of 2001 and a record low of 4769 in August of 2018.

New Home Sales in Australia is expected to be 4400.00 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 4400.00 in 12 months time. In the long-term, the Australia New Home Sales is projected to trend around 5650.00 Units in 2020, according to our econometric models.

Australia New Home Sales
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Calendar GMT Actual Previous Consensus TEForecast
2019-05-30 04:15 AM HIA New Home Sales MoM Apr -11.8% -0.1% 0.5%
2019-07-02 01:30 AM HIA New Home Sales MoM May 28.8% -11.8% 1.6%
2019-08-01 05:00 AM HIA New Home Sales MoM Jun -12.1% 28.8% -2.5%
2019-08-29 04:00 AM HIA New Home Sales MoM Jul -7.2% -12.1% 6%
2019-10-01 01:00 AM HIA New Home Sales MoM Aug -7.2% -2%
2019-12-02 12:00 AM HIA New Home Sales MoM Oct
2020-01-01 12:00 AM HIA New Home Sales MoM Nov


Australia Housing Last Previous Highest Lowest Unit
Building Permits -9.70 -0.80 31.60 -21.80 percent [+]
New Home Sales 4237.00 4568.00 20768.00 4035.00 Units [+]
Housing Index -0.70 -3.00 6.10 -3.00 percent [+]
Home Loans 48662.00 46331.00 63242.00 17242.00 [+]
Home Ownership Rate 65.00 67.00 71.40 65.00 percent [+]
Construction Output -3.80 -2.20 17.90 -18.90 percent [+]
Construction Pmi 44.60 39.10 60.50 29.24 Index Points [+]


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. 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 - actual data, historical chart and calendar of releases - was last updated on September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
4237.00 4568.00 20768.00 4035.00 1999 - 2019 Units Monthly
SA




Country Last Previous
Australia 4237.00 Jul/19
China 72431.00 Jul/19
France 33922.00 Jun/19
Singapore 1178.00 Jul/19
Spain 8.54 Jul/19
Turkey 38931.00 Jul/19
United States 635.00 Jul/19


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