Australian new home sales increased by 28.8 percent month-over-month in May 2019, the most in over a year, following a 11.8 percent drop in a month earlier. The improvement in new home sales was boosted by confidence following the end of the Federal election, with banks starting to lend again, as well as lower interest rates and an expectation that APRA will implement reforms to mortgage lending guidelines. Across the regions, new home sales jumped in all four major states: New South Wales (54.2 percent), Western Australia (34 percent), Queensland (26 percent), Victoria (25.3 percent), and South Australia (0.9 percent). 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 4200.00 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 5200.00 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
Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2019-04-01 12:30 AM HIA New Home Sales MoM Feb 1.0% -1.8% -3.8%
2019-05-02 03:00 AM HIA New Home Sales MoM Mar -0.1% 1% 1.2%
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%
2019-09-02 01:00 AM HIA New Home Sales MoM Jul
2019-10-01 01:00 AM HIA New Home Sales MoM Aug
2019-12-02 12:00 AM HIA New Home Sales MoM Oct

Australia Housing Last Previous Highest Lowest Unit
Building Permits 0.70 -3.40 31.80 -21.80 percent [+]
New Home Sales 5198.00 4036.00 20768.00 4036.00 Units [+]
Housing Index -3.00 -2.40 6.10 -3.00 percent [+]
Home Ownership Rate 65.00 67.00 71.40 65.00 percent [+]
Construction Output -1.90 -3.10 17.80 -18.90 percent [+]
Construction Pmi 43.00 40.40 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 July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
5198.00 4036.00 20768.00 4036.00 1999 - 2019 Units Monthly

Country Last Previous
Australia 5198.00 May/19
China 61345.00 Jun/19
France 30863.00 Mar/19
Singapore 735.00 Apr/19
Spain 8.31 May/19
Turkey 33765.00 May/19
United States 626.00 May/19