Australia's new home sales jumped 15.2 percent month-over-month in November 2020, setting a new decade high and after a 1.3 fall a month earlier, data from Housing Industry Association showed. The upturn was driven by an improvement in market confidence as the economy recovered further from the COVID-19 disruption, with households hurrying to meet the initial deadlines of the HomeBuilder program, while Victoria state emerging from the stage four COVID-19 restrictions. Also, low interest rates, house price growth, and a change in consumer preferences away from apartment style living have all seen demand for detached housing rise. Many households have diverted their expenditure from travel and entertainment towards housing, including renovating their home. Sales grew in Victoria, South Australia, Western Australia, New South Wales, and Queensland. source: Housing Industry Association (HIA)

New Home Sales in Australia averaged 8020.15 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 January of 2021.

New Home Sales in Australia is expected to be 5800.00 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 5950.00 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
7054.00 6121.00 20768.00 3647.00 1999 - 2020 Units Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2020-09-16 12:00 AM HIA New Home Sales MoM Aug 3.6% -10.9% -3.5%
2020-10-15 12:00 AM HIA New Home Sales MoM Sep 3.8% 3.6% 0.5%
2020-11-18 12:00 AM HIA New Home Sales MoM Oct -1.3% 3.8% 2.5%
2020-12-17 12:00 AM HIA New Home Sales MoM Nov 15.2% -1.3% 0.8%
2021-01-19 12:00 AM HIA New Home Sales MoM Dec 15.2% 1.3%
2021-02-10 12:00 AM HIA New Home Sales MoM Jan
2021-03-09 12:00 AM HIA New Home Sales MoM Feb
2021-04-13 12:00 AM HIA New Home Sales MoM Mar


News Stream
Australia New Home Sales Surge 15.2% MoM
Australia's new home sales jumped 15.2 percent month-over-month in November 2020, setting a new decade high and after a 1.3 percent fall a month earlier, data from Housing Industry Association showed. The upturn was driven by an improvement in market confidence as the economy recovered further from the COVID-19 disruption, with households hurrying to meet the initial deadlines of the HomeBuilder program, while Victoria state emerging from the stage four COVID-19 restrictions. Also, low interest rates, house price growth, and a change in consumer preferences away from apartment style living have all seen demand for detached housing rise. Many households have diverted their expenditure from travel and entertainment towards housing, including renovating their home. Sales grew in Victoria, South Australia, Western Australia, New South Wales, and Queensland.
2020-12-17
Australia New Home Sales Drop 1.3% in October
Australia's new home sales fell 1.3 percent over a month earlier in October of 2020, following a 3.8 percent rise in the previous month, data from Housing Industry Association showed. Sales dropped in Queensland (-4.2 percent), Western Australia (-11.5 percent) and Queensland (-4.2 percent). Meanwhile, sales in Victoria rose 16.7 percent to return them to the same level experienced at the onset of the HomeBuilder program. These sales in September reflect leads and contract negotiations that commenced before stage 4 restrictions came into effect. In the seven months since restrictions were imposed in March 2020, sales are 11.8 percent higher than in 2019, due to the positive impact of HomeBuilder across the states.
2020-11-18
Australia New Home Sales Rise 3.8% MoM in September
Australia's new home sales increased 3.8 percent over a month earlier in September of 2020, following a 3.6 percent rise in the previous month, data from Housing Industry Association showed. Sales rose by 29.7 percent in South Australia, followed by Victoria (16.7 percent) reflecting leads and contract negotiations that commenced before stage 4 restrictions came into effect, and New South Wales (6.1 percent). New home sales went up 11.8 percent in the seven months after the implementation of COVID-19 restrictions due to the positive impact of the HomeBuilder program in several states.
2020-10-15
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
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.