Australia's new home sales rose by 15.2 percent month-over-month to 5,090 units in May 2021, reversing from a 54.4 percent slump in the prior month, boosted by improving market confidence, low-interest rates, and despite the absence of the federal government's HomeBuilder program, data from Housing Industry Association showed. Sales rose in Victoria (45.3 percent), South Australia (16 percent), Queensland (5.2 percent), and New South Wales (0.6 percent). In contrast, sales fell in West Australia fell by 4.1 percent. source: Housing Industry Association (HIA)
New Home Sales in Australia averaged 8007.58 Units from 1999 until 2021, 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 June of 2021.
New Home Sales in Australia is expected to be 6100.00 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 5700.00 in 12 months time. In the long-term, the Australia New Home Sales is projected to trend around 5500.00 Units in 2022, according to our econometric models.