Australia's new home sales tumbled 20.5 percent month-over-month to the lowest in three months of 4,643 units in July 2021, after a 14.8 percent gain in the prior month, amid lockdowns in multiple states and eroding confidence, data from Housing Industry Association showed. Sales dropped the most in Victoria (-32.2 percent), followed by South Australia (-29.4 percent), Queensland (-25.4 percent), and New South Wales (-14.8 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 September of 2021.
New Home Sales in Australia is expected to be 6000.00 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.