Australia's new home sales soared 90.3 percent month-over-month to the highest since 2004 of 9,691 units in March 2021, after a 22.9 percent growth a month earlier, boosted by the HomeBuilder scheme, along with low-interest rates changing population dynamics and improving market confidence, data from Housing Industry Association showed. Sales rose in all states and territories: New South Wales (38.2 percent vs 2.1 percent in February), Victoria (102.9 percent vs 48.4 percent), Queensland (187.5 percent vs 7 percent), South Australia (217.3 percent vs -11.1 percent), and West Australia (2.8 percent vs 41.1 percent). Over the year to March, sales were 42.6 percent higher than the previous year, which was mostly prior to the impacts of COVID-19. source: Housing Industry Association (HIA)
New Home Sales in Australia averaged 8015.05 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 May 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.