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{{propApi.successMessage}} {{region}} Change locationNew home sales strengthen in September
New home sales strengthen in September
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The HIA New Home Sales report – a monthly survey of the largest volume home builders in the five largest states – is a leading indicator of future detached home construction.
“It has been over six months since the end of HomeBuilder in March 2021 and sales have remained resilient,” added Mr Devitt.
“In the six months from April to September, New Home Sales were 9.3 per cent above the same period in 2019 and 0.8 per cent above the same period in 2018.
“On a quarterly basis too, the last three months were up by 7.4 per cent and 0.6 per cent on the same quarters in 2019 and 2018, respectively.
“These are the best years for comparison, rather than 2020, as they pre-date both the pandemic and the HomeBuilder stimulus.
“These relatively strong sales will ensure that the boost in home building flows through to the second half of 2022. When combined with the ongoing strength in renovation activity the home building sector will continue to pull the economy forward for at least the next year.
“This will continue to see high demand for skilled trades and ongoing employment opportunities in the sector into the second half of 2022,” concluded Mr Devitt.
In the six months to September 2021, Western Australia led the pack, up by 46.3 per cent compared to the same period in 2019, followed by New South Wales (+34.6 per cent), Queensland (-0.8 per cent), Victoria (-6.1 per cent) and South Australia (-13.4 per cent).
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Third party review for structural designs introduced
Northern Territory government announced that any significant and complex building work that requires building approval will need to have its structural design reviewed.
Scarcity of residential land sees prices surge
A significant increase in the price of land indicates that supply is not keeping pace with demand
Pandemic drives ‘super cycle’ of housing demand
Sales of new detached homes increased by a further 11.3 per cent in December.
Record year for new homes starts
More detached homes commenced construction in the 12 months to September 2021 than in any previous period,
Third party review for structural designs introduced
Northern Territory government announced that any significant and complex building work that requires building approval will need to have its structural design reviewed.
Scarcity of residential land sees prices surge
A significant increase in the price of land indicates that supply is not keeping pace with demand
Pandemic drives ‘super cycle’ of housing demand
Sales of new detached homes increased by a further 11.3 per cent in December.
Record year for new homes starts
More detached homes commenced construction in the 12 months to September 2021 than in any previous period,