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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.
“Despite the fall in April, new home sales in the first few months of 2022 remain exceptionally strong and marginally higher than in the same period last year,” added Mr Devitt.
“The strong demand for new homes indicates the depth of the shortage of housing and the significant change in household formation rates, due to the pandemic.
“These strong sales are ensuring that the volume of home building and demand for skilled workers will remain strong at least until the end of 2023,” concluded Mr Devitt.
Western Australia and Victoria were the only states that saw an increase in new home sales in the month of April, up by 8.8 per cent and 4.0 per cent respectively. South Australia saw a decline of 2.0 per cent, followed by Queensland (-9.0 per cent) and New South Wales (-9.4 per cent).
For the last three months, compared to the same quarter last year, sales in New South Wales were up by 11.1 per cent. This was followed by declines in Victoria (-4.2 per cent), Queensland (-14.3 per cent), Western Australia (-15.9 per cent) and South Australia (-42.8 per cent).
Today, HIA has released a report commissioned from the Centre for International Economics (CIE) on Taxation of the Housing Sector. This Report is an update to the work undertaken in 2019.
Today, HIA released its Taxation of the Housing Sector (2025) Report, which is an update on the 2019 Report.
Today, HIA has released a report commissioned from the Centre for International Economics (CIE) on Taxation of the Housing Sector.
The Housing Industry Association (HIA) takes this opportunity to respond to the Discussion Paper (Paper) on the review of Contracts and Covenants released by the Office of Registrar General on 22 January 2025. The Paper explores potential reforms to laws governing off-the-plan contracts and covenants.