{{propApi.title}}
{{propApi.text}} {{region}} Change location{{propApi.title}}
{{propApi.successMessage}} {{region}} Change location {{propApi.title}}
{{propApi.text}} {{region}} Change location{{propApi.title}}
{{propApi.successMessage}} {{region}} Change locationRate rises bite sale of new homes
Rate rises bite sale of new homes
Member and guest login
Enter your email and password to access secured content, members only resources and discount prices.
Did you become a member online? If not, you will need to activate your account to login.
If you are having problems logging in, please call HIA helpdesk on 1300 650 620 during business hours.
Forgotten password
Need some help?
If you are having problems logging in, please call HIA helpdesk on 1300 650 620 during business hours.
If the email address you have entered is registered, you will receive an email with further instructions.
Become part of the HIA community
Enables quick and easy registration for future events or learning and grants access to expert advice and valuable resources.
Create a guest account
Enter your details below and create a login
Send me exclusive tips, early access to new launches, and special offers. I can change my mind at any time.
By clicking Get started now you agree to the terms and conditions and privacy policy.
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.
“The rise in the cost of borrowing will compound the impact of the rapid increase in the cost of building a new home that occurred due to the constraints on global supply chains,” added Mr Reardon.
“The full impact of the rate increases will continue to flow through as an adverse impact on the sale of new homes for at least the next few months.
“This slowdown is consistent with reports from builders over recent months which have seen the number of people visiting display sites and making enquiries slowing since the first increase in the cash rate in May.
“If this decline in sales is sustained, which is expected, then the 1.75 per cent increase in the cash rate so far, will have brought this pandemic building boom to an end.
“There remains a significant volume of work under construction and approved-but-not-yet-commenced that will provide a buffer for the industry and ensure building activity and demand for skilled trades remains exceptionally strong through the rest of 2022 and into 2023.
“There remains a risk, however, that the adverse impact of rising rates on the wider economy will be obscured by this volume of ongoing work and that the RBA goes too far, too soon,” concluded Mr Reardon.
All of the major states saw a decline in new home sales in July, led by Queensland (-15.5 per cent) and New South Wales (-15.3 per cent), followed by Western Australia (-13.5 per cent), Victoria (-11.1 per cent) and South Australia (-9.7 per cent).
Compared to the same month in 2019, however, most of the states were still up, led by Queensland (+34.0 per cent), Victoria (+17.8 per cent), New South Wales (+12.8 per cent), and Western Australia (+8.2 per cent). South Australia saw the only decline over this period, down by 9.9 per cent.
Private new house sales - Australia (Seasonally adjusted)
For more information please contact:
New Form 26 and inspection record procedures for building surveyors
The Victorian government has introduced new rules for building surveyors including a new Form 26 and the requirement to lodge inspection records with councils. These new rules commence today - 1 September 2026.
Taxes delay Victorian home building recovery
“The fallout from recent federal changes to housing taxation and investment settings will see Victoria’s home building recovery delayed at least another year,” said HIA Executive Director, Keith Ryan.
Queensland housing recovery delayed as demand outstrips supply
Queensland’s housing market remains caught between strong underlying demand for homes and near-term economic conditions that are slowing new residential construction, according to Housing Industry Association Executive Director Queensland, Michael Roberts.
SA Building Women Awards Winners
Discover the winners of the 2026 HIA SA Building Women Awards, recognising outstanding leadership, innovation, professionalism and achievement in construction.