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The HIA New Home Sales Report is a monthly survey of the largest volume home builders in the five largest states and the leading indicator of future detached home construction.
“New home sales in WA have increased again in April to be 8.6 per cent stronger than March and 37.1 per cent stronger than the previous quarter,” said Michael McGowan, HIA Executive Director WA.
“Even more encouragingly, sales are 9.8 per cent higher than the same quarter in 2022 and 40.3 per cent higher than at the depth of the pre-COVID building trough in the same quarter in 2019.
“These results show the intensity of housing demand in WA remains strong. This is a very positive sign that WA’s housing industry is on the road to recovery despite the 11 interest rate rises handed down from the RBA,” said Mr McGowan.
The HIA New Home Sales Report shows national sales of new homes increased by 6.8 per cent in April compared to the previous month. This sees sales for the three months to April stable compared to the previous three months (down by 0.4 per cent) but down by 42 .8 per cent compared to the same time the previous year.
“WA’s recovery is unique as the monthly rise in sales is consistent with longer-term trends, and an indication of the strong demand in the market,” said Mr McGowan.
“Our challenge continues to be supply, and the State Government’s budget commitments to supporting skilled migration and apprentices will help rebuild the workforce for a stronger and more sustainable residential housing industry.
“It is important that WA maintains a healthy home building market for the benefit to all Western Australians and all aspects of the Western Australian economy,” concluded Mr McGowan.
“The Housing Industry Association (HIA) is pleased to welcome Minister Andrew Giles to the HIA NT Skills Centre in Darwin, providing an opportunity to showcase the Northern Territory’s training pipeline and discuss the continued challenges facing the local residential building industry,” HIA Executive Director Northern Territory, Luis Espinoza, said today.
The Federal Government, through Housing Australia, has announced a third round of funding, in support of its commitment to the building of 1.2 million homes over the next 5 years.
The Housing Industry Association (HIA) today welcomed Premier Rockliff’s announcement of the Tasmanian Government’s next 100-day plan, which commits a suite of housing and planning reforms to fast-track new homes and cut red tape.
The Queensland Government recently announced the next phase of the ‘Building Reg Reno’ reforms, including various changes under the Queensland Building and Construction Commission and Other Legislation Amendment Bill 2025.