{{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 locationCash rate continues to impede housing supply
Cash rate continues to impede housing supply
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 cash rate over the past year has seen a significant decline in the volume of new homes sales. This will result in the least number of new homes commencing construction for more than a decade in 2024,” added Mr Reardon.
“The last year has seen the impact of a 4 per cent increase in the RBA’s cash rate filter through to the new home market, compounding the impact of soaring construction costs across the industry.
“A significant number of existing projects are also being cancelled, as buyers find themselves unable to obtain finance after interest rates and construction costs continued upwards since they signed the contract.
“This lack of new work entering the pipeline will result in fewer projects being commenced, and the volume of work under construction shrinking rapidly from late this year.
“This will occur at the same time that Australia has a pre-existing shortage of housing, and overseas workers and students return to Australia in record numbers.
“Sales in New South Wales have fallen more significantly than other regions, as the higher price of a house and land package means this market is more sensitive to changes in the cost of finance. At the other end of the spectrum, sales in South Australia and Western Australia continue to hold up despite the rise in the cash rate.
“Addressing the shortage of housing requires policymakers to stop increasing the cost of new homes through taxes and regulatory imposts. The more homes are taxed, directly or indirectly, the fewer homes will be built,” concluded Mr Reardon.
Sales of new homes in 2022/23 were down across all large states compared to the previous financial year, led by New South Wales (-56.1 per cent), and followed by Queensland (-38.5 per cent), Victoria (-31.2 per cent), Western Australia (-12.1 per cent) and South Australia (-2.8 per cent).
Private New House Sales - Australia (seasonally adjusted)
For more information please contact:
Queensland home wins HIAs highest national housing award
Mactech Constructions has been named the 2026 HIA Australian Home of the Year – the highest residential building award bestowed each year by the Housing Industry Association (HIA).
Housing Industry Association National Policy Congress Communique
The Housing Industry Association’s (HIA) National Policy Congress (NPC) met on the Gold Coast on 16 April 2026 for its annual meeting. The NPC comprises elected representatives from regions across Australia, together with the Chairs of HIA’s eight specialist committees.
HIA recognises long standing member with prestigious industry award
The Housing Industry Association (HIA) has honoured one of its most respected and long‑standing members, Graham Walker, as the 2026 recipient of the Sir Phillip Lynch Award of Excellence – acknowledging decades of outstanding service to both HIA and the broader residential building industry.
Victorian government announces new Cabinet
The Victorian Premier, Jacinta Allan, has today announced a new Cabinet following the announcement earlier this week that several long-time MPs will retire from the Ministry and the Parliament at the end of the year.