{{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 locationNew Home Sales Volumes Remain Low
New Home Sales Volumes Remain Low
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
The HIA New Home Sales report is a monthly survey of the largest volume home builders in the five largest states and is a leading indicator of future detached home construction.
“The spike in sales that emerged in September, caused by regulatory changes in NSW, was more than reversed in October,” added Mr Devitt.
“Buyers rushed to get ahead of NSW regulations that will add significantly to the cost of a new home, causing an extraordinary spike in sales in the state in September.
“This drawing forward of home purchasing decisions is anticipated to continue weighing on sales over coming months.
“The sales performance in October was consistent with the weakness observed throughout 2023 and will see new house starts continue to decline.
“Interest rates continue to weigh on confidence, with the industry headed for its weakest year of new house commencements in over a decade.
“The RBA’s November decision to continue the steepest hiking cycle in a generation, risks further deepening and prolonging this trough in home building.
“This coincides with Australia’s deepening housing crisis, with record population growth and acute rental shortages reflecting the need for a strong pipeline of new housing supply.
“Increasing the supply of homes will require policymakers to help lower the cost of building. This means reforms to tax, land release and planning, and loosening macro-prudential rules that squeeze out owner-occupiers and investors alike,” concluded Mr Devitt.
New home sales across Australia in the three months to October fell by 5.8 per cent compared to the same quarter in the previous year. By jurisdiction, sales were similarly down in South Australia (-20.1 per cent), New South Wales (-17.4 per cent), Queensland (-15.0 per cent) and Victoria (-13.8 per cent). Sales in Western Australia increased by 42.2 per cent compared to the same three-month period in 2022.
Private New House Sales - Australia (seasonally adjusted)
HIA appoints new Executive Director for Tasmania
The Housing Industry Association (HIA) is pleased to announce the appointment of Benjamin Price as its new Executive Director for Tasmania,” HIA Managing Director, Jocelyn Martin announced today.
Red tape, innovation and skills key issues for housing roundtable
The Housing Industry Association (HIA) will join senior industry leaders in Melbourne this week for a national roundtable convened by the Hon Clare O’Neil MP, Minister for Housing, Minister for Homelessness and Minister for Cities, focused on unlocking productivity across the housing sector.
Potential amendments to the Biodiversity Conservation Regulation 2017
HIA has consulted with its members who are active in land development in Regional NSW to provide comments on the Consultation paper and those comments are presented in this submission letter.
Plans for Independent Planning Advisory Service shelved
The Housing Industry Association (HIA) has welcomed the news that the ACT Government has abandoned plans to introduce the Independent Planning Advisory Service (IPAS).