{{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 rise in February
New home sales rise in February
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.
“Despite the increase in February, sales remain around the low levels that prevailed in the second half of 2023,” added Mr Reardon.
“The slowdown in sales is caused primarily by the rise in the cash rate which has eroded the capacity of households to borrow and impaired market confidence.
“The slowing in sales and building approvals will flow through to a decade low volume of new houses commencing construction in 2024. The economic impact of this slowdown will become increasingly evident in 2024, as employment in the home building industry falls.
“The higher borrowing costs are compounding the elevated cost of land and construction, drying up the pipeline of new home building work despite the significant pent-up demand for housing.
“The increase in sales in February was observed in most of the large states. Given the weakness of January data, it is not all too surprising to see an uptick in February,” concluded Mr Reardon.
New home sales saw a monthly increase in most large states, led by Queensland (+8.4 per cent), followed by New South Wales (+6.5 per cent), Victoria (+6.3 per cent) and Western Australia (+5.0 per cent). South Australia saw a 5.5 per cent decline in February.
Sales in the three months to February 2024 were stronger compared to the previous year in Western Australia (+39.9 per cent), Queensland (+20.4 per cent) and New South Wales (+16.0 per cent). Declines were recorded in Victoria (-7.7 per cent) and South Australia (-13.9 per cent).
Private New House Sales - Australia (seasonally adjusted)
Future Fund could boost supply of new apartments
“An investment in new home building from the Future Fund would support increasing housing supply and could be used to overcome structural barriers to increasing the supply of new apartments which are vital to addressing Australia’s housing shortages,” stated Jocelyn Martin, HIA Managing Director.
Geraldton hosts First Bricklaying Job Ready Program
HIA is proud to support the first Bricklaying Job Ready program in Geraldton that commenced on 4 November this year. The program has come as the result of hard work and collaboration from Brick & Block careers, Central Regional TAFE and the Western Australian Government.
HIA - Productivity Commission Inquiry into Home Building
Classic Constructions wins Home of the Year
The Housing Industry Association (HIA) in the ACT & Southern NSW has announced the year’s winning homes, kitchens and bathrooms on Saturday 16 November, celebrating exceptional builds across the region.