{{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 fell in November
New home sales fell in November
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.
“Nationally, new home sales fell by 10.1 per cent in the month of November, offsetting the strong 8.8 per cent rise in sales in October,” added Mr Tapang.
“All indicators show an improvement in market confidence through the course of 2024. It is now more than twelve months since the last rate rise and leading indicators of building activity, including new home sales, suggest a modest improvement in the volume of new homes commencing construction is likely to emerge in 2025.
“New home sales in the last twelve months to November were 8.2 per cent higher than in the previous year. This improvement is from a very low base.
“Stabilising home building materials costs, a return to normal build timeframes, low unemployment and unchanged cash rate settings have provided the certainty that new home buyers need.
“The rise in sales has been geographically dispersed, with markets such as Queensland, South Australia and Western Australia faring better than the two largest states.
“This comes as these markets continue to experience stronger than usual population growth. Interstate migration into Queensland and Western Australia in particular remains strong.
“Rising new home sales has also been flowing through housing approvals data, particularly in Western Australia where sales have begun increasing in late 2023 and early 2024.
“As the volume of established homes available for purchase and rent remains inadequate to service growing demand, buyers are increasingly returning to the new home market,” concluded Mr Tapang.
“Sales in South Australia in the three months to November 2024 rose by 31.8 per cent compared to the same time in the previous year. This was followed by Queensland (+19.7 per cent) and Victoria (+0.8 per cent). Sales in Western Australia in the three months to November 2024 fell by 29.1 per cent compared to the previous year, followed by New South Wales (-7.3 per cent).
Private New House Sales - Australia (seasonally adjusted)
For more information please contact:
HIA urges action to back Australian building product manufacturers
HIA is calling on the Federal Government to act urgently to support Australia’s building product manufacturers and suppliers, an industry worth more than $130 billion and critical to the delivery of new housing across the country,” HIA Managing Director, Jocelyn Martin said today.
Amendment NCC 2022 published to align with the Premises Standards
With the delay to decisions on the content of NCC 2025, the ABCB has published a further amendment to the current NCC 2022 which applies from 29 July 2025. The purpose of this minor amendment is to align the NCC with recent changes to the Premises Standards which apply to Class 3 to 9 public buildings, common areas of Class 2 apartment buildings and short-term accommodation
Industry leaders call for free access to Standards to help alleviate costs for small business
“HIA alongside a group of construction leaders and Standards Australia came together today at Parliament House, to present a united front in getting easier access to Australian Standards in the hands of those who need them most,” said HIA Managing Director, Jocelyn Martin.
HIA calls for a comprehensive red tape reduction agenda
HIA has made a comprehensive suite of submissions to the Productivity Commission ahead of the upcoming Treasurer’s Economic Reform Roundtable on 19-21 August.