{{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:
NSW Workers carrying out high risk silica work must now be registered
From this Wednesday (1 October) you will need to register the details of your workers who undertake high-risk silica processing activities on the Silica Worker Register (the register).
Proposed Working from Home Legislation
HIA provided feedback on the Victorian Government’s proposals to legislate a right for employees to work from home (WFH).
Home building heats up in Tassie
The Housing Industry Association (HIA) has released its annual Housing 100 Report, revealing a significant upswing in Tasmania’s residential construction activity.
New plan needed to tackle apprentice dropout rates
The Housing Industry Association (HIA) has warned the current approach to training won’t get Australia to its 1.2 million housing target, on the back of data from the National Centre for Vocational Education and Training (NCVER) showing a decline in the number of construction apprentices in training.