Housing industry insights
Advocacy & policy
News & inspiration
Support & guidance
Member perks
Industry insurance
For your business
Apprentices
Building it right
Building materials & products
Managing your business
Managing your safety
Building your business
Other subjects
A rewarding career
Study with us
A job in the industry
Grow with us
Our podcasts
Our initiatives
Get involved
Awards
Awards winners
Industry events
Most popular products
Top categories
For your business
{{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 locationStable conditions boost new home sales in 2024
Stable conditions boost new home sales in 2024
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 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.
“Interest rate stability, low levels of unemployment, strong population growth and improvements in real wages helped boost new home sales from its trough, increasing by 8.2 per cent in 2024,” added Mr Tapang.
“It is now almost fifteen months since the RBA last raised interest rates. New home buyers are slowly returning to market amid expectations of rate cuts this year.
“The recent rise in new home sales has also been geographically dispersed, driven by those markets outside of the two largest states, New South Wales and Victoria.
“Western Australia was the first market to see a notable increase in new home sales last year, with a slowdown in sales in 2024 coming as a result of capacity constraints.
“Queensland and South Australia followed, recording the strongest growth in new home sales across all markets in 2024, off their troughs in the previous year.
“The volume of new homes sold in Victoria was virtually unchanged in 2024 compared to the previous year. Sales in Victoria have yet to pick up remarkably since the pull-forward in sales in April 2024 due to regulatory changes.
“New South Wales recorded an 11.8 per cent increase in the 2024 calendar year, albeit from very low levels in 2023 when sales fell by more than 50 per cent.
“The high cost of residential land, particularly in Sydney, is preventing New South Wales from seeing a stronger increase in new home sales despite ongoing population growth and acute shortages of housing.
“The recent increase in new home sales in most markets is beginning to trickle through to approvals data, with 109,610 houses approved nationally in the most recent twelve months.
“With new home sales and detached house approvals picking up in 2024, the improvement in the volume of new homes commencing construction is likely to be sustained, progressing further into 2025,” concluded Mr Tapang.
“New home sales in Queensland rose by 40.6 per cent in the 2024 calendar year, the strongest increase across all markets. This was followed by South Australia (+25.8 per cent) and New South Wales (+11.8 per cent). Sales in Victoria were virtually unchanged (-0.6 per cent), while Western Australia recorded a 7.1 per cent decline in sales in 2024.
Download our HIA New Home Sales Report
Private New House Sales - Australia (seasonally adjusted)
For more information please contact:
New rules add thousands to the cost of a new home as Tasmania falls years behind on housing
From today, every new home built in Tasmania must meet the full Livable Housing Design requirements. The Housing Industry Association says this adds thousands of dollars to the cost of building a home, at a time when Tasmanians can least afford it.
Rules for managing the risk of falls have changed - are you up to date?
Changes to Western Australia's requirements for managing the risks of falls will commence on 1 October 2026, introducing new expectations for builders, contractors and workers undertaking tasks where there is a risk of falling.
Livable Housing Design: final stage now in force
As of today, 1 October 2026, all new building work in Tasmania, unless exempt, must comply with all requirements of Part H8 Livable Housing Design of NCC Volume Two.
ACT housing approvals slump puts 2030 target under pressure
“The ACT’s housing supply pipeline is weakening, with building approvals in the three months to August halving compared with a year earlier,” said HIA Executive Director ACT and Southern NSW, Geordan Murray.