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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.
“This is the strongest performance for new home sales in almost three years,” added Mr Reardon.
“The rise in sales reflects the impact of two cuts to the cash rate this year and EOFY incentives that have been on offer given the competitive nature of the home building market.
“The increase in new home sales is supported by low levels of unemployment, recovering real wages and elevated housing demand from ongoing population growth.
“Sales of new homes are higher in all states in the three months to June compared to the previous quarter, despite a drop in sales in the most recent month in New South Wales, Victoria and Western Australia.
“Despite this increase the volume of sales in New South Wales and Victoria remain very low with elevated land costs holding back Australia’s largest states for longer than the more affordable states.
“Sales increased in the month of June in Queensland and South Australia to push them to multi-year highs.
“Western Australia’s builders continue to be constrained by labour shortages, preventing them from taking on more work despite ongoing strong demand for housing. The ongoing $10,000 incentive for construction workers to relocate to Western Australia attempts to resolve this issue.
“Despite expected further cuts to the cash rate and a recovery in market confidence, there remains a shortage of housing in Australia due to the tax and regulatory barriers to increasing supply,” concluded Mr Reardon.
All states had increased new home sales in the June quarter 2025 compared to the previous quarter led by Victoria (+27.7 per cent). This was followed by Queensland (+26.2 per cent), Western Australia (+11.3 per cent), South Australia (+9.9 per cent) and New South Wales (+9.3 per cent).
Download latest HIA New Home Sales Report
The Housing Industry Association (HIA) joined senior leaders in Hobart today for a tripartite Tasmanian economic roundtable aimed at unlocking productivity across a range of Tasmanian industry sectors, with building and construction heavily featured.
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.
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.
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.