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{{propApi.successMessage}} {{region}} Change locationStrongest home sales for 3 years
Strongest home sales for 3 years
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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
Private New House Sales - Australia (seasonally adjusted)
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Roundtable must declare a battle on red, white and green tape
“If the Economic Reform Roundtable is serious about developing meaningful and lasting change to boost productivity and the economy, then the number one priority must be on cutting the excessive regulation that is crippling businesses,” said HIA Managing Director, Jocelyn Martin.
Investors vital to increasing housing supply
“Investors were responsible for 41 per cent of new homes financed for construction in the past year,” stated HIA’s Chief Economist, Tim Reardon.
Home building gaining momentum
“The RBA delivered the third rate cut of this easing cycle, bringing their benchmark cash rate down from 3.85 per cent to 3.6 per cent,” stated HIA Senior Economist Tom Devitt.
Have your say on the HBCA!
Following several years of advocacy by HIA, the WA Government recently announced a review of WA’s home building laws, including the Home Building Contracts Act 1991 (HBCA).