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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.
“New home sales in the three months to August 2025 in Victoria were 6.7 per cent higher compared to the previous quarter and 23.8 per cent greater than the same period a year earlier,” added Mr Devitt.
“Strong population growth and tight labour markets across Australia had been bringing home buyers back to the market in a number of states, while shortages of affordable shovel-ready land held back the market in Victoria.
“Three cuts to the RBA’s cash rate have helped catalyse underlying housing demand in Victoria, with both new home building activity and prices in the established housing market picking up this year.
“The peak of the coming cycle will be determined by how quickly policymakers can bring shovel-ready land to market, address shortages of skilled labour and reduce tax and regulatory burdens on home builders and buyers.
“First home buyers, in particular, face significant hurdles to obtaining a mortgage and realising the dream of homeownership.
“The supply side stimulus resulting from the Australian Government’s decision to remove the requirement for mandatory Lenders’ Mortgage Insurance (LMI) for first home buyers, will boost new home sales.
“Reducing the barriers to entry for first home buyers will lead to an increase in housing supply, putting downward pressure on prices beyond the short term and increasing rates of homeownership,” concluded Mr Devitt.
Download our latest HIA New Home Sales
The NSW Government has recently announced changes to the Home Building Compensation Fund (HBCF) requirements for Class 2 building projects.
With less than one month until Victorians head to the polls, the Housing Industry Association (HIA) says both major parties have responded to growing pressure to address the state's housing shortage, announcing a range of measures that align with priorities outlined in HIA's Victorian election policy agenda.
HIA made a submission to the Industrial Relations and Other Amendment Bill 2026 which proposes to implement a number of legislative recommendations arising from the 2026 industrial relations and workers’ compensation scheme review.
The Northern Territory’s leading residential builders, designers and manufacturers gathered at Mindil Beach Resort on Friday 30 October for the 2026 HIA Northern Territory Housing and Kitchen & Bathroom Awards.