{{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 locationSales remain elevated despite a November decline
Sales remain elevated despite a November decline
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.
“This monthly decline in November follows a period of very strong sales in September and October. It is normal to see volatility at the early stages of a recovery,” Mr Reardon added.
“Sales in the three months to November 2025 were 9.4 per cent higher than the previous quarter and 23.7 per cent higher than the same quarter in the previous year. These are the strongest quarterly results since the middle of 2022.
“The broader economic environment is increasingly supportive of new home building in 2026.
“The three cuts to the cash rate delivered in 2025 have improved borrowing capacity and restored confidence among buyers who had been waiting on the sidelines.
“This rise in confidence is being reinforced by strong population growth, low unemployment and rising established home prices. These factors are encouraging more households to return to the new home market.
“We are seeing enquiry levels rise and contract activity improve.
“Demand is not the challenge in this cycle. The challenge is delivering enough new homes to meet it.
“The improvement in demand is broadening geographically and is now being observed in the Sydney basin.
“This quarter’s higher volumes were supported by double digit percentage increases in New South Wales and Victoria compared to the same quarter a year earlier.
“These two markets were the slowest to respond to interest rate cuts, but both are now showing clear signs of sustained improvement.
"They will play a much larger role in driving the recovery in 2026 as home building increasingly drives economic growth nationally.
“With one in ten employed Australian’s working in the building industry, the increase in activity in 2026 will ensure that unemployment in Australia remains low.
“This is a risk for the industry as ongoing low levels of unemployment risk delaying the next cut to the cash rate.
“Queensland, Western Australia and South Australia continue to report some of the strongest underlying conditions, reflecting faster population growth and more competitive land markets.
“Land price inflation is now the single biggest factor affecting the cost of new home construction.
“In many regions, it is not interest rates that are holding back new supply, but the cost and timing of delivering serviced land. Planning delays and infrastructure bottlenecks continue to slow the release of new lots.
“If governments can reduce the cost of bringing land to market and avoid adding further taxes and charges, this recovery will strengthen and become more sustainable,” Mr Reardon said.
This month’s decline in new home sales nationally was led by a 19.7 per cent decrease in Victoria, followed by New South Wales (down 19.6 per cent), Queensland (down 13.0 per cent), South Australia (down 12.4 per cent) and Western Australia (down 11.1 per cent).
For more information please contact:
Infrastructure and housing key to unlocking Hunter and Central Coast growth
Housing Industry Association (HIA) Industry Outlook Breakfast in Newcastle and Gosford have highlighted the critical role of infrastructure, planning reform and industry support in addressing housing supply challenges across the Hunter and Central Coast regions.
Regional housing must be a priority in the 2026 Victorian election
The Housing Industry Association (HIA) is calling on all political parties contesting the November State election to make regional housing a priority, placing regional communities and their growing populations front and centre of their pre-election policy commitments.
The NSW Budget builds on existing housing supply reforms
“HIA welcomes the initiatives to support new housing announced by the Treasurer as part of today’s NSW State Budget,” said Brad Armitage HIA NSW Executive Director.
Building indemnity caps lifted to combat rising building costs
On 1 July 2026, builders will receive a 9% increase to eligibility and job profile limits for building indemnity insurance. These changes are designed to keep up with rising construction costs and are a welcome change for the industry. This is one update you don't want to overlook - keep reading to find out if you are eligible, or what you can do to opt-out.