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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.
“The strength of the January result confirms that the recovery in detached housing demand is broad based and ongoing,” added Mr Tapang.
“Sales in the three months to January were flat compared to the previous quarter but remained 26.2 per cent higher than in the same quarter a year earlier.
“This result reflects the impact of the interest rate cuts delivered through 2025, rising established dwelling prices, low levels of unemployment and continued population growth.
“Importantly, these sales were recorded prior to the February 2026 rate increase and therefore do not reflect any direct impact from that decision.
“The February rate increase introduces a degree of uncertainty for the months ahead. However, borrowing capacity remains stronger than it was a year ago and the current level of sales indicates that commencements of new homes should also continue to grow.
“Population growth and low levels of unemployment continue to create demand for housing forcing established prices higher and creating demand for new homes. These factors have created broad based demand for new housing.
“Over the last twelve months, sales across all five states have increased. The data suggests some degree of capacity easing in Western Australia, while sales in Queensland and South Australia continue to grow.
“New South Wales and Victoria, which have lagged in this cycle, are finally showing an increase in their volume of new home sales and supporting the growth nationally,” concluded Mr Tapang.
Victoria recorded the strongest monthly increase, up by 33.2 per cent in January 2026. This was followed by South Australia with a 22.9 per cent increase, ahead of Queensland (+18.2 per cent), Western Australia (+6.9 per cent) and New South Wales (+2.6 per cent).
The Housing Industry Association (HIA) is calling on the Tasmanian Government to reaffirm its commitment to introduce Development Assessment Panels (DAPs) policy, following statements from the Minister for Housing and Planning at yesterday’s Budget Estimates hearings.
“The Housing Industry Association (HIA) is urging the Senate to amend the Government’s proposed negative gearing and capital gains tax changes, raising concerns about their impact on the housing market and putting forward amendments to improve the flawed policy, including broadening the definition of new homes.
As the 2025/26 financial year draws to a close, now is the time to get your business ready for tax time and the changes coming from 1 July 2026.
The Housing Industry Association (HIA) is calling on the Victorian Government to withdraw proposed legislation that will expose home builders to fines over $10,000 if they fail to get the right paperwork to their client before conducting extra building work the client has asked them to do.