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“New home sales in Victoria declined by 27.4 per cent in May, the largest monthly decline of all the large states,” stated HIA Executive Director, Keith Ryan.
“This poor result for May reflects a loss of confidence rather than a deterioration in the underlying demand for housing,” stated HIA Chief Economist Tim Reardon
The Victorian Government's Working from Home Bill has become available, and proposed buyer protection laws have undergone some changes.
On 15 January 2026, penalties for non-compliance were increased under the Building Work Contractors Act 1995, Fair Trading Act 1987, and the Plumbers, Gas Fitters and Electricians Act 1995. The reforms also introduced new offences including undertaking, or engaging others to undertake, unlicensed work.
“New home sales in Victoria declined by 27.4 per cent in May, the largest monthly decline of all the large states,” stated HIA Executive Director, Keith Ryan.
“This poor result for May reflects a loss of confidence rather than a deterioration in the underlying demand for housing,” stated HIA Chief Economist Tim Reardon
The Victorian Government's Working from Home Bill has become available, and proposed buyer protection laws have undergone some changes.
On 15 January 2026, penalties for non-compliance were increased under the Building Work Contractors Act 1995, Fair Trading Act 1987, and the Plumbers, Gas Fitters and Electricians Act 1995. The reforms also introduced new offences including undertaking, or engaging others to undertake, unlicensed work.