New home sales show another lift


New home sales show another lift

Posted on Monday, June 01 2015 at 12:00 PM

The latest result for the Housing Industry Association (HIA) New Home Sales Report, a survey of Australia’s largest volume builders, reveals a fourth consecutive monthly rise.

homes sales have increased in each of the first four months of 2015,” HIA chief
economist Harley Dale says.

the rise of 0.6 per cent in April was the slowest growth pace of the four
months, this is still a strong result off the back of a healthy March quarter.”

April result for total seasonally adjusted new home sales comprised two small
gains – 0.4 per cent for detached house sales and 0.9 per cent for multi-unit

profile for new home sales in 2015 is consistent with a new home building cycle,
where further upward momentum resides largely in the ‘multi-unit’ sector and
where the eastern seaboard states are driving the further growth,” Dale says.

terms of detached house sales, both NSW and Victoria posted monthly gains in
April (as did Western Australia), although Queensland recorded a disappointing
decline. Sales in South Australia continued to weaken and are at an 18-month

two states to post gains in detached house sales over the three months to April
2015 were NSW and Victoria,” Dale adds.

April 2015, private detached house sales increased by 7.2 per cent in NSW, by
2.7 per cent in Victoria, and by 0.9 per cent in Western Australia. Private
detached house sales dropped by 9.0 per cent in Queensland and were down by 1.9
per cent in South Australia.

the April 2015 ‘quarter’, detached house sales increased in NSW (+0.5 per cent)
and Victoria (+7.4 per cent), but declined in SA (-4.7 per cent), Queensland
(-4.4 per cent) and WA (-1.6 per cent).

profile is broadly consistent with HIA’s forecasts for detached house
commencements, with the exception of Queensland, which is looking weaker than anyone
was expecting.


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