The latest result for the HIA New Home Sales Report, a survey of Australia’s largest volume builders, shows strong growth in March 2015, taking sales volumes to their highest level since early 2010. Total seasonally adjusted new home sales increased by 4.4 per cent in the month of March, with an 11.3 per cent rise in multi-unit sales and a 2.6 per cent rise in detached house sales.
In March 2015 private detached house sales increased by 5.9 per cent in Victoria, 4.2 per cent in New South Wales and also 4.2 per cent in Western Australia. Private detached house sales declined by 5.8 per cent in South Australia and by 2.3 per cent in Queensland. In the March 2015 quarter, detached house sales increased in Victoria (+5.2 per cent) and Queensland (+4.3 per cent). Elsewhere sales declined: in WA (-6.4 per cent), NSW (-3.6 per cent) and SA (-1.4 per cent).
