The HIA New Home Sales Report, a survey of Australia’s largest volume builders, reveals that while sales volumes are off their peak they are still holding up relatively well.
The latest update – for October 2015 – reveals a decline of 3.0 per cent in total seasonally adjusted new home sales. Detached house sales fell by 4.1 per cent while the sale of ‘multi-units’ notched up a 1.0 per cent gain.
In the month of October 2015 detached house sales declined in four out of the five the mainland states. Detached house sales fell by 9.3 per cent in Victoria, 5.4 per cent in Western Australia, 0.9 per cent in Queensland and 0.8 per cent in New South Wales. Detached house sales increased by 2.6 per cent in South Australia.
