The HIA survey of Australia’s largest volume builders showed that for the month of December 2014, total seasonally adjusted new home sales fell by 1.9 per cent, reflected a drop of 9.2 per cent in ‘multi-unit’ sales and a flat result for detached house sales. Sales increased by 4.9 per cent in the December quarter and the number of sales in 2014 was 14.4 per cent higher than in 2013.
In the final month of 2014 detached house sales increased by 2.8 per cent in Western Australia and by 2.6 per cent in Queensland. Detached house sales declined by 5.3 per cent in South Australia, 2.6 per cent in Victoria and 1.4 per cent in New South Wales. During the December 2014 quarter, sales increased by 13.4 per cent in Western Australia, 11.6 per cent in Queensland and 2.7 per cent in Victoria. Meanwhile, sales declined by 10.3 per cent in New South Wales and by 7.5 per cent in South Australia.
