The HIA New Home Sales Report, a survey of Australia’s largest volume builders, recorded its fifth rise in six months in June 2015. Total seasonally adjusted new home sales increased by 0.5 per cent in June. Detached houses drove the modest increase in new home sales with a 1.7 per cent rise offsetting a 2.9 per cent decline in the sale of multi-units.
The HIA say New South Wales and Victoria continue to display upward momentum in detached house sales, but the other three mainland states are heading in the opposite direction. In the month of June 2015 detached house sales increased by 3.5 per cent in NSW, 1.5 per cent in Victoria, and 4.2 per cent in Queensland. Detached house sales fell by 2.0 per cent in South Australia in June, while in Western Australia sales eased by 0.9 per cent. In the June 2015 quarter detached house sales increased by 7.9 per cent in NSW and 0.6 per cent in Victoria. Sales fell for the quarter in Queensland (-7.0 per cent), SA (-10.2 per cent), and WA (-3.1 per cent).
