“The strength in New Home Sales in recent months indicates that the boom in detached home building will continue to create strong employment opportunities into the second half of 2022,” stated HIA Economist Tom Devitt.
The Housing Industry Association (HIA) is pleased to see clear confirmation in research released by the National Housing and Finance Investment Corporation (NHFIC) that the price of new homes is directly increased by the various developer charges being applied by local and state governments.
“New Homes Sales in June 2021 jumped 15.3 per cent to be 11.2 per cent higher in the quarter than the same time in 2019,” stated HIA Economist Angela Lillicrap.
“Detached building approvals fell back in May 2021 from the record level set in April but remain elevated,” stated HIA Economist, Angela Lillicrap.
“New home sales increased by 15.2 per cent in May 2021 compared to the previous month,” stated HIA Economist Tom Devitt.
Australia’s property industry has welcomed the Federal Government’s announcement of additional home ownership measures in the 2021-22 Budget.
“Figures released by the ABS today (May 26 2021) show work done on detached houses and renovations surged in the March quarter,” said Angela Lillicrap, HIA Economist.
“First home buyers accounted for 41 per cent of new loans issued over the past six months, the highest for more than a decade,” stated HIA’s Senior Economist, Nick Ward.
“New Home Sales were 39.4 per cent higher in the March 2021 quarter than the same time the previous year,” stated HIA’s Economist, Angela Lillicrap.
“The number of loans for the construction of a new dwelling rose in February marking six consecutive months of record highs,” stated HIA’s Chief Economist, Tim Reardon.