Australia's Housing Industry Association (HIA)
Commentary (in brief) via HIA:
- New home sales higher for the second consecutive month
- Geographic variations continue to persist across Australia's different housing markets with substantial reductions in new detached house sales occurring in several states during the month
- "The results for May again demonstrate how stark the differences currently are across Australia's markets. Very robust increases in new house sales occurred in Queensland and New South Wales during May, in contrast to Victoria and WA where sharp contractions were experienced during the month. "
- During the month of May 2017, total new home sales increased by 1.1 per cent. This was helped by a 2.2 per cent increase in new detached house sales although multi-unit sales were down by 2.6 per cent during the month. Queensland experienced the largest increase in new detached house sales during the month (+31.1 per cent) followed by NSW (+16.8 per cent). The largest reduction in sales occurred in South Australia (-15.6 per cent). Reductions also affected the markets of Victoria (-14.7 per cent) and Western Australia (-3.4 per cent).
