New home sales fall in Australia to lowest level since 2012
Housing Industry Association | January 23, 2019
New home sales fell to their lowest level since 2012, down by 14.9% year on year in December, the latest figures shows. The drop in sales of new detached houses was less pronounced, down 6.7%, according to the new homes sales report from the Housing Industry Association (HIA). New South Wales was the only state where sales did not fall, they increased in December by a strong 10%. But new sales fell by 11.8% in Victoria, were down by 9.2% in both Queensland and Western Australia and fell 4% in South Australia.