Original article by Mackenzie Scott
The Australian – Page: 1 & 4 : 16-Sep-26

Data from the Housing Industry Association shows that sales of new home in Australia fell by 10 per cent month-on-month in August, and by 19.3 per cent in the last three months. The data is based on the HIA’s survey of major home builders across the nation’s five largest capital cities. The HIA’s chief economist Tim Reardon says the federal government’s budget changes tax have weakened market confidence at the same time that three interest rate increases have reduced household borrowing capacity and increased mortgage repayments. The HIA data also shows that sales of new homes have fallen by 7.7 per cent year-on-year.

CORPORATES
HOUSING INDUSTRY ASSOCIATION LIMITED