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Mortgage Business
HomeBuilder propels detached housing sales By Malavika Santhebennur 20 January 2021
December was the second strongest month for new home sales in the 20-year history of the survey, which was attributed to the HomeBuilder package, according to the HIA.
New home sales reached “remarkable heights” in December 2020 and nearly doubled compared with the number of sales recorded in November, Housing Industry Association (HIA) economist Angela Lillicrap said.
The HIA New Home Sales report has shown that December 2020 was the second strongest month of new home sales in the 20-year history of the survey.
Ms Lillicrap added that this was only exceeded by March 2001.
New home sales reach two-decade high
By Cameron Micallef
19 January 2021
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1 minute read
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Home sales have soared for the month of December, doubling compared with the number of sales recorded in November, new research has revealed.
New data from HIA has revealed a 32.5 per cent jump in new home sales in 2020, compared with a year earlier, despite falls in the greater economy due to the COVID-19 pandemic.
The report showed buyers were encouraged to flock to the market by the HomeBuilder stimulus, as many households rushed to finalise contracts before the 31 December 2020 deadline to access the $25,000 grant.
“This is the second strongest month of new home sales in the 20-year history of the survey, only exceeded by March 2001,” HIA’s economist, Angela Lillicrap, said.