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Amidst an already challenging set of circumstances for the nation’s residential construction sector, the latest Housing Industry Association (HIA) home sales figures have provided another unwelcome reality check for the Albanese government’s “aspiration” to build 1.2 million new homes over its 5 year ‘Housing Accord’ period.
At a national level in the September quarter, new home sales fell by 17.5% quarter-on-quarter, the weakest quarterly snapshot in 18 months.
This came despite a 3.4% bounce month-on-month in September, which showed some signs of potential green shoots.
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About the author
Tarric is an Australian freelance journalist and independent analyst who covers economics, finance, and geopolitics. Tarric is the author of the Avid Commentator Report. His works have appeared in The Washington DC Examiner, The Spectator, The Sydney Morning Herald, News.com.au, among other places.
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