From the HIA today:
A downward trend in total new home sales has emerged, affirming previous calls that sales had reached a peak earlier in 2014. The 2013/14 financial year saw the recovery in new home sales gather strong momentum. The 2014/15 financial year, however, has started with the emergence of a downward trend, suggesting that monthly new home sales peaked back in April.
Total seasonally adjusted new home sales fell by 5.7 per cent in the month of July 2014, a result reflected in both detached house as well as multi-unit sales. Detached house sales declined by 4.7 per cent, while multi-unit sales fell by 10.9 per cent in the month of July. Over the three months to July aggregate new home sales declined by 3.5 per cent.