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The Housing Industry Association (HIA) has released new home sales data for April, with sales down 1.2% over the month after trending down since December:
Residential land sales on Australia’s city outskirts are also falling:
New research released today by property data house RPM shows a 28.5 per cent year-on-year decrease in vacant lot sales to 5285 from 6793 in 2021.
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.