HomeBuilder<\/a> as households finalised contracts to build a new home before the 31 December 2020 deadline to get access to the $25,000 grant.<\/p>\n\u201cThe extension of the timeframe to commence building from three months to six, which was announced in November, played a significant role in December\u2019s results.<\/p>\n
\u201cNew home sales in 2020 increased by 32.5 per cent compared to 2019, this is an exceptional result given the nature of the pandemic and the effect that it has had on the broader economy.\u201d<\/p>\n
She said it was not expected that this remarkable volume of sales would continue into January.<\/p>\n
\u201cThe extension of HomeBuilder to allow contracts to be signed before March 2021 with a grant of $15,000 will support the sales of new homes into 2021, but not at this elevated level.<\/p>\n
\u201cLow interest rates, improved lending assessment and growth in the price of established homes will also support demand for new homes in 2021.<\/p>\n
\u201cThe monthly increase in sales has been broad-based across the states with the exception of Western Australia, which declined by 9.5 per cent.<\/p>\n
\u201cThe strength of new home sales is a positive sign that home building will support jobs on the ground throughout 2021.\u201d<\/p>\n
Across the country, new home sales in the December quarter were higher in all regions when compared with the same period in 2019: South Australia (188.3 per cent), Victoria (103.1 per cent), Queensland (99.9 per cent), Western Australia (99.2 per cent), and New South Wales (61.7 per cent).<\/p>\n","protected":false},"excerpt":{"rendered":"
New Home sales reached remarkable heights in December, nearly doubling compared to the number of sales recorded in November, according to the Housing Industry Association (HIA). The HIA New Home Sales report, a monthly survey of the largest volume home builders in the five largest states, is a leading indicator of future detached home construction. […]<\/p>\n
Read More…<\/a><\/p>\n","protected":false},"author":29,"featured_media":37363,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[19],"tags":[],"post_folder":[],"class_list":["post-37362","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate"],"acf":[],"yoast_head":"\nNew home sales go through the roof in December - Geelong Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/timesnewsgroup.com.au\/geelongtimes\/real-estate\/new-home-sales-go-through-the-roof-in-december\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New home sales go through the roof in December - Geelong Times\" \/>\n<meta property=\"og:description\" content=\"New Home sales reached remarkable heights in December, nearly doubling compared to the number of sales recorded in November, according to the Housing Industry Association (HIA). The HIA New Home Sales report, a monthly survey of the largest volume home builders in the five largest states, is a leading indicator of future detached home construction. 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