Aug 27, 2026 · 6 min · 5 segments
New home sales have fallen for the third consecutive month, raising fresh questions about Australia's housing supply crisis and the effectiveness of current government policy. In this episode, we…
Terry RyderHost
The sale of new homes across Australia has declined for the third consecutive month.
That means that the sale of new dwellings has dropped in every month since the federal budget in May, providing further confirmation that the nation's leaders have no clue about the realities of real estate markets.
The broken promises on property taxes delivered in the budget occurred to fix the housing crisis by encouraging new dwelling supply, as well as making life easier for first home buyers.
But everything that has occurred in property markets since May has been in stark contrast to the government's forecast.
We were told by demand for new dwellings would rise, but all the research evidence suggests the opposite is happening.
Just as we were told that rents wouldn't be impacted, but instead they're rocketing to new record levels.
Now, the Housing Industry Association, which for years has been a reliable source of facts about the sale of new homes across Australia, has reported that new home sales have declined for a third consecutive month, falling by another 3.7% in the latest month.
Why are new home sales falling when we're told by the politicians they would increase? Well, HIA senior economist Tom Devitt blames the decline on policy uncertainty, which is weighing on consumer confidence.
They have made everyone afraid to make big financial commitments because they don't know what the federal government will spring on us next.
Even people who are not adversely impacted by the budget taxation changes are stalling for fear of another unexpected government announcement.
The sale of new homes across Australia has declined for the third consecutive month.
That means that the sale of new dwellings has dropped in every month since the federal budget in May, providing further confirmation that the nation's leaders have no clue about the realities of real estate markets.
The broken promises on property taxes delivered in the budget occurred to fix the housing crisis by encouraging new dwelling supply, as well as making life easier for first home buyers.
But everything that has occurred in property markets since May has been in stark contrast to the government's forecast.
We were told by demand for new dwellings would rise, but all the research evidence suggests the opposite is happening.
Just as we were told that rents wouldn't be impacted, but instead they're rocketing to new record levels.
Now, the Housing Industry Association, which for years has been a reliable source of facts about the sale of new homes across Australia, has reported that new home sales have declined for a third consecutive month, falling by another 3.7% in the latest month.
Why are new home sales falling when we're told by the politicians they would increase? Well, HIA senior economist Tom Devitt blames the decline on policy uncertainty, which is weighing on consumer confidence.
They have made everyone afraid to make big financial commitments because they don't know what the federal government will spring on us next.
Even people who are not adversely impacted by the budget taxation changes are stalling for fear of another unexpected government announcement.
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