The bi-annual Housing Scorecard report recently released by the Housing Industry Association (HIA), the voice of Australia’s residential building industry,
indicates a repeat performance by Western Australia in topping the rankings.
The HIA Housing Scorecard report benchmarks the contemporary performance
of 14 key indicators of activity in residential building against long
term averages in each state and territory. This analysis is aggregated in a
scoring system to generate a league table ranking the relative
strength/weakness of residential building conditions in each jurisdiction.
According to HIA Chief Economist Harley Dale, Western Australia has once
again topped the rankings, remaining the strongest residential building market
in the country, ahead of New South Wales. However, NSW’s turnaround is the
highlight of the Housing Scorecard, with the state ranked the second strongest
residential building market in the country, up from number five only six months
The top two states are followed by the Australian Capital Territory,
Victoria and the Northern Territory clustered closely together in the middle of
the list. South Australia and Queensland lag behind these states with Tasmania
remaining the weakest residential building market in the country.
The big story of the ranking is the recovery in NSW, which can be
attributed to the surge in activity in the multi-unit sector; however, the detached
home market in NSW ranks among the strongest in the country. While the renovations
market remains a soft spot for NSW, there are signs of improvement in this