Housing Industry Association New Home Sales data shows SA bucked the trend seen in every other mainland jurisdiction on the back of a cut in stamp duty in the recent state budget.

Home sales in Queensland fell by 11.6 per cent, in Western Australia by 9.3 per cent, in NSW by 1.6 per cent, and in Victoria by 0.6 per cent.

Via HIA.

In the June state budget, first-home buyers in SA were offered stamp duty relief of up to $30,000 if they signed to build a new house.

That cut was on top of a first-home buyers grant of $15,000.

Treasurer Stephen Mullighan said the state had defied the national decline in new builds.

“This is a significant result for South Australia showing the strength of our building industry and economy,” he said.

“Heading into an uncertain and potentially volatile period for the building industry, this is welcome news and should inspire confidence for South Australia’s building sector.”

The sales data came from the latest Housing Industry Association report which estimates the number of building contracts entered into from surveys taken of builders.

– with AAP