The State Government’s decision to remove the threshold on stamp duty relief for first home buyers in the June State Budget is paying off, with a 7.6 per cent increase in the number of loans to construct or purchase new dwellings according to the Australian Bureau of Statistics (ABS).

It’s the second strongest result in the country just behind Queensland and is 5.3 percentage points higher than the national average.

There’s also been a 6.9 per cent increase in housing finance commitments for First Home Buyers since the State Election.

It’s a positive step in the State Government’s plan to address the housing crisis, through the Housing Roadmap, which aims to deliver thousands of new homes across the State.

It comes as South Australia leads the country, when it comes to confidence in the property sector, according to latest survey results from the Property Council and Procore.

South Australia’s efforts to address the housing crisis have also been recognised by the Housing Industry Association (HIA), with our State ranked number one in its Housing Scorecard.