SA Defied the National Trend for New Home Sales While Other States Still in Negative Territory

SA Defied the National Trend for New Home Sales While Other States Still in Negative Territory
New homes line a street in the Sydney suburb of Moorebank in Australia on May 26, 2017. Jason Reed/Reuters
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The latest July HIA (Housing Industry Association) New Home Sale report has foreshadowed a gloomy 2024, but South Australia remains the only state that has defied the national trend with a sizable, recorded increase of new homes despite every other state being in negative territory.

The SA new home sales report described a 35.5 percent jump in July thanks to SA’s new policies in place.

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