The Housing Industry Association (HIA) says figures show investors are returning to the South Australian market.
There was a 22.2 per cent jump in building approvals for January over December, mostly driven by unit dwellings.
Nationally there was a 7 per cent fall.
Robert Harding of the HIA says the market is on the right track in South Australia.
“The recovery is still, as I have said previously, fragile and will depend very much on what happens with interest rates and employment,” he said.
But certainly from a state perspective, this is good news.
“It does indicate that investors are back into the market and, of course, if people are going to start investing in real estate, then often they do start with unit developments and have probably overtaken first home buyers now as the main focus of the industry.”