New Adelaide housing sites unveiled as SA searches for developers to bite

The South Australian government has revealed its latest release of development-ready land, and is looking for developers to take on these sites. 

The land the South Australian government has just released to the market for the purpose of residential projects is expected to deliver new housing worth at least $720 million. It has also released properties zoned for industrial use that it expects to be worth at least $20 million on completion. 

Adelaide aerial
An aerial view of suburban homes in Adelaide. Image: Getty

This is part of the state’s Developer Ready program, which aims to attract private sector development to land sites that the state has released to the market. 

In this latest listing, several new plots of land in Adelaide’s northern suburbs have been earmarked for housing. 

They include:  

  • An 8.5-hectare residential development opportunity in Elizabeth South on John Rice Avenue.   
  • Three allotments in the Playford Alive development in Munno Para, earmarked for medium-density housing and commercial use.

The South Australian government also noted that other residential land releases would be soon to follow. Not yet open to developers, those opportunities are set to include a large 1000-home residential development opportunity south of Adelaide on 68 hectares in Onkaparinga Heights.  

This latest release of new land for housing follows on from last year’s opportunities, including sites at Southwark, Tapangka on Franklin, and 274 and 275 North Terrace. The government expects the land released in 2024 will produce housing and industrial projects ultimately worth $2 billion. 

South Australia’s minister for housing and urban development, Nick Champion, said the state was inviting proposals from “local, national and international developers and investors” for the newest plots of land. 

“South Australia is open for business with a pipeline of development-ready opportunities,” Mr Champion said. 

He noted the release also included two new industrial opportunities: a 10.35-hectare industrial allotment on Newhaven Road in East Grand Trunkway and a 2.91-hectare industrial allotment on Gidgie Court in Edinburgh. 

The newest land releases are part of South Australia’s Developer Ready program. Image: Getty

Bruce Djite, the Property Council’s SA executive director described the parcels of land that had been released as “desperately needed” and noted that if done well, the resulting developments would deliver a substantial economic benefit. 

“South Australia has a bright future ahead but for the state to fulfill its potential the government and industry must work together like never before. Developing these parcels of land to their best and highest use will deliver jobs, homes, economic growth and attract much needed capital to the state,” Mr Djite said. 

Are you interested in new housing being built in Adelaide? Check out our dedicated New Homes section.

The post New Adelaide housing sites unveiled as SA searches for developers to bite appeared first on realestate.com.au.

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