News & Developments: Prospect

[Howie]

Huge new development proposed for Prospect Road

https://plan.sa.gov.au/have_your_say/no ... n?aid=7117

It's a massive site.

[EBG]

Update Harrington apartments now up to level 4 as at 13/10/2024.

[rev]

Excavators on site today working.

The former to-be Kaufland site

Construction of affordable homes and rentals at Prospect to begin by end of year

Posted 20h ago20 hours ago, updated 20h ago



The state government says South Australians looking for affordable homes and rentals will be able to move in to a new development in Adelaide's inner-north from 2025.

Renewal SA announced the $80 million project on the corner of Churchill and Regency Roads at Prospect almost two years ago, with work due to start by the end of this year.

The state government said a minimum of 27 of the 108 townhouses will be affordable to buy, while a minimum of 72 apartments would be leased to eligible tenants at less than 75 per cent of market rate, subject to federal funding.

Couples or families earning $130,000 or less, or single people earning $100,000 or less, will be eligible to buy the affordable townhouses.

The government said the current price point for affordable homes in the greater Adelaide area was $417,000 to $479,000.

Ben Griffiths welcomed the announcement for more affordable housing in the inner suburbs.

Mr Griffiths said he and his partner had been looking to buy a home for the past couple of years and said the struggle had caused "a lot of heartache and strife".

He said there were "not a lot of options" in their budget of under $400,000 in an "incredibly tough" market.

"We're looking to try and get in anywhere, and it's not easy," he said.

Minister for Housing and Urban Development Nick Champion said the project was the latest in a string of housing initiatives announced by the state government this year as the housing affordability crisis continues.

"We are in a housing crisis and a housing emergency and it's an economic, social and moral challenge for the whole of society," he said.


Last week, the government announced 161 affordable homes and 25 affordable rentals were to be built at Munno Para, in the state's north.

It follows a number of land releases announced by the state government this year, including the construction of properties at Aldinga, Noarlunga Downs and Golden Grove.

Premier Peter Malinauskas said his government remained interested in developing large parcels of land around Adelaide to address the housing shortage.

He said sites including the Keswick Barracks and the former West End Brewery at Thebarton were on Renewal SA's radar.

He said the state government were in "active negotiations" with the federal government over the Keswick Barracks with the idea of creating a "thoughtful urban renewal project with a keen eye on affordable housing".

"We think the Keswick Barracks site is under-utilised," he said.

"It is a highly valuable site close to the CBD, immediately adjacent [to] high quality public transport infrastructure.

"We want to get it and we're in negotiations with the federal government to achieve that."

He said the site of the former West End Brewery, which announced it was closing in 2020, was likely "of interest to a number of players".

"The West End site is undoubtedly a really significant and strategically important parcel of land," he said.

https://www.abc.net.au/news/2023-09-10/ ... /102837598

The first homes are under construction on this now up on the Churchill Rd side near the intersection.