The state government is offloading a significant 8.52ha landholding at Elizabeth South, on the condition its new owners commit to building at least 230 homes on the site.
Government agency Renewal SA will also require the purchaser of Lots 3002 and 4002 John Rice Ave to ensure at least 15 per cent of all dwellings are affordable housing, to be made available to low-income earners through HomeSeeker SA.
South Australia is significantly behind in meeting its share of a national housing target to create 1.2 million new homes by 2029, falling almost 26 per cent below its quota for the last September quarter, Property Council of Australia data shows.
An Information Memorandum regarding the land sale says the site must be developed predominantly for residential purposes, although complementary land uses, such as aged care, small scale commercial and retail ventures and childcare facilities, would be considered appropriate.
The land, which is to be sold as a whole, has been owned by Renewal SA for some time, held in reserve for future employment uses linked to the local car manufacturing sector, which folded with the closure of GM Holden’s Elizabeth South factory in 2013.
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Lots 3002 and 4002 John Rice Ave in Elizabeth South have been unlocked for housing by the state government.
The former automotive plant has since been transformed into the Lionsgate Business Park, an industrial hub for Adelaide’s north.
In the Information Memorandum, Renewal SA property and major projects executive director Shane Wingard said the John Rice Ave land was located in “an area of Adelaide which has experienced some of the highest percentage increases in both house prices and rents across Australia’’.
The rezoning allows for a community of 300 new, low-to-medium density homes, of which at least 230 are to be delivered on the Renewal SA land.
No price guide has been released for the sale, which is via an expressions of interest campaign closing on Thursday, May 22.
Up to 300 new homes could be constructed on the 8.52ha landholding.
Selling agent Colliers could not provide details of the total number of homes permitted on the land, confirming no modelling had been undertaken to establish maximum residential capacity.
Colliers SA associate director Rhys Newman said the site, which is subject to some easements and has several significant and regulated trees, would allow for medium density development.
“It provides developers with a rare opportunity to create a vibrant community, benefiting from the strategic location and extensive infrastructure, in one of South Australia’s fastest-growing residential areas,’’ he said.
The parcel of land is opposite the Lionsgate Business Park, the former Holden factory site.
Positioned between Lyell McEwen and Calvary Central District hospitals and less than 4km from Parabanks, Saints and Elizabeth shopping centres, the site is surrounded by well established infrastructure and amenities.
Earlier this year, the Property Council of Australia announced SA had delivered only 3104 new homes between July and September 2024 – 1087 short of the 4191 required per quarter to meet the National Housing Accord Target.
In the year to September 2024, SA had completed 11,854 homes, despite an annual supply target of about 16,000 homes, the council said.
– By Lauren Ahwan
English (US) · 