More than $2 billion worth of development projects will be unlocked in South Australia as the state government aims to attract major investment and development partners, boost the state’s economy and combat the housing crisis.
Renewal SA, the state government’s property development agency, is releasing five significant projects to the property development sector by the end of the year with the potential to create upwards of 3000 dwellings.
They are:
Chief Executive Chris Menz said there was a once-in-a-generation pipeline of state building projects well into 2025 and developers needed to seize the moment on the back of a strong local economy and authentic government support.
“South Australia is primed and ready for forward thinking developers who are able to get on board now and take advantage of the unparalleled opportunities available in this state,” Mr Menz said.
“The message from us is that the state is open for business, brimming with potential, ready for those who dare to innovate and now is the time to break new ground and make your mark in a thriving market, a market we expect to continue to grow for years to come.”
Mr Menz said it was vital for developers and investors — locally, nationally and internationally — to have transparency around the pipeline of projects, which stretch across all asset classes.
There also needs to be confidence in a process with state government support in the planning of capital allocation in South Australia, he said.
“The five projects released before the end of 2024 are the tip of the iceberg,” Mr Menz said.
“We have a strong pipeline identified across all asset classes listed online and understand that providing the market with foresight and transparency as to what is coming is critical to getting the best outcomes for our projects.”
