All Topics / General Property / New Proposed infrastructure for Adelaide
This will be going up on our website soon, but I thought I might share it with everyone before then:
There certainly is alot happening in Adelaide:29 March 2007: $250 million complex proposed for Victor Harbor. The South Australia State Government has stepped in to grant major development status to a $250 million project planned for the coastal town of Victor Harbor. Makris Corporation plans a development with cinemas, specialty shops, food court, bulky goods retail, community centre and 60-lot housing estate overlooking Encounter Bay, about 4km south-west of the Victor Harbor town centre. The government move takes the assessment process out of the hands of the Victor Harbor Council.13 March 2007: Devine move adds to north Adelaide activity. National developer Devine Ltd has bought 13 hectares at Munno Para on Adelaide's northern outskirts to develop 185 homes. This is the latest in a number of moves by residential developers in this precinct, confirming northern Adelaide as a significant growth region – which also stands to benefit from the recently-announced Northern Expressway.8 March 2007: $870 million power stations planned for SA. South Australia's electricity network will be boosted by two new power stations now in planning. A $350 million gas-fired power station is planned for Redbanks, near Mallala, by Babcock & Brown, while a larger $520 million power station is planned for the state's far north by Altona Resources. They would be the second and third largest power stations in SA.7 March 2007: $230 million wind farm boosts rural SA. Wind power is driving an economic boom in the drought-hit mid-north of South Australia. Projects such as the $230 milliion wind farm by AGL at Hallet is providing alternative sources of income to local communities (through spending on accommodation, goods, services and wages, as well as providing jobs) at a time when farm incomes are sharply reduced.27 February 2007: Nuclear power plant planned for southern states. Businessmen Hugh Morgan, Ron Walker and Robert Champion de Crespigny have joined forces to establish a nuclear power plant. Their company, Australian Nuclear Energy Pty Ltd, is researching sites in South Australia and Victoria for the project. It says it has held talks with the Federal Government and the South Australian and Victorian state governments about the proposed plant.27 February 2007: High-tech precinct reinforces Elizabeth appeal. A $50 million high-technology precinct backed by Playford City Council is being established in Adelaide's northern suburbs. Spearheaded by Priority Engineering Services, ithe Playford Evolution site plans to bring together around 20 companies. Stage one of the precinct, located in the suburb of Elizabeth West, has been sold.22 February 2007: $2 billion development for northern Adelaide. Developer Lang Walker is the spearhead of a proposed 8000-home development in the north of Adelaide. The $2 billion Buckland Park project will be located between Virginia and Port Gawler, off the Port Wakefield Road about 30km north-west of the Adelaide CBD. The 1,000-hectare site will eventually be home to 25,000 people. Walker and partner Daycorp have also bought 100 hectares of industrial land near the Edinburgh defence precinct in Adelaide's northern suburbs.29 January 2007: Golf resort unveiled in South Australia. A $250 million golf resort and residential estate is planned for South Australia's Yorke Peninsula. The Dunes at Port Hughes will have 1,650 residential allotments as well as an 18-hole Greg Norman-designed golf course and a 120-room resort. Construction will start in the second half of 2007 and create 600 jobs.15 January 2007: Wind farm creates 170 jobs. A $200 million wind farm will be built at Snowtown in the mid-north of South Australia. Around 170 construction jobs will be created when work starts in April 2007. The TrustPower facility will generate enough power to supply 60,000 homes.20 December 2006: Fast-track for $2 billion Adelaide project. The South Australia State Government is fast-tracking plans for a new town of 15,000 on Adelaide's northern outskirts. The $2 billion project proposed by developer Vosporos will have 7,000 homes, a town centre, shopping and commercial facilities on a 1,000 hectare site at Buckland Park near Port Gawler.20 December 2006: 700ha estate approved at Port Lincoln. A $400 million housing development has been approved for a 700 hectare site near Port Lincoln in South Australia. Allotments with sea views will sell from $82,000 to $185,000 in the first stage.15 November 2006: Route revealed for $550 million Adelaide road. The South Australia Government has announced the route for a $550 million expressway in Adelaide's north. The 23km Northern Expressway is South Australia's largest road project for 40 years. The four-lane freeway, designed to improve links from the Sturt Highway to Port Adelaide, runs from Port Wakefield Road past Penfield, MacDonald Park, Andrews Farm and Munno Para Downs to Gawler. Construction is scheduled to start in 2008 for completion in 2011.8 November 2006: SA pulp mill clears environmental hurdle. The $400 million Penola Pulp Mill in south-eastern South Australia has received approval from the Federal Department of Environment and Heritage. The project is planned to be a "sister" mill to the Heywood Pulp Mill, which is just across the state border in Victoria – and which has received State Government approval. Part of the plan is establishment of a 200-hectare river red gum woodland to offset loss of ecological values at the site. 11 October 2006: Steel works expansion major boost to Whyalla. OneSteel will spend $355 milllion converting Whyalla's steel works into the nation's third-biggest iron ore producer, quadrupling production at the plant. The investment is significant for the SA town, which has lost population since the closure of its shipyards in the late Seventies. The project, which includes a new iron ore mine, extends the life at the steel works for another 20 years.10 October 2006: New town rises from SA desert. A new town is under construction in the South Australia desert and will soon have a population of 800 people. Prominent Hill is being developed as part of the Oxiana open-cut copper and gold mine (the biggest in SA), and will have a sports oval, tennis courts, swimming pool, gymnasium and cycling tracks. Each mine workers will have a room with ensuite and access to cable television.18 September 2006: Defence plans spark housing boom in northern Adelaide. New homes to accommodate 350 Defence Force families will be built in Adelaide's northern suburbs. The Defence Housing Authority is negotiating with developers and the State Government's Land Management Corporation for the new housing, following Federal Government plans to establish a new army battalion at the Edinburgh military complex in Adelaide's north. The Defence Force also plans to close four other South Australia bases and consolidate their resources at Edinburgh.05 August 2006: Roxby Downs to double in size. A master pan to double Roxby Downs to 10,000 people will be released soon by BHP Billiton. The plan is designed to cope with the extra workforce needed for BHP's expansion of its Olympic Dam copper, gold and uranium mine.14 July 2006: Developer to build $50 million homemaker centre in Adelaide Hills. Developer Daycorp will build a $50 million homemaker centre at Mt Barker in the Adelaide Hills. This confirms the area’s status as a growth area. Mt Barker has above-average population growth and its connections to Adelaide City have been revolutionized by transport infrastructure improvements, including the Heysen Tunnels. There are consistent reports that residential rental vacancies in the Hills are virtually zero, which suggests it might not be a bad time to buy a property investment there. Adding further impetus to the general area are plans for a major mining venture at Kanmantoo, not far from Mt Barker.
Investment Property Management
http://www.adprop.com.auAnd for those who are intersted in some general information, here is another link:
http://www.creativerealestatesolutions.com.au/cgi-bin/page.cgi?id=112
Great research Xenia, thanks for sharing.
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