Slabs are being poured and construction is well underway on a $21.4 million Marshall Liberal Government housing stimulus to build 100 new homes, supporting jobs and providing a much-needed shot in the arm to local building businesses.
A total of 100 homes across South Australia will be built by early-to-mid 2021, the majority (70) of which will be sold as affordable.
Building companies completing the new homes include local businesses Urban Concept, Simonds SA, Belroc Homes, Lamar Group, Qattro, Rossdale Homes, Rivergum Homes and Centina Homes.
The homes will be single and two-storey, with two and three bedrooms, built on land in Blair Athol, Edwardstown, Findon, Kidman Park, Kilburn, Morphettville, Mt Barker, Pooraka, Woodville Gardens, Taperoo, Tonsley, Croydon Park, Felixstow, Klemzig, South Brighton and South Plympton.
Minister for Human Services Michelle Lensink said the stimulus program supports jobs, local businesses and is welcome news for SA homebuyers.
“The Marshall Liberal Government’s $21.4 million housing stimulus to build 100 new homes has come at a crucial time for the economy and local construction businesses as South Australia grapples with the impacts of the coronavirus,” said Minister Lensink.
“Not only does the stimulus support jobs and provide a huge boost for local building businesses, it’s supplying much-needed new, affordable homes for low-and-moderate income South Australians to get a foot in the door of homeownership.
“Our multi-million housing stimulus provides a steady pipeline of work for businesses and trades from now and over the next two years, which is welcome news at this unprecedented time.
“It also creates more affordable housing, which is a critical element of the Marshall Liberal Government’s new 10-year housing and homelessness strategy – Our Housing Future 2020-30, helping to ensure the great Australian dream of homeownership is a reality for more South Australians.
“Many of the homes are being built in suburbs within 20-to-40 minutes of the CBD, which is fantastic because it means people on moderate incomes will be able to buy a home much closer to the city than they would otherwise be able to.”
South Australian family business Centina Homes is currently building 23 of the 100 new homes.
Centina Managing Director Paul Nardinocchi said the stimulus was welcomed by the construction industry.
“The stimulus is helping to provide continuity of work through this uncertain time for many South Australian trade contractors and suppliers,” said Mr Nardinocchi.
“It is also helping to provide increase employment opportunities within the construction industry for local young people through the Housing SA Employment Pathways Program.
“Centina is proud of its ability to provide stable employment within the construction industry during the COVID-19 pandemic.”
The $21.4 million 100 homes stimulus is the centrepiece of a $104.5 million Marshall Liberal Govenrment housing stimulus package, announced at the 2019-20 State Budget.
In addition, a $21 million maintenance program to refurbish ageing South Australian Housing trust properties is well-underway, providing a boost for local trades.
It also includes a $2 million Affordable Housing Fund for low-income borrowers in an initiative providing interest-free loans of up to $10,000 to help up to 200 South Australians cover the upfront costs of buying or building a home. The loans, called Starter Loans, are administered through HomeStart Finance.
The stimulus is expected to leverage around $60 million in new lending to boost the local construction industry and the state’s economy.
For more information about the State Government’s affordable homes program:
www.affordablehomes.sa.gov.au and affordable homes will be listed on the AHP site when completed.
In addition to the 100 homes, the Marshall Liberal Government has committed $400 million to build 1000 new affordable homes by 2025, as part of the government’s new $550 million 10-year housing and homelessness strategy.
Site work on the first of the 1000 homes will begin in late 2020/early 2021.
New affordable homes sold under the stimulus boost will be priced at no more than $419,750