Hundreds of local jobs and up to 1500 quality new homes for South Australians have been secured through one of the largest infill development opportunities in metropolitan Adelaide at the 52-hectare Oakden site – to be delivered through a Marshall Liberal Government partnership with Villawood Properties.
The up to 1500 dwellings will be delivered as part of the new master planned community, with an average of 320 jobs a year to be supported during the first two years of construction – planned to commence in 2022 – and reaching up to 400 jobs in 2024-25.
“This development at Oakden is expected to contribute in the order of $460 million in Gross State Product during its construction, peaking at $60 million in 2024-25,” Premier Steven Marshall said.
“It is a significant development that will deliver a fantastic new community with more quality options for South Australian homebuyers while at the same time creating hundreds of jobs.
“In addition, teachers, healthcare professionals and emergency services personnel may be eligible for discounts of up to $20,000 when purchasing homes in the development as part of a Care Worker Program – an initiative implemented by Villawood to recognise the important work these groups of people do in our community.”
The Oakden development will lead Villawood Properties’ entry into the South Australian market as the Melbourne-based developer establishes its presence in the state.
Renewal SA Chief Executive Chris Menz said securing a national developer of this calibre was a win for both homebuyers and the state more broadly.
“To have Villawood Properties establishing a permanent presence here on the back of this project is great news – it demonstrates confidence in South Australia and our economy,” Mr Menz said.
“Renewal SA remains focused on our mission to drive investment and growth through property and projects and the development at Oakden is an outstanding example of how we are doing that for the benefit all South Australians.”
Villawood CEO Alan Miller said Villawood Properties would bring a wealth of knowledge and expertise in building strong community-focussed residential housing to Oakden.
“This will set a new benchmark for Adelaide and South Australia,” Mr Miller said.
“With more than 30 years of experience in the industry, and having delivered award-winning communities in Victoria and Queensland, we can’t wait to showcase our reputation for quality, community and affordability.
“The development will include one of Villawood’s signature community clubs, with a gym, pool, meeting rooms and community spaces to provide physical infrastructure to build a strong community.”
Villawood South Australia General Manager Stuart Headland said market demand for the new community at Oakden was strong, particularly with limited new housing supply in the surrounding areas.
“It is an incredibly exciting time for Villawood Properties as we establish our presence here in South Australia,” Mr Headland said.