Subs deal and Fort Largs redevelopment convince buyers west is best

A new development and a jobs boom is fuelling interest in several coastal suburbs that were, until recently, considered less favourable. Get in quick before prices climb higher.

The $150m Fort Largs housing development coupled with the federal government’s nuclear-powered submarines deal are fuelling interest in property along the Lefevre Peninsula, industry experts say.

Real estate agents have reported increasing interest in recent months, and it’s ramping up prices in an already rising market.

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Harcourts Smith principal Kate Smith said the anticipation of development in the area and now physical signs of it, particularly as the redevelopment of the former police academy site in Fort Largs takes shape, were attracting buyers.

Harcourts Smith's Kate Smith. Picture: Supplied

“All the roads are now being built and you’re seeing some highly regarded builders have their signs put up there,” Ms Smith said.

“Now that people are seeing the action happening, the effect is starting to take place.

“Up until very recently, people didn’t even regard (the Lefevre Peninsula) as an area to consider.”

Artist's impressions of the Fort Largs development. Picture: Supplied by Peet

Artist's impressions of the Fort Largs development. Picture: Supplied by Peet

And an impression of the Fort Largs fresh produce market. Picture: Supplied by Peet

She said interest would continue to build as the thousands of people employed to work at the new submarine shipyard turned to the area for housing.

“They’re going to want to live close to work so it’s a no-brainer,” she said.

“If anyone was considering Taperoo, Osborne, Largs and North Haven, they wouldn’t want to wait any longer.”

Australian Prime Minister Anthony Albanese and South Australian Premier Peter Malinauskas speak to workers on the Collins Class Submarine at the Osborne Naval Shipyard in Adelaide. Picture: NCA NewsWire / David Mariuz

322 Lady Gowrie Drive, Taperoo. Sold for $2.61m. Picture: realestate.com.au

She said the increasing interest was pushing prices up in many areas, including Taperoo.

Ray White Port Adelaide agent Teagan Earl recently sold a beachfront property at Taperoo for $2.61m, which property records show is one of the highest sales in the area.

“The eventual buyer was a developer,” she said.

Ms Earl said development in the area was definitely piquing buyers’ interest, with some properties attracting a surprising amount of offers.

“We have seen an increase in interest based on what’s going on around there,” she said.