The SA suburbs where housing development is booming
Figures reveal which SA towns and suburbs have experienced the most – and fewest – building approvals over the past five years. See the table here.
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Adelaide’s north is leading the state’s housing construction boom, with new data revealing the number of homes in two areas has more than doubled in the past five years.
Figures from data company Suburbtrends show 1174 properties were approved to be built in Virginia–Waterloo Corner over the past five years – or 57 per cent of all the area’s dwellings.
It was a similar situation in Munno Para West–Angle Vale where 52 per cent of the area’s 5517 dwellings were approved to be built over the past five years.
Meanwhile, the number of properties in Lewiston-Two Wells increased by 37 per cent to 2191 in the same period.
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On the flip side, housing stock in Greenwith, Golden Grove, Mawson Lakes-Globe Derby Park, Woodcroft and Hallett Cove rose by just 1 per cent over the past five years.
Master Builders SA chief executive Will Frogley said grants like HomeBuilder in the wake of Covid-19 had given the industry a boost.
“We’re just coming out of a period of record building in SA,” he said.
“The industry is still really busy at the moment but at the end of next year we’re looking at a lull, then it should quickly return to pre-Covid levels.”
He said it all came down to where land was available and with increased migration and new releases announced for Noarlunga Downs, Aldinga and Golden Grove, building would pick up.
However, he said it was important they didn’t take too long to hit the market.
“What the statistics really show is any time a significant amount of land comes on to the market, it drives a lot of building activity,” he said.
“It’s really important that land is freed up because land is the biggest factor that determines housing affordability.
“SA has become an increasingly attractive place for people to live and work, which is great – but they need housing.
“The only way to do that is to free up land – that’s going to be key.”
Hickinbotham Group managing director Michael Hickinbotham said people had flocked to the Eden and Liberty developments at Two Wells in search of more space.
More than 300 families live in the two precincts, but he said the $1.2bn masterplanned community would house more than 3000 when finished.
“Two Wells is attracting more families than Greater Adelaide as it offers them a vibrant masterplanned community that includes a state-of-the-art R-12 school, parks designed for ‘learning through play’ and a township being revitalised to offer retail, eateries and commercial amenity facilities that are needed in Adelaide’s north,” he said.