The Outer Adelaide Statistical Division of Metropolitan Adelaide is forecast to continue as the fastest growing region of South Australia and promises to deliver significant economic impact through a range of activities including urban development, agriculture, industrial development, research and education.
Holmes Dyer was engaged to optimise the mixed-use potential of a key land parcel in a recognised growth precinct and to provide diverse and affordable housing opportunities for a mixed demographic and growing employment base.
The market research was underpinned by a comprehensive analysis of supply and demand characteristics, to inform housing, land and accommodation products relevant to the likely market and future development of the area, and was framed by:
- Demographic analyses and forecasting;
- Land supply and demand assessment;
- Land and housing sales and rental activity review;
- Purchaser profile preparation; and
- Time scaled observations of land release and housing construction over time in similar markets.
The central focal point of the expansion area is a town centre comprising mixed use commercial and retail land uses, a new school and an education and innovation precinct. The centre will have links to a University, may include student housing and includes Wi-Fi enabled smart technology.