- Located between Barry Road, Bombay and Doreen Streets.
- The project will be staged over eight years, with sales of the first three stages underway.
- Rivergum Homes has commenced construction on the first 28 homes.
Adelaide’s south is set to see a massive social housing regeneration project take place, with over 680 homes to be delivered as part of the project.
Situated on a site that was previously home to SA Housing Authority houses built in the 1950s, the 16.5 hectare site bound by Barry Road, Bombay and Doreen Streets will soon see new homes built.
Led by South Australian developer, Housing Renewal Australia Oaklands Park (HRA OP), the Oaklands Park Renewal Project will be known as Oaklands Green.
“Oaklands Park renewal is part of building a strong community while offering choice and diversity in housing. We are modernising affordable and social housing neighbourhoods,” said Minister for Human Services, Nat Cook.
“This project has been a long time in the making and much anticipated. To be part of delivering this during a time of housing shortage is both satisfying and rewarding.”
Member for Gibson, Sarah Andrews said that “Oaklands Green will enable people in the south on low incomes to achieve their dream of owning a home as well as providing affordable rentals.”
“The project will also boost local employment opportunities and help revitalise a significant part of Oaklands Park.”
Sarah Andrews, Member for Gibson
The Oaklands Green community will include 235 new social housing homes constructed for SA Housing Authority. The homes will be managed by Junction, a community housing provider.
“Oaklands Green sets a new national benchmark for how social housing can be delivered in genuine partnership between governments, for-purpose organisation and socially responsible investors and businesses,” said HRA Chair and Junction Deputy Chair, Trevor Cook.
“We are hopeful that it can be a model for future development of affordable and social housing in South Australia.”
The economic return from this market-ready housing will allow for the largest renewal of SA Housing Authority assets at no capital cost to the State Government, creating what is believed to be Australia’s first social housing project led by private funds with a not-for-profit partner in Junction.
“For every two residences being built for the open market at Oaklands Green, one will be developed as social housing and provided back to the state under the management of Junction,” said Cooke.
“The project is guided by who is best placed to deliver the best outcomes for community and social housing tenants and we are enormously grateful also to the City of a Marion as a core project partner.”
Rivergum Homes has commenced construction on the first 28 one and two storey homes. Thirteen of these are social housing wellings.
Twenty additional public houses, funded by Housing Renewal Australia Oaklands Park, will be constructed as part of the partnership arrangements.
The site will also see more than 450 market-ready homes to be constructed, with a minimum 15% of these homes to be sold through the South Australian state government’s HomeSeeker initiative.
“This innovative development in Adelaide’s south will provide affordable housing solutions in the area for years to come,” said Member for Boothby, Lousie Miller-Frost.
“It comes as the Albanese Government is constructing an additional 20,000 social and 20,000 affordable homes nationwide through the Housing Australia Future Fund Facility which has just commenced.”