- 34-apartment Nightingale Bowden development is minutes from the CBD
- Will support 700 jobs and cost $10m
- Max price for one-or-two bedrooms apartments will be priced at $419,750 for eligible South Australians
Nightingale Bowden, a new affordable 34-apartment development, is being built just minutes from the Adelaide CBD.
The $10 million development will be built in partnership with the South Australian Government, community housing provider Housing Choices and developer Nightingale Housing.
More than three-quarters of apartments will be allocated as affordable housing meaning one-or-two bedrooms apartments will be capped at $419,750 or less for eligible South Australians.
The current median house price in Bowden is $552,000.
The project is being backed by the South Australian Government who are underwriting up to $5.5 million development – which is a not-for-profit development.
Construction will commence in late 2021.
The new development will have a range of features including a minimum 5 star Green Star and 7.5 Nationwide Housing Energy rating, solar panel, rainwater and a landscaped rooftop garden.
Michelle Lensink, the Minister for Human Services, said the innovative partnership would lead to more South Australians getting their feet into the doors of homeownership, whilst supporting jobs in the construction industry.
“Affordable housing developments like this one give low-and-moderate income South Australians the chance to purchase housing and not be priced out of the market by sky high auctions and investors because homes are sold at fixed prices and we know many South Australians are looking for the perfect, affordable home to buy right now,” said Minister Lensink.
Jeremy McLeod, the founder of Nightingale Housing, said their homes exist to revolutionise the way communities live together.
“We are committed to delivering carbon neutral housing for everyone in our community. We want to create a pathway to homeownership for first home buyers, and we want to create medium density housing that’s great to live in, reduces cost of living, that’s highly energy efficient and has a strong sense of community,” said Mr McLeod.
“We prioritise people over profit and we are privileged to work with Housing Choices SA and the South Australian Government towards a common goal of a better housing future for all South Australians.”
To be eligible for the Affordable Homes Program, applicants are required to meet income and asset limits, amongst other criteria.