- Located 35 minutes north of Adelaide CBD
- Comes as ABS data shows net interstate migration has increased for SA; first time since 2002
- Walker Corporation is delivering the project
Work has begun on a new $2 billion master-planned community which is located 35 minutes north of Adelaide’s CBD.
Riverlea will be home to 30,000 people across 12,000 homes once the project is completed.
Along with contemporary homes, will feature amenities such as direct access to major transport links, education facilities, retail centres alongside community and business services.
The development is expected to create 10,000 jobs.
The news comes after recent Australian Bureau of Statistics figures show that for the first time since 2002, South Australia has recorded net positive interstate migration.
Vickie Chapman, the Minister for Planning and Local Government, believes the project represents a generational investment in the future of the state.
“This presents a great opportunity for Adelaide, generating jobs for tradespeople, local businesses, and the broader construction industry,” Minister Chapman said.
“It signifies confidence in the South Australian market”
She added Riverlea will benefit from the significant increase in transport infrastructure investment in recent times, such as the Northern Connector.
Lang Walker, Executive Chairman of Walker Corporation who will deliver the project, said the project is one of the most exciting and largest residential projects to be launched in Australia.
“South Australia is the home of the original house and land package, giving people the chance to grab a slice of that great Australian dream and this is going to be the State’s best master-planned community yet,” Mr Walker said
“Riverlea will boast quality homes amongst beautiful parklands, lakes and open spaces and cater for everyone from singles to young families and empty-nesters.”
M Walker also added a focus of the project Is nurturing communities as they grow – Riverlea will therefore have four new kindergarten-to-year 12 schools.
Expressions of interest are now open for the first stage with settlements set to occur during the third quarter of this year.