- 71 new affordable homes built by SA government, remainder are 'market' homes
- Houses sold for between $250,000 to $418,000
- National Housing conference to be held in Melbourne 2022
Last year, the South Australian government announced in September that construction was underway for 100 new affordable homes. The state has now added 71 new affordable homes to the local housing stock.
Overall, the government has delivered 100 new affordable and market homes, in line with the $21.4 million plan to increase housing stock built specifically for low-and-moderate income earners.
Selling for between $250,000 and $418,000 each, the houses were located within 20 to 40 minutes of the Adelaide CBD.
“It’s great news because it means people on moderate incomes have been able to purchase a home much closer to the city than they would otherwise be able to and there’s the added bonus of not having to compete with investors or the broader market at auctions.”
Michelle Lensink, Minister for Human Services
The two-and-three bedroom homes were built in Blair Athol, Edwardstown, Findon, Kidman Park, Kilburn, Morphettville, Mt Barker, Pooraka, Woodville Gardens, Taperoo, Tonsley, Croydon Park, Felixstow, Klemzig, South Brighton, South Plympton, Mitchell Park, Devon Park and Elizabeth Park.
In a market snapshot, SQM Research said the median asking price for a three-bedroom house is currently above $520,000.
Adelaide
South Australian government sales figures for all houses in metropolitan Adelaide in the March quarter 2021 suggested a similar median price of $518,000.
Builders were Urban Concept, Simonds SA, Belroc Homes, Lamar Group, Qattro, Rossdale Homes, Rivergum Homes, Centina Homes, Hai Sam and Iacon.
In order to purchase one of the affordable homes, an applicant must have an annual household income of less than $110,000 before tax (couple or family) or $85,000 before tax (single); cannot own any residential property including overseas or regional Australia, and must live in the new home for at least six months within the first 12 months of buying.
Upcoming housing conference
In other news, the National Housing Conference 2022 will be held at the Melbourne Convention and Exhibition Centre over three days in March.
Run by the Australian Housing and Urban Research Institute (AHURI), the conference will examine the lessons learned for the housing sector during the global coronavirus pandemic.
The conference will also cover other key issues including housing system response to bushfire and flood resilience, other extreme weather events, sustainable design, and energy-efficient housing.
