The Urban Developer
AdvertiseEventsWebinarsUrbanity
Industry Excellence
Urban Leader
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
Urban Leader Awards Logos RGB White
EARLY BIRD ENDING THIS THURSDAY START YOUR NOMINATIONS TODAY
EARLY BIRD ENDING THIS THURSDAY URBAN LEADER AWARDS
LEARN MOREDETAILS
TheUrbanDeveloper
Follow
About
About Us
Membership
Awards
Events
Webinars
Listings
Resources
Terms & Conditions
Commenting Policy
Privacy Policy
Republishing Guidelines
Editorial Charter
Complaints Handling Policy
Contact
General Enquiries
Advertise
Contribution Enquiry
Project Submission
Membership Enquiry
Newsletter
Stay up to date and with the latest news, projects, deals and features.
Subscribe
ADVERTISEMENT
SHARE
print
Print
PlacemakingLindsay SaundersTue 30 Jul 24

Grange, Costa Spearhead SA Second City

A joint-venture has revealed plans for almost 10,000-home lots as part of the largest single residential development in South Australia’s history.

Shirley Costa’s family office, Costa Property Group, has joined Grange Development to acquire 909ha of an 1860ha state-significant precinct at Gifford Hill, Murray Bridge, 78km east-southeast of Adelaide.

The land holding was acquired in multiple transactions by the joint venture and amalgamated during the past 18 months.

The holding is expected to yield 9969 lots and represents 81.4 per cent of the developable land in the precinct. 

Lauded as a second city for SA, the Gifford Hill precinct will deliver 17,100 homes, including detached housing and medium density, as well as a new town centre, mixed-use high street and six neighbourhood activity centres.

The $7.5-billion development is expected to be home to more than 44,000 people on completion.

Seven schools, 285ha of conservation space and 119ha of active open space—more than 20 per cent of the precinct—are also part of the broader development.

null
▲ A render of the Gifford Hill precinct High Street.

Centred around the new $110-million Murray Bridge Racing Club in Gifford Hill, the precinct builds on the Murray Bridge Structure Plan, released this month.  

The Gifford Hill project will become South Australia’s largest residential growth area since the 1950s and will be slightly larger but lower in density than the 1340ha Walker Corp’s Riverlea at Buckland Park.

Rental prices in Murray Bridge have risen 68.6 per cent during the past five years, underpinned by a severe undersupply of housing, which has been further exacerbated by surging demand in the wake of population and employment growth, with 10.3 per cent of that growth recorded in the past year, according to Domain’s June 2024 Rental Report. 

Grange Development founder James Dibble said the project was the most significant residential development in history for South Australia and Adelaide.

He said Gifford Hill “will be future-proofed in its urban design, technology, built form and materiality to deploy forward-focused principles”.

null
▲ A render of the precinct town centre: The Gifford Hill project will become South Australia’s largest residential growth area since the 1950s.
ResidentialAdelaideProject
AUTHOR
Lindsay Saunders
The Urban Developer - News Editor
More articles by this author
linkedin icon
ADVERTISEMENT
TOP STORIES
North Sydney TUD Plus HERO
Exclusive

NSW Housing Fix Tips North Sydney into New Era

Vanessa Croll
7 Min
 GemLife site Currumbin Waters EDM
Exclusive

Pop-Out Apartments Power GemLife’s $450m Vertical Experiment

Clare Burnett
6 Min
Scape's Gurrowa place artist impression
Exclusive

Red Tape Blocking PBSA Housing Crisis Help, says Sector Pioneer

Leon Della Bosca
5 Min
Rob Stokes on Faith Land Housing Opportunities across australia
Exclusive

Salvation at Hand: Why Ex-MP is Championing Faith-Based Land Development

Renee McKeown
6 Min
Childcare shortfall EDM
Exclusive

Childcare Crunch: $4bn Shortfall Opens Door for Developers

Vanessa Croll
7 Min
View All >
Policy

Commonwealth, Qld Agree on Games Delivery Collaboration

Lindsay Saunders
Hotel

Pubs Stay Hot with Flurry of Listings, Sales in NSW Capital

Patrick Lau
Residential

Dasco Approved to Add 105 Homes to Epping Scheme

Patrick Lau
The tallest of the project’s five towers will now top out at 18 storeys and the percentage of affordable homes has tripl…
LATEST
Policy

Commonwealth, Qld Agree on Games Delivery Collaboration

Lindsay Saunders
2 Min
Hotel

Pubs Stay Hot with Flurry of Listings, Sales in NSW Capital

Patrick Lau
2 Min
Residential

Dasco Approved to Add 105 Homes to Epping Scheme

Patrick Lau
2 Min
Hengyi is filing bigger apartment plans in the Melbourne beachside suburb of Sandringham
Residential

Hengyi Plots Midrise Trio After Sandringham Refusal

Renee McKeown
2 Min
View All >
ADVERTISEMENT
Article originally posted at: https://www.theurbandeveloper.com/articles/grange-costa-spearhead-sa-second-city