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Since the First Fleet brought horses here in 1788, racing has been a staple of Australian culture.But smaller crowds on race day are a fact of life in the post-pandemic era, and jockey clubs are having to pivot to make the most of any opportunity in the decline, putting their prime real estate to a new use.&nbsp;The latest club to realise the potential of its land is Morphettville Racecourse in Adelaide.Last month, its owners, the South Australian Jockey Club, announced that after a five-plus-year masterplan and tender process, a new partnership is posied to move the major track redevelopment forward.&nbsp;The club is planning to redevelop 7.5ha of rezoned land between the racetrack’s home turn and Anzac Highway. The $350-million project will deliver 150 apartments in mixed-use blocks as well as 250 townhouses.&nbsp;Additionally, a supermarket, shops and hospitality outlets, as well as a club-owned tavern and office, will be delivered in partnership with developers Villawood and superannuation fund Hostplus.<div id="6lp8kALTbAW7CAoFdW6fO6"><picture><img src="//images.ctfassets.net/8pr762qjocl3/3dEHDE1eYh8mJ6sufzGR17/9a6b4171444dbb0a7738488dacab8639/Morphettville_renders_____in_article.jpg" alt="null" data-mce-src="//images.ctfassets.net/8pr762qjocl3/3dEHDE1eYh8mJ6sufzGR17/9a6b4171444dbb0a7738488dacab8639/Morphettville_renders_____in_article.jpg"></picture><div>▲ National developer Villawood and superannuation fund Hostplus have teamed up to deliver the racecourse site. </div></div>It is not the first time underutilised race tracks have been identified and adapted for reuse, according to the club chief executive officer, Grant Mayer.&nbsp;“The masterplan has been ongoing for 5½ years or so, after starting at a high level in 2015-2016,” Mayer says.“Back then they decided to develop excess land at the racecourse. It’s not a new concept—there are a number of metropolitan race tracks that have looked at the land and realised that the days of massive crowds have gone or at least they are infrequently big.&nbsp;“They have this underutilised or totally unused land and thought, ‘How do we best use this land in a way that complements the racecourse?’.“We wanted a transit-orientated plan developed with local talent to put to the government.”As Mayer says, Morphettville had a long line of examples to learn from.&nbsp;Melbourne Racing Club is pushing ahead with plans for its $3.5-billion <a href="https://www.theurbandeveloper.com/articles/melbourne-racing-club-pushes-on-with-sandown-redevelopment" target="_blank" rel="noopener" data-mce-href="https://www.theurbandeveloper.com/articles/melbourne-racing-club-pushes-on-with-sandown-redevelopment">Sandown Racecourse redevelopment</a> and developer Golden Group proceeded with its <a href="https://www.theurbandeveloper.com/articles/developer-files-first-stage-for-3-8bn-wa-masterplan" target="_blank" rel="noopener" data-mce-href="https://www.theurbandeveloper.com/articles/developer-files-first-stage-for-3-8bn-wa-masterplan">$3.8-billion Belmont Park project</a> in Perth last year.Mirvac broke ground on its Eagle Farm Racecourse residential <a href="https://www.theurbandeveloper.com/articles/mirvac-charlton-house-sales" target="_blank" rel="noopener" data-mce-href="https://www.theurbandeveloper.com/articles/mirvac-charlton-house-sales">development in September, 2022</a>, and the ACT government is considering proposals for Thoroughbred Park in Canberra, which would scrap the racetrack fully or partially in favour of housing.Brisbane Racing Club is also undergoing significant change with the delivery of its $1.5-billion masterplan.&nbsp;<h2>The project so far</h2> As racecourse owners look to futureproof their sites, Morphettville and other projects across Australia highlight the challenges of effectively integrating new developments into historic working racecourses.&nbsp;Racing at Morphettville dates back to 1875, but the area under development was underused, mainly as a race-day carpark.&nbsp;The club applied to the South Australian Government to rezone about 13ha of land initially.&nbsp;“The original plan would have delivered 500 homes on the racecourse and three towers on Anzac Highway of 12 storeys each,” Mayer says.As with many major development projects, Morphettville has gone through a process of shifting funding models and configurations. Permission was granted in 2020 to rezone the “urban core”, but the strip of land surrounding the tramway was excluded.“It changed our plans initially, we basically remodelled our tender process in regards to that piece of land.”&nbsp;<div id="1QkO4Jago3WLrhIyD9xUHb"><picture><img src="//images.ctfassets.net/8pr762qjocl3/2AePMjegGUNtLbqExhwsba/971b1aa707082eddfa8dbffc91c7bed3/Morphettville_race_track_____in_article.jpg" alt="null" data-mce-src="//images.ctfassets.net/8pr762qjocl3/2AePMjegGUNtLbqExhwsba/971b1aa707082eddfa8dbffc91c7bed3/Morphettville_race_track_____in_article.jpg"></picture><div>▲ The Morphettville project has changed scope from its inception, down to 7.5ha from initial plans for 13ha. </div></div>Australian thoroughbred racehorse auction house Magic Millions, owned since 2011 by Gerry Harvey and Katie Page, was on the land and involved at early stages.“Gerry and Magic Millions were keen to stay involved and had a financial offer on the table,” Mayer says.“But they thought long and hard about it—for Gerry it was about maintaining a presence for Magic Millions, he needed a base and wanted to stay as close to Morphettville as much as possible, because the cost of rebuilding would have been considerable.“The offer made initially was rejected, so we agreed to proceed without Gerry’s involvement. It was done amicably, and it was decided it would be a smaller 7.5ha development as a result.”<h2>Building on a working race track</h2> Developing a project on a working track was never going to be easy.“A key element of the tender process was that we wanted works on the development site to be organised so we can continue to race 44 times a year,” Mayer says.“We also have a current working pub and a sports bar and these hospitality venues are very important revenue streams for the club, so we wanted to keep that going through any build phase as long as possible, and Villawood found a way.”&nbsp;<div id="79CVNugwbO55X3ZnG5uUii"><picture><img src="//images.ctfassets.net/8pr762qjocl3/7b3O4gQ8yW3hVdxtfZ4YBx/7db6d79727fd72713160594a2810629b/Morphettville_apartment_buildings____.jpg" alt="null" data-mce-src="//images.ctfassets.net/8pr762qjocl3/7b3O4gQ8yW3hVdxtfZ4YBx/7db6d79727fd72713160594a2810629b/Morphettville_apartment_buildings____.jpg"></picture><div>▲ The Villawood development will deliver 150 apartments in mixed-use buildings and a further 250 townhouses. </div></div>Successful in the tender process for the pared-back site, these were the challenges Villawood was faced with, according to chief executive Alan Miller.&nbsp;“We do projects all around Australia and there are not many sites that are this unique,” Miller says.“But the whole concept of the racing industry developments combining hospitality with housing is the way of the future. It’s also important to remember that in terms of remaining metro tracks in Adelaide, this is the last one, so it has to be done right.&nbsp;“Developing around racecourses is an interesting thing, it’s not like a greenfield development. You have to think about its functionality as a track, ensuring that there are no shadows over tracks, for instance, so that was an interesting process to go through.”<h2>Forging ahead</h2> Next steps will follow quickly from the announcement of the partnership.&nbsp;“Next up is planning approvals and development application approvals, but hopefully it will be on the market next February,” says Villawood’s Miller.&nbsp;“We don’t want to take our time—South Australia is a really good market for us and everyone in general, and we think there’s high demand for product in that vicinity and given feedback from people Morphettville is such a great location for this.“Add to that we can do 15 per cent affordable housing, as part of the rezoning requirement. It’s a good catalyst for innovation, it’s not easy to achieve in terms of architectural outcomes.”The South Australian Jockey Club has now handed the project over to Villawood and once completed will mark a new age for the track, says Mayer.&nbsp;“From a high-level perspective, this is a gamechanger for the club. While we’re talking about development for commercial and housing, the benefactor is the racecourse.“We’re doing this to create ongoing revenue streams for the racecourse so we can continue to invest back into the racecourse.&nbsp;“It’s done with the purest intention to continue strengthening our core product and create a community on our doorstep, and the opportunities that come from it are amazing and we have to make sure we work with our new community to what we do here.” <hr> You are currently experiencing&nbsp;The Urban Developer&nbsp;Plus (TUD+), our premium membership for property professionals.&nbsp;<a href="https://www.theurbandeveloper.com/membership-plans" data-mce-href="https://www.theurbandeveloper.com/membership-plans">Click here to learn more.</a><div id="2GhuueZl01Zwo2aFfjNVi2"><picture><img src="//images.ctfassets.net/8pr762qjocl3/12UMq5eMSEOh0QxJVBYaDt/d7507cf4ceb1365cc9ce7eaff84d06cc/tud___banner.jpg" alt="TUD + Banner" data-mce-src="//images.ctfassets.net/8pr762qjocl3/12UMq5eMSEOh0QxJVBYaDt/d7507cf4ceb1365cc9ce7eaff84d06cc/tud___banner.jpg"></picture></div>

 After a years-long masterplanning process, Morphettville is set for a $350 million transformation as racetracks reinvent themselves for future growth…

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Building activity ended 2022 as it had spent much of the year—down—falling by 1.6 per cent for&nbsp; the December 2022 quarter.The data from the ABS construction activity report for the quarter showed that national building activity declined during the quarter to $30,578.6 million compared to the September quarter. Engineering activity, which usually encompassed infrastructure activity, increased by 1 per cent to $24,693.5 million for the last quarter of 2022.Within the building activity segment, residential building activity increased by 0.9 per cent nationally during the quarter compared to the previous quarter while non-residential building activity decreased by 5.1 per cent.Detached house construction activity (which does not include the data for apartment construction) decline 1.4 per cent.BIS Oxford Economics global construction forecasting head Nicholas Fearnley said that decline was down to issues in the industry.“The 1.4 per cent fall in house construction activity shows that capacity constraints are hampering activity levels, and points to the elevated backlog of work that has developed over the past two years and that will continue to support construction activity for some time,” Fearnley said.Despite the fall in non-residential building activity, Feranley said he did not expect this decline to continue this year.“We expect activity to firm over 2023, supported by a sizeable pipeline of public projects including schools, train stations and hospitals,” he said.&nbsp;“Sectors hit hard by the border closure and movement restrictions are also expected to rebound while the tailwind behind asset classes that have benefited through the pandemic, including warehouses and data centres, is set to persist.”New South Wales and Western Australia recorded increases in building activity with 1.3 per cent and 5 per cent respectively.Victorian building activity declined by 2.5 per cent, Queensland was down 1 per cent, South Australian by 8.6 per cent, Tasmanian 3.5 per cent, Northern Territory 6.5 per cent and the Australian Capital Territory’s declined 7.9 per cent.However, comparison with the December 2021 quarter tells a different story.Building activity in NSW, WA and Victoria has increased compared to the last quarter of 2021, up in 2022 by 1.8 per cent, 6.8 per cent and 3.8 per cent respectively.&nbsp;On a year-on-year basis for the quarter, Queensland’s building activity dropped by 3 per cent, South Australia’s was down 5.5 per cent, Tasmania’s declined 2.3 per cent, the Northern Territory down 18.9 per cent and the Australian Capital Territory’s lost 12 per cent. Change in building activity<table border="0" style="width: 100%; font-family: Panton-Bold, Helvetica, Arial, sans-serif; font-size: 14px; color: rgba(0, 0, 0, 0.87); border: unset; float: left; height: 584.5px;" class="mce-item-table" data-mce-style="width: 100%; font-family: Panton-Bold, Helvetica, Arial, sans-serif; font-size: 14px; color: rgba(0, 0, 0, 0.87); border: unset; float: left; height: 584.5px;"><tbody><tr style="height: 104.5px;" data-mce-style="height: 104.5px;"><td style="width: 33.1614%; height: 104.5px;" data-mce-style="width: 33.1614%; height: 104.5px;">State or territory</td><td style="width: 33.6715%; height: 104.5px;" data-mce-style="width: 33.6715%; height: 104.5px;">Change in activity from September 2022 to December 2022 (%)</td><td style="width: 33.1672%; height: 104.5px;" data-mce-style="width: 33.1672%; height: 104.5px;">Change in activity from December 2021 to December 2022 (%)</td></tr><tr style="height: 57px;" data-mce-style="height: 57px;"><td style="width: 33.1614%; height: 57px;" data-mce-style="width: 33.1614%; height: 57px;">New South Wales</td><td style="width: 33.6715%; height: 57px;" data-mce-style="width: 33.6715%; height: 57px;">1.3</td><td style="width: 33.1672%; height: 57px;" data-mce-style="width: 33.1672%; height: 57px;">1.8</td></tr><tr style="height: 57px;" data-mce-style="height: 57px;"><td style="width: 33.1614%; height: 57px;" data-mce-style="width: 33.1614%; height: 57px;">Victoria</td><td style="width: 33.6715%; height: 57px;" data-mce-style="width: 33.6715%; height: 57px;">-2.5</td><td style="width: 33.1672%; height: 57px;" data-mce-style="width: 33.1672%; height: 57px;">3.8</td></tr><tr style="height: 57px;" data-mce-style="height: 57px;"><td style="width: 33.1614%; height: 57px;" data-mce-style="width: 33.1614%; height: 57px;">Queensland</td><td style="width: 33.6715%; height: 57px;" data-mce-style="width: 33.6715%; height: 57px;">-1.0</td><td style="width: 33.1672%; height: 57px;" data-mce-style="width: 33.1672%; height: 57px;">-3</td></tr><tr style="height: 57px;" data-mce-style="height: 57px;"><td style="width: 33.1614%; height: 57px;" data-mce-style="width: 33.1614%; height: 57px;">South Australia</td><td style="width: 33.6715%; height: 57px;" data-mce-style="width: 33.6715%; height: 57px;">-8.6</td><td style="width: 33.1672%; height: 57px;" data-mce-style="width: 33.1672%; height: 57px;">-5.5</td></tr><tr style="height: 57px;" data-mce-style="height: 57px;"><td style="width: 33.1614%; height: 57px;" data-mce-style="width: 33.1614%; height: 57px;">Western Australia</td><td style="width: 33.6715%; height: 57px;" data-mce-style="width: 33.6715%; height: 57px;">5.0</td><td style="width: 33.1672%; height: 57px;" data-mce-style="width: 33.1672%; height: 57px;">6.8</td></tr><tr style="height: 57px;" data-mce-style="height: 57px;"><td style="width: 33.1614%; height: 57px;" data-mce-style="width: 33.1614%; height: 57px;">Tasmania</td><td style="width: 33.6715%; height: 57px;" data-mce-style="width: 33.6715%; height: 57px;">-3.5</td><td style="width: 33.1672%; height: 57px;" data-mce-style="width: 33.1672%; height: 57px;">-2.3</td></tr><tr style="height: 57px;" data-mce-style="height: 57px;"><td style="width: 33.1614%; height: 57px;" data-mce-style="width: 33.1614%; height: 57px;">Northern Territory</td><td style="width: 33.6715%; height: 57px;" data-mce-style="width: 33.6715%; height: 57px;">-6.5</td><td style="width: 33.1672%; height: 57px;" data-mce-style="width: 33.1672%; height: 57px;">-18.9</td></tr><tr style="height: 81px;" data-mce-style="height: 81px;"><td style="width: 33.1614%; height: 81px;" data-mce-style="width: 33.1614%; height: 81px;">Australian Capital Territory</td><td style="width: 33.6715%; height: 81px;" data-mce-style="width: 33.6715%; height: 81px;">-7.9</td><td style="width: 33.1672%; height: 81px;" data-mce-style="width: 33.1672%; height: 81px;">-12.0</td></tr></tbody></table>Source: Construction Work Done, Preliminary Report, February 2023, Australian Bureau of Statistics&nbsp;&nbsp; Fearnley said it was not expect the changes in demand for housing would show in the data for another few years.“Demand for new homes, however, has fallen significantly in response to building costs, delays and credit availability,” he said.“This isn’t expected to materially affect the work done numbers until the back end of 2024 and 2025.”Engineering activity increased by 1 per cent in the December 2022 quarter driven by increased government investment in infrastructure projects.“Activity is forecast to grow over the coming years, supported by a large pipeline of publicly funded transportation projects,” Fearnley said.He said pricing would also gradually improve as the market reacted to inflation and other factors.“Ultimately, higher prices encourage a supply response, as higher wages attract more workers to the construction sector and stronger material prices encourage suppliers to bring more capacity online,” Fearnley said.“The strong demand for construction activity, both domestically and globally, over the coming years ensures that the supply side response to high prices is unlikely to create a ‘whipsaw’ effect, whereby we see a sharp fall in construction costs.”Data in the report is collected directly from a survey of organisations and entities within the construction industry, with an average response rate of 85 per cent.&nbsp;Recent reports have seen a response rate of 70 per cent according to the ABS, signalling that further corrections to estimates and figures may need to be made.

Infrastructure projects seemingly took over in the fourth quarter of 2022, as the latest ABS data shows a drop in national building activity...


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The design for the $98-million next stage for a popular Adelaide high school has been revealed with space for the predicted 700 extra students to go up, not out.The Adelaide Botanic High School expansion project was prompted by the tipped increase in student numbers, which will bring the cohort to 1950 across years 7 to 12.The high school on Frome Road is surrounded on three sides by the city’s botanic gardens and is of the doorstep of Adelaide’s CBD.Under the concept plan and framework by Cox Architecture, a vertical building will integrate with the existing communal spaces.As the building is vertical, tit does not have traditional corridors, while building services will be exposed across ceilings to showcase operational engineering so students can seehow a building is constructed, according to the architects.&nbsp;<div id="sa59fmofx79dzPmy7Zp8H">There will also be new contemporary learning areas with food technology, music and an entrepreneurial hub, and the school’s second cafe with indoor and outdoor eating areas.</div>The rooftop will have the school’s second sports facility including an enclosed basketball half-court and a multi-purpose half-court.This stage of the project is scheduled for completion in 2024.The first stage created a new built form and central atrium to integrate with the original 1960s Reid Building.<div id="gKROiaIEZXe0dKt9Q0nYH"><picture><img src="//images.ctfassets.net/8pr762qjocl3/36awQ8gF4fS7Ju884y42jK/18297cae823150018d47c80e43589299/ABHS2_-_Lot_Fourteen_Perpsective.jpg" alt="Cox Architecture has designed the concept for the second stage of the Adelaide Botanic High School project. " data-mce-src="//images.ctfassets.net/8pr762qjocl3/36awQ8gF4fS7Ju884y42jK/18297cae823150018d47c80e43589299/ABHS2_-_Lot_Fourteen_Perpsective.jpg"></picture><div>▲ A render of the Cox-Architecture-designed concept for the second stage of the Adelaide Botanic High School project. </div></div>“We aspire to deliver an environment where students can explore their interests deeply, collaborate with peers and become informed future citizens,” Cox Architecture director Zoe King said.Outside school hours, existing facilities including the atrium, terrace, gym, recording studios and kitchen spaces are used by the community, universities and government agencies.Illuminate Adelaide and other events are staged at the school—it is anticipated that the new rooftop areas will also host such events.Cox Architecture director Adam Hannon said the practice was pleased to “progress the next phase of Adelaide Botanic High School, increasing the opportunity for more students to benefit from the state-of-the-art facilities”.&nbsp;As land becomes more scarce, building low-rise horizontal educational buildings is giving way to <a href="https://www.theurbandeveloper.com/articles/vertical-campuses-development-partnership-australia" target="_blank" rel="noopener" data-mce-href="https://www.theurbandeveloper.com/articles/vertical-campuses-development-partnership-australia">educational campuses that contain all required components and services within vertical developments</a>.

As the number of students increases, the South Australian is opting for an unfamiliar direction with the next stage of their Adelaide Botanic High School expansion project.

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South Australia’s Department of Infrastructure and Transport has resubmitted plans for a $50-million headquarters for the South Australian Sports Institute in Adelaide’s inner west.The three-storey project, planned for an 8.6ha Kidman Park site at 145 Railway Terrace in Mile End, has now been lodged with PlanSA after being before the West Torrens City Council for the past year.If approved, the 5-Star Green Building would provide more than 400 high-performance athletes with access to state-of-the-art training facilities and integrated technologies.The headquarters would have a strength and conditioning gym capable of accommodating multiple sports and teams.It would also have sport specific ergometer training zones, indoor bounding areas and environment chambers for heat, humidity and altitude stress training.It will also include offices, a multi-use court, lecture theatres, physiotherapy rooms, gyms, recovery pools and saunas, and a cafe.South Australia sport minister Corey Wingard said the new facility would provide high-performance athletes with access to state-of-the-art training facilities and leading-edge integrated technologies.“The South Australian Sports Institute was Australia’s first state-based sports institute but has never had its own purpose-designed facility that is fit-for-purpose and for the past 21 years has operated out of the old Kidman Park High School,” Wingard said.“Despite that, South Australia has developed and produced some of the best athletes in the world and this investment will help build on that legacy.”<div id="1xvtPnmMnDdm3E1SyUHFWk"><picture><img src="//images.ctfassets.net/8pr762qjocl3/5TI49jlljpzXG2hVRMpyDm/6d417ede5b1ad8c95f22bbf1d62a2762/121213-way-split-new.jpg" alt="Artist impressions of the proposed South Australian Sports Institute headquarters" data-mce-src="//images.ctfassets.net/8pr762qjocl3/5TI49jlljpzXG2hVRMpyDm/6d417ede5b1ad8c95f22bbf1d62a2762/121213-way-split-new.jpg"></picture><div>▲ Artist impressions of the proposed South Australian Sports Institute headquarters. Image: Cox Architecture </div></div>For the past two decades South Australian Sports Institute has operated out of the former Kidman Park High School site and athletics track.The existing facility has been labelled as “outdated” and in “poor condition” limiting the South Australian Sports Institute from “delivering world-class high-performance training”.The state government has since allocated $50 million towards constructing a new facility. The new headquarters would create about 200 jobs during construction, which is expected to start next year and be completed by mid-2024.Landscaping works have already commenced within the Mile End Sports Precinct by the Office for Recreation, Sport and Racing.&nbsp;The Cox Architecture-designed development would involve 140 trees removed to be supplemented by 160 new tree plantings and additional shrubs.Meanwhile, plans for a new $700-million indoor stadium on the western side of the Morphett Street bridge are still being floated.The stadium will have a capacity of 15,000 spectators, and house concerts, conventions and other events, as well as basketball and netball games.The state government plans to sell off the Adelaide Entertainment Centre to developers to help pay for the new stadium.The projects come as many cities across Australia look to generate more investment into sports science as well as commercial and residential real estate in the lead-up to the <a data-mce-href="https://www.theurbandeveloper.com/articles/brisbane-olympics-2032-development-infrastructure-projects" href="https://www.theurbandeveloper.com/articles/brisbane-olympics-2032-development-infrastructure-projects" target="_blank" rel="noopener">2032 Brisbane Olympics</a>.

South Australian Sports Institute is a step closer with PlanSA considering the application for the $50 million alongside Athletics SA...

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An Adelaide-based developer is planning to take the humble house boat to another level as part of a masterplanned waterfront development on South Australia’s Yorke Peninsula.The Lillis Group, founded by the late Australian bookmaking legend Terry Lillis and business partner John McDonald, has signaled its plans to add three stages of development to the Port Vincent marina, including nine floating homes and a cafe.Lillis Group project director Peter Villis told The Urban Developer plans for the masterplan, to be known as Dockside, would add to the popular 120-berth marina that it had delivered in the early 2000s.The group has maintained ownership of several properties within the marina precinct, including a vacant 2900sq m site at 2-6 Marina Drive adjoining the boat ramp and the marina berths.“For a long time Terry and John understood the area’s potential,” Villis said.&nbsp;“A lot of sailors have been drawn to Port Vincent—due west across the St Vincent Gulf from Adelaide, as it holds some of the best winter sailing waters on the planet.<div id="1FBmZKBQjGKBDuGGBKvKwI"><picture><img src="//images.ctfassets.net/8pr762qjocl3/u3t89cw0gLr3vvrPsrXtH/3600a639e0eee0ed6b0804d593ae14d3/21212Untitled-2.jpg" alt="The Cruising Yacht Club of South Australia" data-mce-src="//images.ctfassets.net/8pr762qjocl3/u3t89cw0gLr3vvrPsrXtH/3600a639e0eee0ed6b0804d593ae14d3/21212Untitled-2.jpg"></picture><div>▲ The Cruising Yacht Club of South Australia manages the berths within the marina which offers direct access to Gulf St Vincent. Image: Nearmap </div></div>“We are now looking to push the development forward to establish a world class boutique marina.“We wanted to be bold and we’ve put forward a staged development that compliments this historically rich and naturally beautiful part of Australia.”Villas said the community had played an important role in shaping the development, with suggestions now in place such as a seawater swimming pool and boutique gin distillery.“When early concepts for apartments were presented for the site the local community came back and suggested people living and floating on the marina. It was their input that has shaped this outcome.“This project will enliven the already popular Yorke Peninsula which has long been a relaxing place for sailing, fishing and swimming.”The project’s first stage will comprise eight two- and three-storey waterfront townhouses, six of which will be located on the waterfront with access to a shared pontoon.&nbsp;<div id="3FnmbQniWLOacUZJoExH79"><picture><img src="//images.ctfassets.net/8pr762qjocl3/6s9URMqpTq3ir4pDrvrzJ5/a22264e9094087d931c28d82eabb2042/12Untitled-1.jpg" alt="Float 
Port Vincent" data-mce-src="//images.ctfassets.net/8pr762qjocl3/6s9URMqpTq3ir4pDrvrzJ5/a22264e9094087d931c28d82eabb2042/12Untitled-1.jpg"></picture><div>▲ E-Row is set to have nine floating homes and a floating cafe. </div></div>The second stage will include the three-level floating homes moored near the end of Breakwater Drive.&nbsp;Australian eco-friendly and sustainability specialists Dragonfly Afloat have been enlisted to build the custom 221sq m two and three-bedroom floating homes. Each home will have front and rear decks on levels one and two as well as a rooftop deck holding views across the Gulf St Vincent.Dragonfly Afloat will also deliver a custom designed, two-level floating cafe that will seat 75 people.The final stage was intended to be delivered as an apartment building but has now pivoted to a 5-storey hotel on the western edge of the Port Vincent marina. It will offer 32 one-bedroom, 17 two-bedroom and 3 three-bedroom guest rooms.A rooftop space is planned for functions and events on the building’s fourth level, holding views of the marina, township and St Vincent Gulf. The existing pontoon is also set to be expanded to create a further 200sq m space for outdoor dining or events on the water.Villis said conversations were ongoing with three hotel groups vying for the forthcoming waterfront complex.<div id="6zsyxZHeYhTct4euTffrW7"><picture><img src="//images.ctfassets.net/8pr762qjocl3/5gTK124v8sGfjZFg5ERk16/c7abbd904687999bc6b3a162e1438c19/123-way-split-new.jpg" alt="Dockside Port Vincent renders" data-mce-src="//images.ctfassets.net/8pr762qjocl3/5gTK124v8sGfjZFg5ERk16/c7abbd904687999bc6b3a162e1438c19/123-way-split-new.jpg"></picture><div>▲ The floating homes will be on marina berths owned by Lillis Group and originally designed for large vessels. The two townhouse sites are at opposite ends of the marina. Image: Studio Nine Architects&nbsp; </div></div>It is hoped that these developments will be a catalyst to help build and drive the economy for Port Vincent and contribute to the long-term economic growth of the region.“We’re also working closely with a builder Quatro to deliver the townhouses, which are now on the market,” he said.“We are aiming to break ground early in the new year before moving onto the major complex in the middle of the year.“The floating elements—houses and cafe—will likely be closer to the first half of 2024 with the cafe aiming to be operational by 2024.”The development is timely.Like many regional areas, tourism has experienced a boom right across South Australia.&nbsp;Last year, Yorke Peninsula achieved 97 per cent of its 2025 target of $289 million in visitor expenditure with high-quality accommodation achieving annual occupancies in excess of 70 per cent year round. Tourism expenditure is now expected to top $360 million by 2030.Other popular regional developments include the former Southern Ocean Lodge at Kangaroo Island, more recently the Bridgeport Hotel at Murray Bridge, Port Lincoln Hotel, Novotel Barossa Valley Resort, Oasis Apartments at Port Augusta.

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Australia’s housing downturn has widened with all but one location recording a drop in housing values last month.CoreLogic’s national Home Value Index (HVI) moved through a sixth month of consistent declines as values fell a further 1.2 per cent in October.Across the capital cities the month-on-month decline ranged from a 2 per cent fall in Brisbane to Perth where dwelling values nudged 0.2 per cent lower.&nbsp;For the rest-of-state regions, monthly falls of more than 1 per cent were recorded in regional NSW (-1.7 per cent), regional Victoria (-1.4 per cent) and regional Queensland (-1.3 per cent). Only regional SA recorded a positive, up 0.1 per cent.Although more regions are recording a fall in housing values, the rate of declines remain diverse, according to Corelogic.&nbsp;The pace of falls has eased over the past two months across Sydney and the past three months in Melbourne but has gathered momentum in Brisbane where home values are now falling the most rapidly of any capital city or rest-of-state region.&nbsp;The changing dynamic across the largest cities has seen the rate of decline across the combined capitals index ease from a 1.6 per cent drop in August to 1.4 per cent in September and 1.1 per cent in October.Change in home values to October 31, 2022<table style="width: 100%; font-family: Panton-Bold, Helvetica, Arial, sans-serif; font-size: 14px; color: rgba(0, 0, 0, 0.87); border: unset;" border="1" data-mce-style="width: 100%; font-family: Panton-Bold, Helvetica, Arial, sans-serif; font-size: 14px; color: rgba(0, 0, 0, 0.87); border: unset;"><tbody><tr><td style="width: 16.4961%;" data-mce-style="width: 16.4961%;"> </td><td style="width: 16.7513%;" data-mce-style="width: 16.7513%;">Month</td><td style="width: 16.7513%;" data-mce-style="width: 16.7513%;">Quarter</td><td style="width: 16.7513%;" data-mce-style="width: 16.7513%;">Annual</td><td style="width: 16.7513%;" data-mce-style="width: 16.7513%;">Total return</td><td style="width: 16.4989%;" data-mce-style="width: 16.4989%;">Median value</td></tr><tr><td style="width: 16.4961%;" data-mce-style="width: 16.4961%;">Sydney</td><td style="width: 16.7513%;" data-mce-style="width: 16.7513%;">-1.3%</td><td style="width: 16.7513%;" data-mce-style="width: 16.7513%;">-5.3%</td><td style="width: 16.7513%;" data-mce-style="width: 16.7513%;">-8.6%</td><td style="width: 16.7513%;" data-mce-style="width: 16.7513%;">-6.9%</td><td style="width: 16.4989%;" data-mce-style="width: 16.4989%;">$1,036,727</td></tr><tr><td style="width: 16.4961%;" data-mce-style="width: 16.4961%;">Melbourne</td><td style="width: 16.7513%;" data-mce-style="width: 16.7513%;">-0.8%</td><td style="width: 16.7513%;" data-mce-style="width: 16.7513%;">-3.1%</td><td style="width: 16.7513%;" data-mce-style="width: 16.7513%;">-5.6%</td><td style="width: 16.7513%;" data-mce-style="width: 16.7513%;">-2.8%</td><td style="width: 16.4989%;" data-mce-style="width: 16.4989%;">$767,711</td></tr><tr><td style="width: 16.4961%;" data-mce-style="width: 16.4961%;">Brisbane</td><td style="width: 16.7513%;" data-mce-style="width: 16.7513%;">-2.0%</td><td style="width: 16.7513%;" data-mce-style="width: 16.7513%;">-5.4%</td><td style="width: 16.7513%;" data-mce-style="width: 16.7513%;">8.4%</td><td style="width: 16.7513%;" data-mce-style="width: 16.7513%;">12.5%</td><td style="width: 16.4989%;" data-mce-style="width: 16.4989%;">$728,615</td></tr><tr><td style="width: 16.4961%;" data-mce-style="width: 16.4961%;">Adelaide</td><td style="width: 16.7513%;" data-mce-style="width: 16.7513%;">-0.3%</td><td style="width: 16.7513%;" data-mce-style="width: 16.7513%;">-0.6%</td><td style="width: 16.7513%;" data-mce-style="width: 16.7513%;">16.5%</td><td style="width: 16.7513%;" data-mce-style="width: 16.7513%;">20.3%</td><td style="width: 16.4989%;" data-mce-style="width: 16.4989%;">$654,079</td></tr><tr><td style="width: 16.4961%;" data-mce-style="width: 16.4961%;">Perth</td><td style="width: 16.7513%;" data-mce-style="width: 16.7513%;">-0.2%</td><td style="width: 16.7513%;" data-mce-style="width: 16.7513%;">-0.7%</td><td style="width: 16.7513%;" data-mce-style="width: 16.7513%;">4.0%</td><td style="width: 16.7513%;" data-mce-style="width: 16.7513%;">8.6%</td><td style="width: 16.4989%;" data-mce-style="width: 16.4989%;">$559,043</td></tr><tr><td style="width: 16.4961%;" data-mce-style="width: 16.4961%;">Hobart</td><td style="width: 16.7513%;" data-mce-style="width: 16.7513%;">-1.1%</td><td style="width: 16.7513%;" data-mce-style="width: 16.7513%;">-4.1%</td><td style="width: 16.7513%;" data-mce-style="width: 16.7513%;">-1.0%</td><td style="width: 16.7513%;" data-mce-style="width: 16.7513%;">2.7%</td><td style="width: 16.4989%;" data-mce-style="width: 16.4989%;">$696,344</td></tr><tr><td style="width: 16.4961%;" data-mce-style="width: 16.4961%;">Darwin</td><td style="width: 16.7513%;" data-mce-style="width: 16.7513%;">-0.8%</td><td style="width: 16.7513%;" data-mce-style="width: 16.7513%;">0%</td><td style="width: 16.7513%;" data-mce-style="width: 16.7513%;">4.9%</td><td style="width: 16.7513%;" data-mce-style="width: 16.7513%;">11.2%</td><td style="width: 16.4989%;" data-mce-style="width: 16.4989%;">$507,821</td></tr><tr><td style="width: 16.4961%;" data-mce-style="width: 16.4961%;">Canberra</td><td style="width: 16.7513%;" data-mce-style="width: 16.7513%;">-1.0%</td><td style="width: 16.7513%;" data-mce-style="width: 16.7513%;">-4.3%</td><td style="width: 16.7513%;" data-mce-style="width: 16.7513%;">1.0%</td><td style="width: 16.7513%;" data-mce-style="width: 16.7513%;">4.7%</td><td style="width: 16.4989%;" data-mce-style="width: 16.4989%;">$876,657</td></tr><tr><td style="width: 16.4961%;" data-mce-style="width: 16.4961%;">Combined capital</td><td style="width: 16.7513%;" data-mce-style="width: 16.7513%;">-1.1%</td><td style="width: 16.7513%;" data-mce-style="width: 16.7513%;">-4.0%</td><td style="width: 16.7513%;" data-mce-style="width: 16.7513%;">-3.1%</td><td style="width: 16.7513%;" data-mce-style="width: 16.7513%;">-0.5%</td><td style="width: 16.4989%;" data-mce-style="width: 16.4989%;">$787,485</td></tr><tr><td style="width: 16.4961%;" data-mce-style="width: 16.4961%;">Combined regionals</td><td style="width: 16.7513%;" data-mce-style="width: 16.7513%;">-1.4%</td><td style="width: 16.7513%;" data-mce-style="width: 16.7513%;">-4.1%</td><td style="width: 16.7513%;" data-mce-style="width: 16.7513%;">6.6%</td><td style="width: 16.7513%;" data-mce-style="width: 16.7513%;">10.5%</td><td style="width: 16.4989%;" data-mce-style="width: 16.4989%;">$581,412</td></tr><tr><td style="width: 16.4961%;" data-mce-style="width: 16.4961%;">National</td><td style="width: 16.7513%;" data-mce-style="width: 16.7513%;">-1.2%</td><td style="width: 16.7513%;" data-mce-style="width: 16.7513%;">-4.1%</td><td style="width: 16.7513%;" data-mce-style="width: 16.7513%;">-0.9%</td><td style="width: 16.7513%;" data-mce-style="width: 16.7513%;">1.8%</td><td style="width: 16.4989%;" data-mce-style="width: 16.4989%;">$721,018</td></tr></tbody></table>^ Source: Corelogic CoreLogic research director Tim Lawless said it was probably still too early to claim the worst of the decline phase was over.“Despite the easing in the pace of decline, with Australian borrowers facing the double whammy of further interest rate hikes along with persistently high and rising inflation, there is a genuine risk we could see the rate of decline re-accelerate as interest rates rise further and household balance sheets become more thinly stretched,” he said.“To date, the housing downturn has remained orderly, at least in the context of the significant upswing in values.“This is supported by a below-average flow of new listings that is keeping overall inventory levels contained.“There’s also tight labour market conditions, an accrual of borrower savings and a larger than normal cohort of fixed interest rate borrowers, who have so far been insulated from the rapid rise in interest rates.”Housing values across most of the broad regions remain well above pre-Covid levels, implying most homeowners remain in a positive valuation position relative to their purchase price.At the combined capital city level, housing values have fallen 6.5 per cent after a 25.5 per cent rise through the upswing.&nbsp;Sydney home values are down 10.2 per cent since peaking in January (after a 27.7 per cent rise) and Melbourne values down 6.4 per cent since February (after rising 17.3 per cent).Change in home values to end of October, 2022<div id="2cD0O36xkUpaEsefRz9Uwr"><picture><img src="//images.ctfassets.net/8pr762qjocl3/6ZvE6WOzZVVIOLktrQCjfE/0f661d79ac8f190484dc88bcdf42234c/Screen_Shot_2022-11-01_at_10.33.14_am.png" alt="Change in home values to end of October 2022" data-mce-src="//images.ctfassets.net/8pr762qjocl3/6ZvE6WOzZVVIOLktrQCjfE/0f661d79ac8f190484dc88bcdf42234c/Screen_Shot_2022-11-01_at_10.33.14_am.png"></picture><div>^ Source: Corelogic </div></div>Across the 310 SA3 sub-regions analysed nationally (excluding areas with low sales or low confidence scores), only 16 regions remained at cyclical highs at the end of October, with a skew towards the more affordable areas of Perth and Adelaide and a mix of regional markets.House values have continued to fall at a faster rate than unit values across most regions. Capital city house values were down 1.2 per cent in October compared to a 0.7 per cent decline in unit values.This underperformance across the lower density sector had been a feature of the downturn, partially offsetting the substantially larger rise in house values through the growth phase, Corelogic said. &nbsp;Through the upswing, capital city house values increased by 29.9 per cent, which was more than double the rise in unit values at 13.2 per cent.&nbsp;Since peaking in April, capital city house values have reduced by 7.2 per cent while unit values are down 4.2 per cent.

Australia’s housing downturn has widened with all but one region recording a drop in housing values last month…

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Work on Adelaide’s $200-million indigenous art gallery has been put on hold amid claims of a cost blowout.The previous SA government allocated $115 million in its Budget towards the project at Lot Fourteen while the Commonwealth Government tipped in an additional $85 million.<a data-mce-href="https://www.theurbandeveloper.com/articles/final-plans-for-200m-aboriginal-arts-centre-revealed" href="https://www.theurbandeveloper.com/articles/final-plans-for-200m-aboriginal-arts-centre-revealed" target="_blank" rel="noopener">Tarrkari, the Centre for First Nationals Cultures</a>, had been due to be completed by 2025 following a design competition for the final project.Woods Bagot, in partnership with Diller Scofidio + Renfro, designed the centre with overlapping layers in the facade and a gathering space in the centre to create a gateway for cultural exchange.Woods Bagot principal Rosina Di Maria said the 11,500sq m building’s design was based on connected layers that reflected Aboriginal connection to country, place and kin.The Labor state government launched an “urgent review” into the previous government’s plans for the site claiming it would actually cost in excess of $250 million to create a state significant gallery.Speaking at the Purrumpa: First Nations Arts and Cultural Gathering at the Adelaide Convention Centre, Premier Peter Malinauskas said an internationally renowned project could not be delivered for the $200-million budget.“A centre celebrating the longest continuous culture on Earth, celebrating 60,000 years of history, situated within one of Adelaide’s most significant locations, must do justice to the cultures that it seeks to represent,” he said.“In that context, good isn’t good enough.“South Australia’s First Nations cultural centre should be truly magnificent.”Businesswoman Carolyn Hewson is leading the review of the project alongside former politicians Ken Wyatt and Bob Carr. They are due to complete the review by Easter next year.Malinauskas said the project would still go ahead at the existing site after a thorough review of the project and costings.&nbsp;

Work on Adelaide's Tarrkari Indigenous Arts Centre has been halted amid concerns over cost blowouts...

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The Federal Labor government has announced a $9.6-billion infrastructure spend across Australia as part of its first Budget.The record funding encompasses rail and road projects and makes good on promise by now-Prime Minister Anthony Albanese in the run-up to the May election.Albanese said that “sound and planned infrastructure investment in Australia creates jobs, builds opportunity and unlocks economic growth and productivity for our cities and our regions”.“It’s about making journeys quicker, but also making sure people can get home to their families safely,” he said during the announcement on Sunday.“Through our first Budget, my team is getting on with the job of delivering projects in consultation with Infrastructure Australia and all levels of government to make a real difference to the lives of Australians.”Topping the spend for Victoria, the $3.6-billion Melbourne Intermodal Terminal Package will receive $3.1 billion in new commitments in the Budget.Also in that state, $2.2 billion has been allocated to the Suburban Railway Loop, a 90km rail line that will link every major rail line from the Frankston Line to the Werribee Line <a href="https://www.theurbandeveloper.com/articles/melbourne-airport-rail-link-revealed" data-mce-href="https://www.theurbandeveloper.com/articles/melbourne-airport-rail-link-revealed">via Melbourne Airport</a>.It has been criticised by the state auditor-general, who said a full business case for the project had not been provided and that the government had not “demonstrated the economic rationale for the entire project”.In Queensland, two sections of east coast rail links have been funded with $1.6 billion for the Brisbane to the Sunshine Coast (Beerwah—Maroochydore) rail extension, and $1.1 billion for the Brisbane to the Gold Coast (Kuraby—Beenleigh) faster rail upgrade.Similarly, in NSW, $1 billion has been put up for the Sydney to Newcastle (Tuggerah—Wyong) faster rail upgrade.<div id="36Gh18fNuRWn3pWMc4NtYP"><picture><img src="//images.ctfassets.net/8pr762qjocl3/1c90sIgmguitB095RM2BNO/ba85e255d2fa8a2ba7c962a135e7a4e7/Mid_article_resizes__1_.jpg" alt="A render of the Monash station, part of the Melbourne Rail Loop project." data-mce-src="//images.ctfassets.net/8pr762qjocl3/1c90sIgmguitB095RM2BNO/ba85e255d2fa8a2ba7c962a135e7a4e7/Mid_article_resizes__1_.jpg"></picture><div>▲ A render of the Monash station, part of the Melbourne Rail Loop project. </div></div>Also in NSW, $77.5 million has been put forward for the development of a Final Business Case and early property acquisitions for an extension of the Sydney Metro Western Sydney Airport line from Bradfield to Glenfield via Leppington.In the Queensland capital, $150 million has been allocated to help deliver a new metro station at Woolloongabba, home to the main stadium for the city’s Olympic Games.Across WA, the NT and Queensland, $678 million will be spent on the Outback Way road link.In Tasmania, $336 million has been allocated to the Tasmanian Roads Package—Northern Roads Package Stage 2, and in SA $200 million for the Marion Road—Anzac Highway to Cross Road.The announcement also includes a $145 million spend for the Thomas Road—Dual Carriageway—South Western Highway to Tonkin Highway and interchange at Tonkin Highway in WA, $132 million for Central Australian Tourism Roads in the NT, and $46.7 million towards the Athllon Drive Duplication in the ACT.The announcement has been met with criticism that Coalition government states, including NSW, have been “dudded’ by the announcements with that state’s infrastructure minister, Rob Stokes, and transport minister, David Elliott, saying the federal government had “short-changed” their state.Stokes said the budget announcements included twice as much funding to Victoria and the NT as NSW, while WA Liberal senator Michaelia Cash pointed out her state was receiving less than Tasmania.

Infrastructure projects across Australia will received a $9.6-billion investment under the Federal government’s first Budget…

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Hometown property developer Simon Chappel has won approval for his 18-storey retirement-living tower in the heart of Adelaide’s CBD.South Australia’s State Commission Assessment Panel approved the plans for the site that straddles two properties: a 1909sq m site at 154 Angas Street and a 205sq m site at 20 Gunson Street.&nbsp;Chappel set up Best Life Communities in October 2021 to explore the vertical land lease model to create more affordable retirement living options after selling his luxury retirement living village On Statenborough in Leabrook.The land lease model allows residents to buy the property and sell or bequeath it to family members without attracting stamp duties, taxes or fees.While this cuts costs, a vertical land lease model, where there is less land, allows residents to access and buy housing at an even cheaper rate.Chappel’s firm Angus and Gunson bought the sites for $6.75 million in April 2021.Corelogic property records showed Lefkas Pty Ltd as the former owner of both sites.&nbsp;<div id="Uq0fZ6Ng00Ez5ESUEpTtd"><picture><img src="//images.ctfassets.net/8pr762qjocl3/364GBPoXvePmrvRtvrPf9D/c4cfcaa30cfbf2951122320c844f06a8/adelaide_retirement_living_tower_story_mid.jpeg" alt="Simon Chappel's firm Angus and Gunson Pty Ltd applied for planning approval for a vertical land lease model for retirement living." data-mce-src="//images.ctfassets.net/8pr762qjocl3/364GBPoXvePmrvRtvrPf9D/c4cfcaa30cfbf2951122320c844f06a8/adelaide_retirement_living_tower_story_mid.jpeg"></picture><div>▲ A render of the approved retirement living tower in Adelaide. </div></div>The plans were designed by Cheesman Architects and comprise an 18-storey tower with 155 residential units on levels four to 17.&nbsp;The ground floor will have commercial and community tenancies and there will be three levels of car parking.Though Angus and Gunson Pty Ltd was the applicant and owner of the site, Best Life Communities will operate the property once developed.Best Life Communities has a pipeline of more than 550 homes targeted at over-50s.&nbsp;It is currently selling 80 homes in the first stages of a project at Playford Waters, next to the Munno Para Shopping Centre, north of the city.The project will have a community centre, gym, library and activities room.It also has 320 homes at Victor Harbour, 85km south of Adelaide, on a former SA Water site and has started selling the first stage.

Adelaide property developer Simon Chappel has won approval for his 18-storey retirement living tower in the heart of Adelaide’s CBD.
South Australia’s State Commission Assessment Panel approved the plans on 14 September.


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A 180m tower in the heart of the Adelaide CBD, known as Dominator 1, has been approved by the State Commission Assessment Panel.JWDT Land, a joint venture between developers Jinwei and Datong, originally proposed as a 227m tower with 67 storeys when it bought the site in 2016.&nbsp;According to reports at the time, the Sydney-based developer paid $11.6 million for the 1910sq m site at 207-209 Pulteney Street where it crosses Flinders Street in Adelaide’s CBD.JWDT bought the land from Australian Datong Investment and Development.&nbsp;The site currently has a three-storey office building and open air car park occupied by JWDT.&nbsp;The Cox Architecture-designed plans for the site show a tower of 55 storeys including one basement and 11 podium levels.&nbsp;The project will comprise 330 one to four-bedroom apartments, 160 hotel rooms, three restaurants, bar and function areas and conference facilities.&nbsp;It will also include six penthouses and a sky lounge.&nbsp;<div id="5mvO7EOWfAvtdxyC5AQPOm"><picture><img src="//images.ctfassets.net/8pr762qjocl3/45sarqnKZV9RYR58wT73o1/8f1d7843732ff42fd4fc1103e0257eb7/2.jpg" alt="Freemasons Tower Adelaide" data-mce-src="//images.ctfassets.net/8pr762qjocl3/45sarqnKZV9RYR58wT73o1/8f1d7843732ff42fd4fc1103e0257eb7/2.jpg"></picture><div>▲ A concept render of the Dominator 1’s rival, the Freemasons Hall tower<span style="font-family: -apple-system, BlinkMacSystemFont, 'Segoe UI', Roboto, Oxygen, Ubuntu, Cantarell, 'Open Sans', 'Helvetica Neue', sans-serif;" data-mce-style="font-family: -apple-system, BlinkMacSystemFont, 'Segoe UI', Roboto, Oxygen, Ubuntu, Cantarell, 'Open Sans', 'Helvetica Neue', sans-serif;">.&nbsp; </div>There will be 277 car parking spaces and 356 bicycle storage spaces across one basement level, the ground floor and the first nine levels of the podium.&nbsp;Wind impacts mean that the rooms will not include balconies but 48 of the hotel rooms will have access to enclosed winter gardens.&nbsp;Adelaide Airport Ltd found that the height of the tower would enter airspace but has stated that it has no objection to the plans for the tower and that it would not obstruct airspace within the CBD. </div>The Dominator 1 was vying with another proposed tower be the tallest in the SA capital with plans for a 160m skyscraper to <a data-mce-href="https://www.theurbandeveloper.com/articles/office-heavy-hitters-raise-stakes-in-adelaide-cbd" href="https://www.theurbandeveloper.com/articles/office-heavy-hitters-raise-stakes-in-adelaide-cbd" target="_blank">rise over the Freemasons Hall</a>.


JWDT’s 180-metre-tall tower in the heart of the Adelaide CBD, known as Dominator 1, has been approved by the State Commission Assessment Panel. 
JWDT Land, a joint venture between developers Jinwei and Datong, was originally proposed as a 227-metre-tall tower with 67 storeys when JWDT first purchased the site in 2016. 

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Property magnate Ross Pelligra is expected to sign a deal this week to buy two parcels of land 25km from Adelaide, with plans to build a sports, entertainment and innovation hub in the outer northern suburb.&nbsp;Pelligra officials say they are just “days away” from signing a deal with Playford City Council for a total 12,000sq m on either side of the Philip Highway in the centre of Elizabeth.The Melbourne-headquartered developer has plans for an indoor ice sports arena, a rock-climbing facility, two indoor sports courts and a gymnasium—all supported by a food and drink tenancies.However, on the second lot of about 1000sq m Pelligra plans an eight-storey office building as part of the $80-million-development, designed to attract entrepreneurial start-ups, high-growth companies and accelerator programs to about 5000sq m of leasable floor space.Critically, Pelligra plans to target South Australia’s big defence technology industry.“You’ve got the logistics to the north, you’ve got defence and submarines happening at Port Adelaide and you’ve got future industries in Mawson Lakes which all surround Elizabeth,” said Pelligra’s property development manager, Blake Soroka.“This is designed to be a central hub for those amenities, bringing all those sorts of companies into a central locality, instead of all being in their own independent areas.”A quarter of Australia’s specialist defence businesses are in South Australia, and seven of the world’s top-10 defence companies have offices in the state, including BAE systems, Lockheed Martin, Raytheon, and Saab.<div id="1UswFQ30mW5y2H9VWajjt2"><picture><img src="//images.ctfassets.net/8pr762qjocl3/5NmkPphZONxTOyiP4Vmj2h/ec8e5a1a4ff3d16bd75577e7e20807b6/Pelligra_Innovation_Hub_Mid.jpg" alt="The sporting facility will include an indoor ice sports arena, a rock-climbing facility, two indoor sports courts and a gymnasium." data-mce-src="//images.ctfassets.net/8pr762qjocl3/5NmkPphZONxTOyiP4Vmj2h/ec8e5a1a4ff3d16bd75577e7e20807b6/Pelligra_Innovation_Hub_Mid.jpg"></picture><div>▲ The sporting facility will include an indoor ice sports arena, a rock-climbing facility, two indoor sports courts and a gymnasium. </div></div>Pelligra won an open-market tender to buy the sites from Playford, submitting designs and commercial terms for the two developments in what is the Playford central precinct.“The northern suburbs of South Australia don't have anything like this, an office amenity if you like, where small businesses and larger businesses can actually reside,” Soroka said.Playford council agrees. Mayor Glenn Docherty said of the plans, “These well-advanced proposals tick the boxes in terms of providing entertainment and business opportunities in the heart of our city”.Pelligra has been investing heavily in South Australia since acquiring the former Holden site in Elizabeth in 2017, transforming it into the Lionsgate Business Park with a mix of industrial, construction, logistics and e-commerce tenants.Their South Australian portfolio includes the old Wakefield Hospital, office buildings on Pirie, Grenfell and King William streets in the capital and the Adelaide 36ers Arena.Soroka says their plans for an ice-hockey arena came after they recognised a strong interest for the sport in South Australia.“There’s a huge lack of facilities for one, for both professional recreational use, and we thought that’s quite a niche market that that could be filled.”The property group has expanded its sports business in recent years with the acquisition of baseball team the Adelaide Giants, and the Adelaide Lightning, who play in the &nbsp;Women’s National Basketball League.

Property magnate Ross Pelligra is expected to sign a deal this week to buy two parcels of land 25 kilometres from Adelaide, with plans to build a sports, entertainment and innovation hub in the outer northern suburb.

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Adelaide’s land prices continued to rise in the June quarter, with the median price of a block of land surging past the $200,000 mark for the first time.According to real estate firm Oliver Hume, Adelaide land prices increased by 8.5 per cent in the 12 months to the end of June to be at $465 per square metre for an average 450sq m block.&nbsp;Key greenfield markets in and around Adelaide all recorded positive growth for the year, including the Barossa up 4.9 per cent, Gawler up 18.3 per cent, Mt Barker up 15.1 per cent and Playford up 10.9 per cent.Oliver Hume head of national research George Bougias said the city’s land market mirrored the established home market with healthy price growth in the June quarter persisting despite interest rate rises.Bougias said Oliver Hume, historically holding a strong presence in Victoria and Queensland, had expanded into South Australia last year to take advantage of growth opportunities.“Like all markets, we’ll see a slowing of sales volumes as buyers reassess their borrowing capacity and other considerations,” Bougias said.“Over the medium and long term, we should see steady growth underpinned by a strengthening economy and a return to steady population growth.”Together with south east Queensland, Adelaide’s greenfield market is now one of the healthiest in the country with relatively good affordability and a healthy supply of stock coming to market.While prices have increased in the recent cycle and are around peak levels, affordability is expected to be the dominant factor in the attractiveness of the Adelaide market, with land considerably more affordable than many other markets around the country.The Reserve Bank of Australia’s decision to <a data-mce-href="https://www.theurbandeveloper.com/articles/reserve-bank-increases-cash-rate-more-on-way" href="https://www.theurbandeveloper.com/articles/reserve-bank-increases-cash-rate-more-on-way" target="_blank" rel="noopener">increase interest rates in May</a> did impact sales volumes over the following months, but they have remained above long-term averages with nearly 1000 homesites sold in the June quarter, compared to 800 in the previous three months.At the current rate land sales over 2022 will be short of the 5500 recorded over 2021, up 3900 sales on the previous year, as the impact of the federal government’s Homebuilder scheme flowed through the market.&nbsp;The 5500 lot sales last year represented a 130 per cent above the seven-year average. The result also propelled Adelaide’s greenfield market to 7 per cent of land sales nationally last year, up from a historic average of 5 per cent.The median size of lots transacted has steadily declined over the past two years as higher prices have forced buyers to adjust budgets and preferences. At the end of June, the median lot size for Adelaide was 450sq m.Further supporting Adelaide’s greenfield market is the fact the city now holds the crown as the tightest rental market in the country, with a vacancy rate of only 0.3 per cent—making it an attractive location for yield and capital-growth-hungry investors who are looking to grow their portfolios.Data from Corelogic showed house prices across the country <a data-mce-href="https://www.theurbandeveloper.com/articles/house-price-decline-australia-corelogic-research-august-2022" href="https://www.theurbandeveloper.com/articles/house-price-decline-australia-corelogic-research-august-2022" target="_blank" rel="noopener">dropped by 1.6 per cent</a> in August.Sydney experienced the biggest fall with values declining 2.3 per cent, while Brisbane dropped 1.8 per cent, Melbourne dipped 1.2 per cent and Canberra and Hobart both fell 1.7 per cent.Adelaide and Perth&nbsp;slipped into the negative territory for the first time this year with falls of 0.1 per cent and 0.2 per cent respectively. Adelaide dwelling values climbed by 357 per cent or 5.2 per cent average annual growth during the past 30 years.

Adelaide’s land prices continued to rise in the June quarter, with the median price of a greenfield block up 8.5 per cent to $465 per square metre...

SOUTH AUSTRALIA