A $200 million, high quality residential development site was launched this week in line with the South Australian Government’s development plan.
The Gilberton development will contain over 200 apartments in three buildings, of which 75 have been released in the Araluen building.
“Forty-five Park Gilberton is set to become a landmark residential community which will help shape future living options in Adelaide,” Watersun property director Garry Garside said.
The government 30-Year Plan for Greater Adelaide promises $11.4 billion will be spent over four years, with upgrades to transport, hospitals and schools, to manage a fast growing population.
“[The Plan] will, in turn, support that investment through the location of new housing near those transport networks, as well as close to new and existing infrastructure,” the document said.
“For the next three decades, the Plan will guide where people live, how we manage population growth, and how we create jobs.”
Prices for the new residences start at $385,000 for a one bedroom apartment and up to $1.7 million for a penthouse. “We look forward to bringing the project to market this weekend and encourage any interested buyers to visit the display centre,” Mr Garside said.