Work will start later this year on 180 homes and apartments on vacant land in Adelaide's inner-north, with more than half available to buy or rent at low prices.
abc.net.au/news/work-on-prospect-corner-to-begin-by-end-of-year-government-says/102837598The state government says South Australians looking for affordable homes and rentals will be able to move in to a new development in Adelaide's inner-north from 2025.
The state government said a minimum of 27 of the 108 townhouses will be affordable to buy, while a minimum of 72 apartments would be leased to eligible tenants at less than 75 per cent of market rate, subject to federal funding. The government said the current price point for affordable homes in the greater Adelaide area was $417,000 to $479,000.Ben Griffiths welcomed the announcement for more affordable housing in the inner suburbs.
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