In the June quarter the value of residential construction work in SA grew by 7.5 per cent to $1.1 billion, and was up 11.5 percent over the past 12 months, according to the latest figures released by the Australian Bureau of Statistics.

Nationally, residential construction activity fell during the past quarter and throughout the year.

South Australia has also recorded nation-leading growth in the quarter for the construction of houses, up 9 per cent, well above the national average of 2.4 per cent.

SA also experienced the strongest growth in the nation when it comes to other residential growth, including the construction of apartments and units, growing by 10.4 per cent in the quarter and 59.3 per cent through the year.

The South Australian Government is leading by example. Construction at the $80 million, Government led Prospect Corner is taking shape with slabs poured on the first of 108 town houses to be delivered.

The former Kaufland site at 250B Churchill Road will be comprised of 108 multi-storey townhouses and 100 affordable rental apartments across two buildings.

Leading South Australian company Kennett Builders have signed to deliver the 100 affordable rental apartments. This is a 39 per cent increase from the original target of 72 apartments announced last year.   
Increasing the number of affordable rentals across the two apartment buildings at Prospect Corner was a key government initiative from the Housing Roadmap and will significantly increase affordable rental opportunities for South Australians. 

The first 16 townhouses released under stages one and two were sold out within weeks. A third sales release is targeted to occur later this month, subject to planning consent, with 27 two- or three-bedroom townhouses available, 15 of which are affordable.

View concept images of the affordable apartment buildings.