Recent data has shown there is renewed optimism in the South Australian property market on the back of underlying demand driven by continued population growth.
At the same time, the South Australian Government’s 30-year plan has confirmed that the Northern suburbs are expected to see an influx of 79,000 jobs and 140,000 people during this period.
The new land release at The Bridges features a range of land, including some waterfront lots, ranging in size from 250sqm to 630sqm and priced from $245,000.
Mawson Lakes Project Director Vince Rigter said while recent attention had focused on the first home buyer market, the premium end was also moving.
“Mawson Lakes recently recorded two land sales over $460,000 in The Bridges and The Peninsula villages, demonstrating good activity in the upper end of the market,” he said.
“With the stabilisation of the stock market and growing optimism, many property investors are making moves to enter the premium property market now rather than waiting for prices to rise again. They see that if there was ever a time to move up the property ladder, it is now.
“The long term forecast for Adelaide’s property market is clear – our expected population growth will continue to drive property prices higher. Those properties which will appreciate in value the most will be homes close to transport, recreation, retail and community hubs, such as those at The Bridges.
“The Bridges has always been one of Mawson Lakes’ key addresses with its very own ornamental lake forming the centrepiece of the village. The new villa, courtyard and traditional lots, some up to 35m deep, capitalise on the prestigious character of the village. Importantly, the latest stage also represents good value for money at this premium end of the market.”
Mawson Lakes is being developed by Delfin Lend Lease and Land Management Corporation, and will eventually house approximately 10,000 people in 4,000 homes with 7,500 workers and 7,000 students.