Corporate News

Work has started on 400 new homes alongside Adelaide’s Morphettville Racecourse in a precinct called The Quarter – the new neighbourhood complementing the $350m revamp of the historic racetrack.

A range of premium affordable and luxury homes with prices starting at $650,000 for a two-bedroom, two-storey VillaRange home is being built in a collaboration between Villawood Properties, Hostplus and the South Australian Jockey Club.

Homes at The Quarter alongside Anzac Highway have been designed by architects Studio Nine and take their cues from popular equestrian developments worldwide, with several premium, trackside homes already sold for up to $2.7m.

Officially launching construction, SA Housing Minister Nick Champion said there would be 250 townhouses and low-rise apartments ranging from two to three storeys built – along with mixed-use apartment buildings with more than 150 residences.

“I welcome work getting under way on The Quarter, marking a major step forward in the transformation of Morphettville into a vibrant, connected community that offers a wide range of housing options for South Australians,” Mr Champion said. “It will lead to 400 desperately-needed homes for Adelaide.”

The project is one of the great urban renewal stories. Thirty  homes have been sold already, 60 per cent to first home buyers and another 20 per cent to downsizers, who were freeing up housing supply for families.

See full stories from 7 News Adelaide, 10 News Adelaide and The Advertiser.