Whyalla Development Leading the Way
12 November 2024
The state government is releasing five significant projects to the property development sector by the end of the year – including Whyalla’s Kloeden Street reserve – enabling developers to take advantage of a once-in-a-generation pipeline of projects across the state, such as the Hydrogen Jobs Plan.
Whyalla was the first cab off the rank, with expressions of interest (EOIs) for the development of the Kloeden parcel of land initiated several weeks ago. Renewal SA – the state government’s property development agency – is seeking interest to develop two major pieces of land on Kloeden Reserve, which could unlock up to 70 new homes to support the growing regional workforce and community.
Mayor Phill Stone said this was further proof of the government’s confidence in Whyalla’s future.
“This is expected to be a $30 million project that will provide much-needed housing for our city for the long-term,” Mayor Stone said.
“We’re expecting this to be the start of many development projects that provide more housing and activities for the community while helping attract new families to live and work in Whyalla.
“This is just one example of council’s consistent, ongoing collaboration with the government behind the scenes resulting in economic benefits for the community, with more of these types of projects still to come.”
At least 10 houses will need to be built on the site immediately. These dwellings will be leased back to the government for a guaranteed minimum period of 10 years to house essential government workers, such as health workers, teachers and police.
Renewal SA Chief Executive Chris Menz said developers needed to seize the moment on the back of authentic government support.
“South Australia is primed and ready for forward-thinking developers who are able to get on board now and take advantage of the unparalleled opportunities available in this state,” Mr Menz said.
“The message from us is that the state is open for business, brimming with potential, ready for those who dare to innovate and now is the time to break new ground and make your mark in a thriving market, a market we expect to continue to grow for years to come.”
Mr Menz said with all these projects coming online, the timing was perfect for developers and partners to either expand their interests in South Australia or look to gain a foothold in the market for the first time.
Read the full announcement here: South Australia unveils pipeline of developments worth billions * Renewal SA. Find out more about the Kloeden investment opportunity here: https://whycc.au/4fsMPlJ