Prospect

Renewal SA is responsible for leading and coordinating urban renewal activity to ensure that the State’s future employment and housing needs are met through well-planned, affordable and vibrant urban development located near transport, employment, education and other services.

The Prospect project will generate an average of 60 full-time equivalents (FTEs) jobs annually, peaking at close to 150 FTE per annum over the project’s lifetime.

A significant number of dwellings created will qualify for the state government affordable housing program HomeSeeker SA.

Initiatives such as HomeStart’s shared equity product will be utilised to enable townhouses to qualify as affordable housing.

The project will contribute towards affordable housing solutions and the state government’s Our Housing Future Strategy 2020-2030.

Renewal SA’s Works Program will deliver training programs, and work experience placements will be provided via the project’s capital works contracts and major consultancies.

The development will contribute approximately $44 million to Gross State Product and provide a positive financial return for the government.

An affordable housing offering, seven kilometres from Adelaide’s CBD, that is significantly higher than the statutory obligation required in the Planning and Development Code.

High-quality public open space and extensive tree planting to increase tree canopy cover.

Improved connections and access to existing public transport and pedestrian/cycling links.

Opportunities for builders and developers through a competitive tender process, enabling housing construction stimulus and job creation from mid-2023.

Access to homebuyers to new detached dwellings at a price rarely found within 10 kilometres of the Adelaide CBD.

Renewal SA is committed to ensuring that key stakeholders, including the community, are engaged as part of the planning process.

In May 2022 Renewal SA conducted online community engagement for the Prospect open space to help us understand the community’s current use and desired use of open space. Following this engagement, three landscape concept plans options for the reserve areas were developed for community feedback, along with inviting feedback on the two smaller reserves and the proposed plantings.

The community was invited to view the public open space design options and share their thoughts at two community drop-in sessions on 17 and 20 August and also online between 12-31 August 2022.

You can download the engagement reports summarising the feedback from both stages of the public engagement, which includes engagement with young people to gain their perspective.

If you have any queries regarding the community engagement for Prospect redevelopment, please contact the Renewal SA Engagement Team on 8207 1300 or email [email protected]