South Australia Set To Benefit From New Growth Plan

South Australia's real estate is set to benefit from a Playford development plan, which has identified what kind of infrastructure and services should be progressively implemented over the next 30 years, in order to complement new housing developments and employment lands.

The Housing Industry of Australia (HIA) has responded positively to this, saying that this plan will help alleviate SA's housing affordability crisis and houses for sale.

"This initiative will provide a much needed boost to the residential housing industry and the general South Australian economy. It will provide much needed relief from South Australia’s housing affordability crisis and go some way to turning it around," said HIA's regional director of SA and NT, Robert Harding.

"Good, managed growth creates opportunities. It means more people – including young people, first home buyers and families, can get into the housing market. This is surely a good thing."

He said HIA studies have shown that for a $400,000 house and land package in Australia, almost $160,000 would be going towards taxes, charges and levies. This money then goes to the government to be put towards essential infrastructure.

In addition, Mr Roberts suggested that more initiatives such as the Playford Growth plan should be planned in order to boost the economy, housing industry, and to help more Australians into new homes.