Housing Options at Woodville Rd
Leading Australian property developer Peet has announced the launch of Woodville Rd, a new residential precinct located between the heart of Adelaide and the coast. The innovatively designed community aims to improve local housing supply by offering a variety of options for home buyers, all situated within close proximity to open spaces and parkland. Development of Woodville Rd is already underway, and the community is expected to include over 170 homes at completion.
The new housing precinct is located 8km from the Adelaide CBD, situated midway between Adelaide and the Port. The development will feature architecturally designed housing options that are directly connected to open spaces, within close proximity to the Woodville Road retail precinct and provide easy access to public transport. The advanced design of the community enables greater density within Woodville Rd, without compromising on providing an active lifestyle for residents. The New Homes Sales Centre is now open and the first residents are expected to move in from 2025.
“Thinking differently about how we plan and design communities is going to be critical to overcoming the current housing supply challenges facing cities. At Woodville Rd, we will deliver high-quality housing at greater density, but with plenty of open space and good transport options on their doorstep” said Brendan Gore, Peet Managing Director and CEO.
“Woodville Rd creates a community with housing options at a variety of price points for a broader spectrum of buyers. Eligible residents will be able to take advantage of both the HomeSeeker and Shared Equity initiatives, helping more South Australians get onto the property ladder.”
Woodville Rd includes 13 Terrace designs, inspired by the surrounding area, local buildings, and stone wall features. The community will feature both apartments and Terrace homes with new homes available at a range of price points, offering suitable options for first time buyers, young families, and downsizers.
The Torrens Titled Terraces are available as either two-storey or three-storey homes, with the option of two or three bedrooms. The community is set to also feature a series of premium four bedroom homes with double garages, providing an elevated living experience for those seeking a higher level of luxury and comfort.
The Woodville Rd development incorporates the Shared Equity initiative in collaboration with HomeSeeker, aimed at making homeownership more attainable and helping homebuyers enter the market with ease. Through HomeStart, eligible homebuyers receive a secondary loan under Shared Equity, boosting their borrowing power and providing an interest-free and repayment-free loan of up to 25% of the purchase price.
Additionally, first homebuyers stand to benefit from the State Government's increased First Homeowner Grant Property Value Cap of $650,000 for eligible contracts, along with a fast-tracked approval process to expedite their move-in process.
With almost 130 years’ experience in creating award-winning communities, Peet is one of Australia’s leading residential developers creating masterplanned communities, townhouses and apartments for homebuyers across the country.
For more information visit here: woodville-rd/living-choices