South Australia's Housing Road Map: Progress & Challenges

0:00It's March 15th. Here's your Adelaide News in two minutes. South Australia has made real strides in addressing its housing shortage. Thanks to steps like the state's land supply dashboard and a new growth, coordination unit. These came from industry recommendations and helped shape the 2024 Housing Roadmap, which is delivering infrastructure to restart, stalled projects. Still, experts say infrastructure is the top roadblock to more homes. The roadmap has focused on northern growth spots like Anglevale, Roseworthy, and Gollor East, plus areas in the south. This has unlocked some building, but gaps remain even nearby, and other suburbs in the north, south, metro, and beyond need attention too. Developers face rising costs with house prices nearing $1 million, squeezing affordability. Industry leaders note that while progress is welcome, planning approvals need to speed up by up to 18 months as promised. High cost limit passing expenses to buyers, so taxation changes are key to keeping projects viable.

1:03Reactions highlight workforce strains too, with shortages looming from big projects like tunnels and shipbuilding. The latest policy push calls for a dedicated fund from 10% of Stam Duty revenue to tackle infrastructure backlogs. It also pushes private sector delivery for faster, cheaper results, plus regulatory tweaks to cut red tape and boost supply. Meanwhile, better transparency and services would help efficiency. Looking ahead, full benefits could take three to five years, setting up the state for growth. A new federal state partnership is a positive model, and keeping momentum through the election will ensure homes for workers and a stronger future. This DNN story comes to you, thanks to our sponsor. A pillow that plays your podcasts, music, or white noise privately. No earbuds required. S-O-L-L-I, solely pillow.com.