South Australia’s Housing Boom Fueled by Developer Confidence

South Australia’s residential construction market is firmly in the spotlight, with developers doubling down on the state’s undeniable growth momentum. With rising demand, affordable entry points, and progressive planning, SA is fast becoming one of the most attractive destinations for residential development in the country.

Homecorp, a Gold Coast-headquartered developer, has already built over 600 homes in the state in just five years—and they’re not slowing down. The company now has close to 1000 homes in the pipeline, including a standalone 200-lot project and major partnerships like the 348-home Roberts Farm development, the 51-home Amondo Estate at Munno Para Downs, and the seven-stage 153-home 23 North project at Angle Vale.

Why South Australia? According to Homecorp founder Ron Bakir, it all comes down to growth. “Adelaide has a strong and sustainable growth trajectory,” he says, citing an untapped, high-potential market with a diversity of buyers and price points. This is in contrast to eastern states, where high development costs have become a barrier to producing affordable new stock.

Market data backs this up. Oliver Hume’s June 2025 Quarterly Report recorded a 33% jump in land sales in May alone, with 162 lots sold—driven primarily by owner-occupiers, who still make up 76% of the market. Prices have also soared, with the median lot price in Adelaide reaching a record $330,000—a 17% increase year-on-year—while home values posted a total annual return of 12%, according to CoreLogic’s Home Value Index.

For Homecorp, affordability is key to its mission. “It allows us to offer high-quality affordable housing to more Australians,” Bakir says. “Affordable areas are truly what is shaping the market, and these are becoming the key hotspots where buyers can achieve the best value and long-term growth.”

Beyond the numbers, developers are praising the South Australian government’s open dialogue and future-forward planning. Andrew Welsh, founder of Melbourne-based developer Wel.Co, describes the state’s planning system as “really progressive” and says close collaboration with government leaders has been instrumental to their success. Wel.Co recently broke ground on its 40ha Gracewood community at Mallala, a 500-lot residential project supported by a $2 million investment in wastewater infrastructure. It’s expected to be completed over five years.

Jinding, another major developer, is also making its debut in the state with a $180 million masterplanned community at Mount Barker. The Larkview project will deliver 350 new lots, improved parklands, and key road upgrades, with a focus on affordability for younger buyers priced out of the traditional market.

What’s driving developer confidence isn’t just land availability—it’s also SA’s investment in transport, schools, and lifestyle infrastructure. According to Bakir, these factors are crucial in site selection and give buyers more value for their money.

It’s not just low-density builds seeing momentum. Homecorp recently revealed plans for a 25-storey resort-style tower on Surfers Paradise’s Monte Carlo Avenue, marking its continued presence in high-density markets like Queensland. But its commitment to South Australia remains front and centre, offering proof that growth and opportunity in the housing market is far from limited to the eastern capitals.

In a time where affordability, accessibility and sustainable urban growth are top priorities, South Australia is setting the benchmark. For developers and buyers alike, it’s a state on the rise—offering the right mix of vision, value, and vitality.