THE South Australian Government last week announced it is partnering with the private sector on an apartment building project at Woodville West that aims to find ways of lowering apartment construction costs.
The Apartment Construction Cost Demonstration project – the first of its kind in South Australia – will help developers explore alternative construction techniques and designs to reduce costs and increase affordability, with advice from representatives of the major industry bodies through an Industry Reference Group.
Housing and Urban Development Minister John Rau said the project aims to show how costs can be reduced for the homebuyer.
"Finding a solution to the current high construction cost of apartments will help bring down the purchase costs, meaning more South Australians will be able to afford houses in areas of their choice," Mr Rau said.
"We will be working with builders, architects and the wider industry to find ways to build high quality, affordable apartments in Adelaide.
"The key to the success of this project will be innovation and collaboration between the builder, design team, Renewal SA and industry, who will need to explore elements including building and site layout, construction methodology and choice of materials
"Innovations that achieve lower apartment construction costs will be shared with the building industry so that the greatest number of people can benefit," the Minister said.
An Expression of Interest process to select a builder partner is already underway. The chosen builder will then be part of the panel that selects a design team as part of a second EOI process to follow mid-year.
"Creating more quality, affordable housing along Adelaide's key transport corridors – particularly medium-density dwellings such as apartments - is an important goal for South Australia's property sector," Mr Rau said.