Yorke Peninsula | Developments & News

Developments in Regional South Australia. Including Port Lincoln, Victor Harbor, Wallaroo, Gawler and Mount Barker.
crawf
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Re: Project: $1.5b Port Wakefield Marina Development

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old article, but still good news. Looks like a Target Country will be included in the Stage 2 of the commercial precinct.

Port Wakefield bypass finally on the agenda
Wednesday, 13 June 2007

Good news for Wakefield Waters with a bypass at Port Wakefield confirmed to be on State and Federal Government agendas.

A spokesperson for Minister for Transport Patrick Conlon says “The South Australian Government has submitted a list of projects, the Port Wakefield Bypass project among them, to the Federal Government for its consideration in the next round of Auslink funding”.

The list, submitted about two months ago, will be considered by the Federal Government and costing “firmed up” in conjunction with the State Government before funding is announced at the end of 2008.

Wakefield Waters, recently declared a Major Project by the State Government, is about to start work on its commercial precinct, having included in plans a “best guess” at the site of the bypass.

Proponent Andrew Chapman has long said he would include a bypass in planning the development.

The commercial precinct will include a service station, food outlets, tackle shop and a park, with stage 2 adding a supermarket, chemist, doctor’s surgery and specialty shops.

Image

© 2007 Yorke Peninsula Country Times
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Re: Project: $1.5bn Wakefield Waters Development

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The commercial precinct will include a service station, food outlets, tackle shop and a park, with stage 2 adding a supermarket, chemist, doctor’s surgery and specialty shops.
thats what port wakefield needs another serice station :shock:

But seriosly, dont you think $500,000 for a water front house in Port wakefield is a bit much?
Remember its port wakefield after all and im losing interest in this project.
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Re: Project: $1.5bn Wakefield Waters Development

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I didn't know it was possible to have a waterfront block of land in Pt Wakefield unless you built in the sea outside the mangroves.
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Re: Project: $1.5bn Wakefield Waters Development

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Cruise Control wrote:
The commercial precinct will include a service station, food outlets, tackle shop and a park, with stage 2 adding a supermarket, chemist, doctor’s surgery and specialty shops.
thats what port wakefield needs another serice station :shock:

But seriosly, dont you think $500,000 for a water front house in Port wakefield is a bit much?
Remember its port wakefield after all and im losing interest in this project.
Well you could say the same about Port Adelaide a few years ago, now look at it. But where did you hear 500k for waterfront house.

But I'm certainly not losing interest in this, this is probably one of the largest residential developments in regional Australia. SA needs more larger regional centres.
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Re: Project: $1.5bn Wakefield Waters Development

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crawf wrote:
Cruise Control wrote:
The commercial precinct will include a service station, food outlets, tackle shop and a park, with stage 2 adding a supermarket, chemist, doctor’s surgery and specialty shops.
thats what port wakefield needs another serice station :shock:

But seriosly, dont you think $500,000 for a water front house in Port wakefield is a bit much?
Remember its port wakefield after all and im losing interest in this project.
Well you could say the same about Port Adelaide a few years ago, now look at it. But where did you hear 500k for waterfront house.

But I'm certainly not losing interest in this, this is probably one of the largest residential developments in regional Australia. SA needs more larger regional centres.
i read that in the article you posted lol:
Mr Chapman said prices for homes had not been set, but absolute waterfront property could sell for more than $500,000, and that there would be more affordable options.
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Re: Project: $1.5bn Wakefield Waters Development

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Ohh... :oops:
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Re: Project: $1.5bn Wakefield Waters Development

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$7.50
cheers,
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Re: Project: $1.5bn Wakefield Waters Development

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They stay in the outbox until they're read, as fas as I know.
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Re: Project: $1.5bn Wakefield Waters Development

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Can someone tell me what is driving the push for people to live in this area? And do you think there is a market for renters in this new development? Asking as a potential invester here.
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Re: Project: $1.5bn Wakefield Waters Development

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Howie wrote:Can someone tell me what is driving the push for people to live in this area? And do you think there is a market for renters in this new development? Asking as a potential invester here.
Irrational exuberance in a booming economy.
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Re: Project: $1.5bn Wakefield Waters Development

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Well.. if i'm to guess.. i would say it's because it's a key corridor route to mining communities, close to a tourist hotspot, and close to adelaide. Although i'd guess they're mainly owner-occupied homes due to the employment situation there. But i need someone closer to the ground to confirm that.

But i suspect drsmith is right in saying it's over exuberance in a heated economy.
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