Colliers, on behalf of Renewal SA, present a unique infill opportunity in Elizabeth South.
A significant 8.52hectare landholding in Elizabeth South has been brought to market by Colliers on behalf of the State Government (Renewal SA). The opportunity comprises a 100% interest in the large infill development site at Lot 3002 & 4002 John Rice Avenue, Elizabeth South.
Spanning 8.52hectare across two Certificates of Title, this substantial landholding is offered for sale as a single parcel and forms the majority portion of the Elizabeth South Code Amendment area. The recent rezoning to Master Planned Neighbourhood offers astute developers the opportunity to deliver a flexible range of development outcomes, with a primary focus on residential accommodation.
Rhys Newman, Colliers Associate Director, South Australia | Investment Services, commented, “The Code Amendment to Master Planned Neighbourhood zoning will unlock potential for medium- density development. It provides developers with a rare opportunity to create a vibrant community, benefiting from the strategic location and extensive infrastructure, in one of South Australia’s fastest-growing residential areas.”
Located in Adelaide’s fast-growing northern suburbs, the area has experienced some of South Australia’s highest percentage increases in housing and rental price growth. Positioned between Lyell McEwen and Calvary Central District Hospitals, and less than 4km from Parabanks, Saints, and
Elizabeth Shopping Centres, the site is surrounded by well-established infrastructure and amenities.
In addition to the residential growth, the defence sector in neighbouring Edinburgh continues to expand, reinforcing the area’s role in South Australia’s advanced manufacturing and defence supply chain. Meanwhile, the City of Salisbury is undertaking major redevelopment plans for Salisbury City Centre, enhancing local amenities, infrastructure, and services with a $200 million project.
Additionally, the former GM Holden factory site has been transformed into the Lionsgate Business Park, now home to a diverse range of industries. These combined efforts highlight the region’s dynamic development and investment landscape, positioning it as a key destination in South Australia’s economic future.
Justin Hazell, Colliers National Director, Transaction Services | Healthcare & Retirement Living added, “Renewal SA’s vision for Elizabeth South is to secure a high-quality, market-led residential development outcome that delivers speed to market, capitalising on the surrounding significant public and private investment and infrastructure.”
“South Australia is rapidly emerging as a powerhouse for business and development, fuelled by a resilient economy and strategic initiatives designed to boost local industries. The state’s proactive approach to economic growth makes it an ideal destination for property investment, offering a blend of competitive property prices and strong market fundamentals. This creates an attractive environment for developers and investors seeking long-term growth and stable returns,” Mr Hazell said.
As the state government’s property development agency, Renewal SA’s role is to deliver and guide lasting impact through property and projects that benefit South Australia’s environment, community, and economy.
The properties are offered for sale by Expressions of Interest (EOI), closing at 2pm (ACST) on Thursday, 22 May 2025. EOIs should be submitted via the SA Tenders and Contracts website (tenders.sa.gov.au).
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