Hallett Cove real estate defies global trend

Rare land release announced to cater for growing demand.

Premium new land in Hallett Cove is set to be released this Saturday in response to consumer demand for the suburb which continues to defy global real estate trends.

In one of the largest coastal land releases in Hallett Cove in over a decade, the launch of ‘Burlington at Hallett Cove’ follows recent property statistics from the Real Estate Institute of South Australia showing the median house price in the emerging hotspot has risen by 23.8% over the past five years*.

Located only 250m from the coast and comprising 22 allotments, Burlington at Hallett Cove will see the continuation of the existing Burlington Road around to Freebairn Drive.

Ranging in size from 373m2 to over 700m2, the near-level allotments will be developed by leading local firm Adelaide Development Company (ADC), which has delivered more than 40,000 home sites for SA families since it was established 90 years ago.

Project consultant Luke Biggs from Brock Urban Projects expects there will be plenty of interest for the blocks when they are officially launched on-site at 9am this Saturday (November 3).

“Hallett Cove has been an extremely resilient suburb over the past five years and has actually enjoyed solid growth despite the global financial crisis and general softening of the property market during that time,” said Mr Biggs.

“House values in Hallett Cove have remained among the strongest performing in the region and as the wider property market starts to pick up again it certainly stands to benefit as one of the blue-chip suburbs of the south.

“With Hallett Cove remaining such a popular suburb the new Burlington allotments are expected to be in high demand, particularly as they are relatively flat allotments which traditionally hold great appeal for homebuyers and builders.

“The blocks are also perfectly positioned next to so many established homes in a fantastic pocket near the coastline, and are importantly located within the Hallett Cove R-12 school zone which will make them attractive to growing families too.

“The timing of the pre-construction release is also ideal for homebuyers, who will be able to purchase their preferred block with a long settlement and then use the Christmas period to speak to builders and if necessary prepare their existing home for sale or rent in the New Year.”

Burlington at Hallett Cove is ADC’s first development in the region since its successful Cove Point estate in the 1990s – which is located directly adjacent the Burlington allotments – and adds to the company’s string of premium land developments including Blackwood Park, Flagstaff Pines and Franklin Island at Victor Harbor.

ADC General Manager Ian Marker said the company is excited to add Burlington at Hallett Cove to its portfolio of leading residential developments in SA.

“ADC has an outstanding track record of developing award-winning projects throughout South Australia, so we’re really excited about the release of the Burlington allotments,” said Mr Marker.

“The Burlington release represents a rare chance for homebuyers to secure some of the flattest blocks of land available in Hallett Cove and build a new coastal home tailored to their modern lifestyle.

“And to help guarantee a high quality of homes, and safeguard the property values of neighbouring residents, a set of urban design guidelines have been created for the Burlington allotments to give current and future residents added peace of mind.”

Burlington at Hallett Cove will be located at the continuation of Burlington Road around to Freebairn Drive at Hallett Cove. For more information, contact project consultant Luke Biggs on 0417 080 604 or visit www.burlington.com.au.

*Figure from the Real Estate Institute of South Australia. The median house price in Hallett Cove for the first six months to June 2012 was $402,750.

ISSUED BY HUGHES PUBLIC RELATIONS: Please contact
Kieran Hall on (08) 8412 4100 or kieran@hughespr.com.au