Buying

SA: Gannon Lifestyle Communities lodges plans for $12.3M 80-home land lease community in Northern Adelaide

Apr 14 2020 Updated May 3, 2023

The Weekly Source

1 min read

The family-run operator purchased the vacant 2.7-hectare block, located at Strathaird Boulevard in Smithfield, 30km northeast of the Adelaide CBD, from Renewal SA for $1.43 million, last year.

The new affordable housing community, to be named Playford Waters Lifestyle Estate, will be built in several stages with pricing starting at $220,000.

The Gannon family has been a pioneer in the retirement village sector, selling out to RetireAustralia in 2007 only to re-enter the sector in around 2011 and now developing four villages.

This is their second land lease community.

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