AXIOM has received development approval for its 50-ha residential estate in South Australia’s Mount Barker.
The site, located around 30km from Adelaide’s CBD, will contain in excess of 500 lots and is tipped to have an end value of more $100 million.
Axiom announced in May last year it had entered into a joint venture with the landowners, a local family, to develop the site.
Axiom general manager Paul Rouvray said the approval paves the way for the JV partners to focus on delivering the first stages of the project by the end of the year.
Australian Property Journal
