AN UPSCALE internationally-run resort is the centrepiece of a landmark $220 million tourism and residential development set to reinvigorate South Australia’s regional economy and create 2200 jobs. Wallaroo Shores Resort, nestled between the historic Copper Coast township of Wallaroo and the pristine shores of Spencer Gulf just 90 minutes’ drive north of Adelaide, will transform 18 hectares of prime beachfront land into a world-class tourist destination. Developer, award-winning South Australian-based Monopoly Property Group (MPG) is confident the 100-townhouse resort – part of its comprehensive residential and commercial masterplan – will spearhead a local economic revival and attract lucrative overseas investment in South Australia over the next ten years. “Wallaroo Shores is, without doubt, one of the most unique and significant property developments being undertaken in regional SA,’’ said MPG director, Ben Howard.
“This project is the culmination of an extensive nation-wide search for the perfect seaside location upon which to create the next generation of high-end resort and retirement living. “As a proud South Australian developer, we are immensely pleased to be helping breathe new life into the state’s economy, particularly in a region beset by obvious ongoing challenges.” Adelaide-born Mr Howard, who officially launched the Wallaroo Shores development with Regional Development Minister Geoff Brock today, said his company was committed to hiring as many South Australian contractors and services as possible during the 10-year development phase. It’s expected more than 1000 full-time jobs will be created during construction, with total employment to reach 2200.
Set on Heritage Drive, the 3.4 hectare resort overlooks the stunning shores of Spencer Gulf to the north, east to Wallaroo’s multi-million dollar Marina and west to a heritage walking trail honouring the town’s Cornish miners. It comprises 100 serviced two-bedroom townhouses and boasts luxury amenities including a cinema, swimming pool, gymnasium, tennis courts, function centre and cafe. The community-titled townhouses will be sold to investors for $395,000 (inclusive of GST). The Wallaroo Shores masterplan, on the site of an historic Copper smelter (1861 to 1926), also features 656 premium residential dwellings, including 107 retirement apartments and a retail and commercial precinct. The resort is the first stage of the Wallaroo Shores masterplan and is due for completion by the end of next year.
Monopoly Property Group (MPG) is a South Australian-based international property developer, responsible for creating some of Australia’s most successful residential developments including Harvest Views and Mosiac in Melbourne. The multi international award-winning developer also has development interests in Mt Barker, Moana Heights and Mansfield Park.
For more information: Leisha Bond, The Press Gallery, 0404 551 392