SOUTH Australia’s historic Copper Coast has emerged as one of the state’s fastest-growing regional tourism, recreation and retirement living destinations thanks to an exclusive $220 million development on the picturesque foreshore at Wallaroo. Wallaroo Shores, by award-winning South Australian-based Monopoly Property Group (MPG), is set to transform the popular coastal town just 160km north of Adelaide, favoured by fishers, locals and holidaymakers, into a world-class international tourist precinct and residential housing estate.
The 18-hectare project, to be developed over the next ten years, features 656 premium residential dwellings, including 107 retirement apartments, a shopping centre and a 100-apartment boutique resort. “Wallaroo Shores is undoubtedly one of the most unique and exciting property developments being undertaken in regional South Australia,’’ said MPG managing director Ben Howard. “This landmark multi-million dollar project will not only enhance the amenity and attraction of one of the state’s most beloved coastal towns, but the lives of those who choose to live and holiday here.
“The Copper Coast is fast becoming the destination of choice, especially for retirees, and we expect Wallaroo to become one of the state’s top leisure playgrounds.” Monopoly Property Group was founded in 2004 by Adelaide-born entrepreneur and philanthropist Ben Howard.
It’s become renowned for creating high profile and successful residential developments across Australia, including Harvest Views and Mosiac in Melbourne, as well as having development interests in Mt Barker, Moana Heights and Mansfield Park in South Australia. “The investment opportunities inherent in a development of this scale are significant and will bring much-needed economic stimulus to the region,” Mr Howard said.
“As a proud South Australian-based company we’re pleased to be able to create more than two thousand jobs over the life of the project.” The Yorke Peninsula attracts one million visitors annually, with most staying an average of three nights.
Independent studies predict more than 1500 holiday homeowners are likely to permanently move to the Copper Coast over the next five to 10 years. Nestled between the pristine waters of the Spencer Gulf and the heritage township of Wallaroo, the development sits on the site of a former Copper smelter (1861 to 1926). It’s close to all water-based activities for which Wallaroo is famous – fishing, boating, snorkelling and deep-sea diving –as well as heritage museums, a world-class indoor bowls centre and walking trails.
Wallaroo Shores also builds on development already underway in the region – including the adjoining Copper Cove Marina. Five hundred new homes have been built at the Marina, and new housing developments at North Beach, Silver Shores and Investigator Heights have, or are in the process of, creating an additional 500 dwellings.
Monopoly Property Group (MPG) is a South Australian-based international property developer, responsible for creating some of Australia’s most high profile and successful residential developments. The multi award-winning company (including 3 x winner of Best Developer – Africa, Asia and Australasia) successfully secures international investment in Australian real estate development projects.
For more information: Leisha Bond, The Press Gallery, 0404 551 392