Home' API Magazine : January 2014 Contents Heidi Davoren
The ugly duckling Adelaide precinct
of West End is set to be revitalised
with major redevelopment plans set
to transform the once-neglected industrial
area. Despite its shabby appearance,
the area is well known among locals as a
cosmopolitan locality on the CBD fringe,
boasting art galleries, contemporary
spaces and a café culture popular with
young professionals as well as students
The suburb of Thebarton is part of the
precinct and nestled right next door to
the planned Bowden development, a
10.25-hectare site that will eventually
house upwards of 2000 additional
residential dwellings, retail spaces,
landscaped parklands as well as
restaurants and cafés.
Thebarton will also likely benefit from
the rejuvenation of nearby green spaces,
an upgrade to the Royal Adelaide
Hospital (RAH) and a major pedestrian
bridge being built between the Bowden
residential development and parklands
into the city.
According to Adelaide property expert
Peter Koulizos, Thebarton will also benefit
from local rezoning, proximity to public
transport and university campuses as
well as the upgrade to the Hindmarsh
The impacts of gentrification will
also have a major effect on Thebarton,
“The key is its proximity to the city, the
lovely character homes and gentrification
is very obvious,” he says.
“The light rail along Port Road which
divides Thebarton with Bowden will cope
with all the development, not just there
but all the way down to Port Adelaide.
“However, because of its proximity to
the city, many people will walk and cycle
and there will be a pathway through to
the parklands so I don’t think road or rail
infrastructure is such a major necessity.”
Koulizos says the upgrade to the RAH
will likely bring professionals into the area.
“The huge new RAH is less than one
kilometre from Thebarton.
“The surgeons might not live in
Thebarton because they’ll probably live in
the lovely eastern or beachside suburbs,
but there will be plenty of opportunity for
people who work in that hospital and the
neighbouring medical research centre to
“Thebarton is already very good but it’s
going to get even better with this new
infrastructure on the fringe of the CBD.”
Koulizos says investors should be aware
of locations within the suburb that might
not be appealing for resale or for rental.
“The West End Brewery across the road
from Bowden sometimes emits a brewery
smell depending on which way the wind
is blowing and buyers should look at the
flight path for the airport.”
Despite these minor concerns, Koulizos
says Therbarton is one of his top picks
and is a fantastic location for those
looking to renovate.
“There’s lots of older period-style homes
in the area ripe for renovators. It’s at the
beginning of that gentrification process
and still has many years to go which
means there are many years of capital
growth to come.”
¿ SUPPLY AND DEMAND
Local agent Sarah Sheppard, sales
consultant with Harcourts Sheppard
Property, has worked in the area for
13 years and says there’s quite a lot of
excitement in Thebarton at the moment.
“There has always been interest from
interstate buyers but now a little more
locally with the development at Bowden
and the RAH and medical research centre
and the fact they have extended the tram
via Thebarton,” she says.
“Stock is quite tightly held here, so
when something does come up people
get a bit excited about it – whether it’s
units or houses.” Sheppard says vacant
land in Thebarton is almost non-existent,
although she has noted some buyers
knocking down derelict homes.
“This is only when they’re quite derelict
as people prefer to restore the older homes
or extend them and make a family home.
If you look in any major city, turn-of-the-
API JANUARY 2014
JANUARY 2014 API
THE STATES // SA
The suburb of Thebarton and surrounding areas are set to benefit from a major planning initiative that
will see the construction of more than 2000 apartments and improve transport and infrastructure.
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