Thrive Tonsley Stage 2, Tide (West Lakes) and Tempo (St Claire).

Junction will deliver 163 new homes, including more than doubling the number of apartments in a second stage of its Tonsley development, as part of a $65 million-plus funding announcement.

A boost of $25.6 million from Housing Australia Future Fund Facility (HAFFF) will underpin Stage 2 of the Tonsley project creating a total of 113 new homes for South Australians across both stages, within the State’s premier innovation district.

Junction is expected to receive more than $40 million for 60 new social and affordable homes within Tide at West and 40 affordable homes at St Clair. Delivered in partnership with Commercial and General and Peet, respectively, the West and St Clair projects will have a strong focus on providing long term, affordable housing for key workers.

The Housing Australia Future Fund is a $10 billion Australian Government initiative to address the housing crisis by increasing the supply of affordable and social housing across the country.

Thrive Tonsley Stage 1 tops out.

Thrive Tonsley Stage 1, comprises 50 apartments and is supported by $15.2 million investment as part of the Social Housing Accelerator Program, a Federal Government initiative delivered in partnership with the State Government and community housing providers. Today’s funding announcement brings the total project value to $70 million across both stages.

Junction CEO Maria Palumbo said the project, due for completion in early 2026, also would include a services hub for the community as well as a café and co-working space.

“The partnership between Federal and State Governments, Community Housing Providers and also, the private sector, is key to addressing the housing crisis now and creating opportunities into the future,” Ms Palumbo said.

“Together with our development partners, we are moving forward to deliver the housing South Australians so desperately need.”

Ms Palumbo said Junction was “well on the way” to achieving its goal to deliver 2000 homes by 2030 within vibrant, thriving and sustainable communities.

“Today’s topping out at Tonsley is another milestone as we bring this project and vision to life,” she said.

Media Contact: Danielle Gordon on 0401 696 853 or email Danielle.gordon@corporateconversation.com.au