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Aspen Group: Spends $4.51M on residential land in SA

October 27, 2020

Aspen Group set to acquire a residential land site at 32 Sims Road, Mount Barker, South Australia for $4.51 M
The 11.5-hectare property is in an up-and-coming area with the local population growing at around 3 per cent each year
Mount Barker’s growth supported by federal, state and local governments including $50 million on new aquatic and sports centres
Aspen is planning to develop a land lease community and residential lots at a price that’s significantly below the local median house price of $425,000
The acquisition expected to settled before the end of this year
Aspen ended the day trading 3.14 per cent higher at $1.15