SA government agency Renewal SA said AVID Property Group, which acquired AVJennings, had decided to conclude its activities in the South Australian market. The Eyre development near Penfield was announced in 2010 and covers a 120-hectare site. About 750 homes have been completed, along with sporting fields and a shopping centre.
Renewal SA said the transition would not affect existing purchasers. AVID has committed to finishing outstanding work on current stages, including landscaping and delivery of a reserve, with that work expected to be completed by mid-2027. In a statement on its website, AVID said the decision reflected its focus on the Australian eastern seaboard. It confirmed contracts for lots in stages 17 and 18 remain on foot and that AVID remains the point of contact for settlements.
Acting Housing Minister Michael Brown described the move as a commercial decision. "There's a few hundred contracts," he said. "AVJennings are absolutely adamant that they will be delivered... so those who have signed deals with AVJennings need not be concerned." He expressed confidence the government would find a new major development partner, noting significant interest from other developers over the years.
Master Builders Association CEO Will Frogley told 891 ABC Adelaide that the withdrawal was "definitely disappointing" and called for stability in a turbulent market. "Last year we built a record number of homes, so it is quite disappointing to see a brand that size, a national developer, moving away from South Australia," he said.