Tailem Bend becomes hot property

Promising: Coorong Mayor Neville Jaensch looks out over Tailem Bend, a town injected with newfound enthusiasm as the redevelopment of the SA Motorsport Park inches closer.
Promising: Coorong Mayor Neville Jaensch looks out over Tailem Bend, a town injected with newfound enthusiasm as the redevelopment of the SA Motorsport Park inches closer.

The proposed development of the SA Motorsport Park and talk of a V8 Supercars race have already had a positive impact on Tailem Bend.

The town’s property market is revving up ahead of Peregrine Corporation’s anticipated $60 million investment in the nearby race track, which could create 1600 jobs and attract hundreds of thousands of tourists each year.

Elders real estate agent John Robinson doubted the motor sport park would push prices through the roof, but he said talk was certainly getting around.

“I think a lot are still sitting on their hands until the dirt is being turned, but there’s certainly been a few phone calls,” he said.

“It’s not going to push prices through the roof, I don’t think, but it’s certainly going to put a lot more positivity into the town.

“We had an enquiry on a commercial property we’ve got which we hadn’t had previously, from people in (Adelaide).”

Mayor Neville Jaensch agreed that confidence about the future was increasing across the Coorong district.

“Anecdotally, I think the interest in properties has increased,” he said.

“There have been some people buy almost speculatively.

“It all depends on the track taking off, and we believe it will.”

Two of Tailem Bend’s newer residents, Robyn and Kevin Redford, said they had fallen in love with the town after moving from their long-term home in southern Adelaide.

“It was a big thing to move up here, but we’re very comfortable - I feel like we’ve been here for a lifetime,” Mrs Redford said.

“After you’ve lived some place for 37 years, it’s amazing you could settle in so quickly.”

She expected the motor sport park would be an added boon to a town that already attracted caravanners, picnickers and retirees.

“I think it’s going to do the town a world of good, and the people we meet, everyone seems to say the same thing,” she said.

The Adelaide-based Development Assess-ment Commission will decide whether to approve the redevelopment of the former Mitsubishi test track in the next few months.

Plans for the facility are currently on display at the Coorong council office at Tailem Bend.