	The large house on the corner of present-day Portrush and Kensington Roads (and now part of Loreto College), known as The Acacias, was built in 1874-5 by Dr J.M. Gunson to the design of renowned builder and architect Michael McMullen. The land was originally part of land grant to George Fife Angas, Henry Kingscote & Thomas Smith, all founding directors of the South Australian Company. After several other owners, Gunson purchased the land in August 1874, built the house on a terrace above First Creek and developed the gardens.