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Adelaide most competitive place to do business

Discussion in 'Property Market Economics' started by D.T., 4th Apr, 2016.

  1. D.T.

    D.T. Adelaide Property Manager Business Member

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    Adelaide has been ranked the most cost competitive city in Australia, moving ahead of Melbourne in KPMG’s latest biennial Competitive Alternatives Report.

    The report ranks Australian cities based on the cost to businesses in a range of areas, including tax, labour, commercial rent, transport and utilities.

    The South Australian Government has instituted tax cuts in the 2015 State Budget to make the State the cheapest place to own and run a business.

    These tax reforms will make South Australia the lowest taxing state in Australia for business.

    The reforms extended the payroll tax rebate, abolished stamp duty on non-real property transfers, abolished stamp duty on corporate reconstructions and will abolish stamp duty on non-real property transfers by 2018.

    The KPMG report shows Adelaide’s cost advantage is strong in the research and development and digital services sectors, which reflects the State Government’s support of tech startups.

    Full article here - South Australia’s economic priorities. A place where people and business thrive - Adelaide ranked most competitive city to do business
     
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  2. Johnny Cashflow

    Johnny Cashflow Well-Known Member

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    Already knew this.

    Adelaide is very hard to start a new business in current environment and make it profitable.

    I see them open and close up in 6-18months all the time
     
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  3. D.T.

    D.T. Adelaide Property Manager Business Member

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    I think you misread; most competitive as in the best place to open/run business.
     
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  4. Kate Moloney

    Kate Moloney Well-Known Member

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    Good for the economy.
     
  5. Xenia

    Xenia Adelaide Property Manager Business Member

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    Adelaide is a tough market that's for sure, but I love it here.
     
  6. Johnny Cashflow

    Johnny Cashflow Well-Known Member

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    I don't agree with it all then. Adelaide is in my opinion the worst place to start a business. The economy is slow. There isn't enough people to support the amount of business's already here. Along with Adelaide having some of the highest water and electricity prices. What makes it good exactly? Because that artical says so?
     
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  7. Nemo30

    Nemo30 Well-Known Member

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    Water and electricity wouldn't be your main business expenses (unless you're running a swimming pool ;) )

    As the article said, the cost of doing business is lower in Adl in terms of taxes. Rents are also very competitive.

    Depends on your business whether it matters about the Adelaide population. Many businesses may set up in a particular location but do business around the world.
     
  8. Johnny Cashflow

    Johnny Cashflow Well-Known Member

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    Think of restaurants electricity bill. With freezers, lights, aircon, cool rooms and electric ovens running all day you think that won't add up?

    Water is also more expensive here than anywhere else.

    Anyone can misuse infortmation in their favour to write a news artical and that's exactly what they have done here.

    Many restaurants don't open on Sunday any more due to the cost of wages.

    Actually goto the owners of business's and ask them how they are going and you will get the real answer I bet it won't be as merry as this artical.
     
  9. Nemo30

    Nemo30 Well-Known Member

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    So don't open a restaurant.

    My parents were self employed business owners in Adelaide until recently, they did ok, but the also worked damn hard. I know what you are saying.

    You're missing the point of the article. Think outside the retail business catering to the local population. Nothing wrong with encouraging businesses to have a base in Adelaide, providing goods and services more widely.
     
    Last edited: 4th Apr, 2016
  10. Joshwaaaa

    Joshwaaaa Well-Known Member

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    We are in manufacturing and we are cruising along probably the best we have since 2008 and as the news has no doubt told you manufacturing in this state is dead. All of our customers (all manufacturing) seem to be pretty chipper with the state of things at the moment. Quite a few new start ups I have been seeing too.

    The few customers that are struggling or have gone bust just haven't moved with the times. A lot of toolmaking joints are in that batch as toolmaking is done and dusted in this country, unfortunately I'm also a qualified toolmaker (worst decision of my life) but have nothing to do with it these days
     
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  11. Cem

    Cem Member

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    Having worked for a few multinational companies, the trend that Ive observed is that they are relocating major business units to Adelaide for cost purposes.

    That and offshoring
     
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  12. jins13

    jins13 Well-Known Member

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    Been seeing some ads of Adelaide during prime time television of them winning the contract to do the manufacturing of the submarines and etc.
     
  13. D.T.

    D.T. Adelaide Property Manager Business Member

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    Yes there's been a few tender wins lately
     
  14. jim1964

    jim1964 Well-Known Member Premium Member

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    When i was in Automotive stamping shops the "toolies" were the lifeblood keeping it all going. and very well paid for it,dont thing schange.
     
  15. sash

    sash Well-Known Member

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    Till Adelaide increases its share of immigrants like the other states...it ain't going anywhere.

    Even though it is cheaper to do business...I can't see many business HO moving there. Though the Feds will probably ensure the subs get made there...
     
  16. D.T.

    D.T. Adelaide Property Manager Business Member

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    You going to provide any facts or just your opinion?
     
  17. barnes

    barnes Well-Known Member

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    What facts do you need? He is right. I knew several families that came from overseas having that special kind of visas that prohibited them to leave SA for a period of 24 months, but after that they could go and settle elsewhere. Out of 5 families I knew, only 1 stayed a year more (a guy just had a good contract here, contract was over and they left) all the others moved East and one to Qld.
     
  18. D.T.

    D.T. Adelaide Property Manager Business Member

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    Anecdotal evidence is fun. My business partner, my Mrs and myself all moved to S.A. from interstate. Does that offset the people you mentioned?
     
  19. barnes

    barnes Well-Known Member

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    I have moved to SA from overseas - so what. We are those rare people who like it here. All the rest leave on a first opportunity they have.
     
  20. Special order

    Special order Well-Known Member

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    What a idiotic thing to say, Adelaide has a population of 1.3 million people! Would you mind clarifying how many of these people are miserable and want to leave?
    Wow
     
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