Adelaide most competitive place to do business

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

Join Australia's most dynamic and respected property investment community
  1. D.T.

    D.T. Specialist Property Manager Business Member

    Joined:
    3rd Jun, 2015
    Posts:
    9,189
    Location:
    Adelaide and Gold Coast
    Pretty rarely need to go to cbd for much anymore. It reminds me of when the satellites in Perth were coming about 20 yrs ago - joondalup, Osborne park, midland, freo, etc. Glenelg, noarlunga, Salisbury are pretty similar. They have their own employment hubs, entertainment spots, etc.

    Jdp1 main point was about tourism in cbd. I think glenelg would get plenty of tourists and most wouldn't really need to go to the Cbd.
     
    ollidrac nosaj likes this.
  2. Brady

    Brady Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    2,561
    Location:
    Adelaide, SA
    Personally
    I'm still eating out - but more recently it's been local or if I'm going to have a day out I've gone Barossa or Adelaide Hills, don't do into the CBD much anymore for that.
    Work - I work in Metro Adelaide (Modbury) Still occasional training in the city, but usually only the bi annual. Monthly/quarterly have been local
    Entertainment - Adelaide Oval draws consistent huge crowds into the CBD, not only sport but entertainment.
     
  3. ATANG

    ATANG Well-Known Member

    Joined:
    5th Jul, 2015
    Posts:
    615
    Location:
    SA
    This is one of the main problems in ADL, a dead cbd. It's not much of an issue for locals, but for tourists, visitors, investors who come down to the town and experienced a dead centre, you know they going to walk away and never come back. But gov either doesn't get it or just too slow in acting.
     
  4. Brady

    Brady Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    2,561
    Location:
    Adelaide, SA
    Adelaide shouldn't try to be like other places - because it's just not going to happen.

    If you have visitors, tourist, investors I would be showing them the city. But that's not where majority of the time would be spent.

    I would take them to the Barossa, Clare Valley, Adelaide Hills, Kangaroo Island, Flinders Rangers , Fleurieu Peninsular, Port Lincoln, along the Murray.
     
    jim1964 and ollidrac nosaj like this.
  5. D.T.

    D.T. Specialist Property Manager Business Member

    Joined:
    3rd Jun, 2015
    Posts:
    9,189
    Location:
    Adelaide and Gold Coast
    If Adelaide was like other places , people would move. We like its character , quirkiness and charm.

    I think that's why some have a dim view of Adelaide, they're trying to compare it on the same metrics as other cities. Those who are local and know what's going on know different :)
     
    2FAST4U, jim1964, Guest and 2 others like this.
  6. JDP1

    JDP1 Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    4,244
    Location:
    Brisbane
    Yeah ok...that's probably true
    Whatever the case...people will love Adelaide if they show the cg. Plenty of ways to show cg..
    Show us the money and I assure you there will not be many 'dim view's of Adelaide. :)
     
  7. ollidrac nosaj

    ollidrac nosaj Well-Known Member

    Joined:
    27th Apr, 2016
    Posts:
    1,481
    Location:
    australia
    South Australia’s unemployment rate drops to 5.7 per cent for August, best in five years
    Adam Langenberg, Political reporter, The Advertiser
    September 14, 2017 12:26pm

    SOUTH Australia’s unemployment rate has continued its marked improvement, dropping to the lowest rate it has been since 2012.

    Australian Bureau of Statistics figures show the state’s seasonally adjusted employment rate has plummeted by 0.5 percentage points to 5.7 per cent in August, its lowest since November 2012.

    The drop comes on top of a 0.4 percentage points decrease in the unemployment rate in July’s figures.

    It means SA now has the equal second-best unemployment rate of all the states, behind only NSW (5.0 per cent).

    It also places SA just 0.1 per cent behind the national unemployment rate of 5.6 per cent.

    SA’s unemployment rate also dropped slightly in the more reliable trend terms, decreasing 0.2 per cent to 6.1 per cent.

    Employment Minister Kyam Maher welcomed the figures but said now was not the time for complacency given Elizabeth’s Holden plant will close next month.

    “Today’s unemployment figures show that there has now been 23 months of jobs growth, with a record 827,000 people in work,” he said.

    “The government will continue to work to secure investments for our state that create jobs and benefit existing businesses.”

    Nationally, about 22,000 more people were in full-time employment in August, while part-time employment increased by 6000.

    The national seasonally adjusted total number of new jobs rose by 54,200.

    “Full-time employment has now increased by around 253,000 persons since August 2016, and makes up the majority of the 307,000 person increase in employment over the period,” said ABC chief economist Bruce Hockman.
     
    HUGH72 and petewargent like this.
  8. D.T.

    D.T. Specialist Property Manager Business Member

    Joined:
    3rd Jun, 2015
    Posts:
    9,189
    Location:
    Adelaide and Gold Coast
    Definitely heading in the right direction.
     
    ollidrac nosaj, petewargent and Brady like this.
  9. ollidrac nosaj

    ollidrac nosaj Well-Known Member

    Joined:
    27th Apr, 2016
    Posts:
    1,481
    Location:
    australia
    Rooftop solar pushes South Australia to record low grid demand – in spring!

    "AEMO has predicted that by 2019, record low demand may fall to just 354MW, and within 10 years the grid demand may fall to zero because of the increasing amount of rooftop solar"

    "South Australia is the first region where rooftop solar PV has caused a shift in minimum demand from night time to the middle of the day"

    Rooftop solar pushes South Australia to record low grid demand – in spring!
     
  10. sash

    sash Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    15,606
    Location:
    Sydney
    It looks like the Northeast is one of the hottest markets in Adelaide.

    Certainly monitoring that as bought a house in Holden Hill last year for under well 250k....nothing under 300k there anymore...
     
    ollidrac nosaj likes this.
  11. ollidrac nosaj

    ollidrac nosaj Well-Known Member

    Joined:
    27th Apr, 2016
    Posts:
    1,481
    Location:
    australia
    Yep the median for HH is just shy of 400 atm, Prices are definetly on the move. I follow the market further north and have noticed a decent price jump with the latest listings in Salisbury East.
     
  12. sash

    sash Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    15,606
    Location:
    Sydney
    Yep....I have noticed that places like Parafield Gardens, Paralowie, Para Hills, Salisbury East, Salisbury are moving a good pace.

    But this pales to Modbury, Modbury Heights, Holden Hill and surrounds.....very soon very little will be under 400k

    Just like Melbourne a lot of sub-continent money is pushing this up
     
    ollidrac nosaj and jim1964 like this.
  13. ollidrac nosaj

    ollidrac nosaj Well-Known Member

    Joined:
    27th Apr, 2016
    Posts:
    1,481
    Location:
    australia
    Consultant Deloitte’s solutions for Adelaide to achieve a crucial population boost

    Cameron England, Business Editor, The Advertiser
    September 14, 2017 10:11pm
    Subscriber only

    ADELAIDE should consider an underground rail loop, road tolls and an “edgy” social agenda that echoes the Don Dunstan era to provide a crucial population boost, Deloitte believes.

    A network of “village clusters” in and around the CBD should also be promoted to drive growth and employment, with relaxed retail trading hours and food and liquor licensing to foster a cosmopolitan atmosphere.

    In a report to be released on Friday, the consulting firm also says that if the state wants to attract the kind of people who can sustain a vibrant, ideas-driven economy, it needs to regain its reputation as a socially progressive place.

    “Adelaide needs to reshape itself into a destination like nowhere else,’’ the report says.

    “This means being contrarian economically and a little more edgy socially. We most recently found our mojo during the infamous Dunstan era.

    “During the period, South Australia put itself back on the map by making radical social and cultural changes, as much as economic leaps and bounds.’’

    The consulting firm also argues that while Adelaide used to be the “20-minute city” it now has a congestion problem, with “considerable” new investment needed to address the issue.

    This could come in the form of public private partnerships or “road pricing” — including road tolls or other pricing structures — and could help deliver a non-stop South Rd and other enhancements to the North-South corridor.

    Deloitte also says the perception of Adelaide as a “big country town” should be shot down, because Adelaide is larger than cities such as Oslo, New Orleans and Bordeaux.

    It is working on a four-stage project — Make it Big Adelaide— to spark the conversation around what the Adelaide of the future should look like.

    It has already argued that SA needs to double its population growth rate between now and 2027 and bring in an extra 290,000 people — or 142,000 above government forecasts — to reach a population of two million. The state is currently on track to reach that level by 2039.

    Friday’s Make it your Adelaide report is the second in the four-part series, with the final report — which will include recommendations — to be released in November.

    While on Friday’s report does not make firm recommendations, it says now is the time to start the conversation around ideas like an underground rail loop.

    “A decade from now, Adelaide will start to be around the same size that Melbourne and Perth were when they planned their underground city rail loops,’’ the report says.

    “It’s already in the Integrated Transport and Land Use Plan, but current plans to pursue an underground rail loop in Adelaide should be a larger part of our public debate.

    “Melbourne’s experience suggests now is the time to start planning for this future.’’

    The Deloitte report urges new approaches to financing road infrastructure such as a non-stop South Rd, and the northern corridor and its connections to the Southeastern Freeway.

    “ ... Adelaide has a congestion problem today, and without new investment, those problems will continue.

    “Once the ‘20 minute city’, commute times on Adelaide’s key routes are substantially longer compared to 20 years ago.

    “New technologies, such as sensors, may improve traffic flow, as may real-time data and car to car communication.

    “However, without considerable investment in Adelaide’s cross-city road corridors, commute times will likely continue to increase.’’

    Commuter tolls have been a hot political issue in SA with both major parties currently opposed.

    The report also notes that Adelaide cycling infrastructure remains “largely underdeveloped and our inbound city traffic too reliant on cars’’.

    On the housing and development front Deloitte argues Adelaide should extend the tram network and become a “city of villages” taking the burden off the CBD by creating more employment opportunities outside of the centre of Adelaide.

    “Rather than designing infrastructure to move an increasing number of people from expanding outer suburbs into the CBD, the goal should instead centre on a network of village clusters.’’

    The report says the focus initially should be on the “four villages of Adelaide’s CBD”: The East End, the West End, Hutt St and the South-West corner around Whitmore Square.

    “Extending Adelaide’s tram network throughout the city and into the inner suburbs would provide the impetus for the development of villages in the areas which encircle the CBD, and serve as connections to other villages’’.

    The village idea would however, necessitate a move away from traditional housing expectations such as a three-bedroom house on a quarter acre block, Deloitte argues.

    “Instead, people would need to choose to live in multistorey dwellings with limited parking and shared facilities.

    “This change is likely not to be as radical for younger generations compared to older ones: there is already some evidence to suggest that an intergenerational shift in housing preferences is underway, with millennials choosing to live in densely populated areas in proximity to where they work and play.’’

    Deloitte says that for this approach to succeed, “current building height restrictions, particularly those in the inner suburbs, would need to be relaxed’’.

    “While the new Bowden development presents an exciting opportunity, it should be the start of a trend — not an isolated site’’.

    On the innovation front, Deloitte says a physical precinct such as Tonsley was a good step, and the private sector needed to do its part.

    Attracting more capital investment was also key.

    “One possible solution is to improve the competitiveness for financial capital within South Australia.

    “This involves enticing capital investors possibly with greater tolerances for risk, from outside SA, to increase the supply of capital, thereby placing pressure on the conservative preferences of South Australian investors.’’

    Governments should also be wary of red tape constraints and self-interested incumbents who might seek to deter competition.

    “Understanding and removing bureaucracy that stymies innovation and investment is also another role for government to improve the conditions for innovation’’.
     
  14. ollidrac nosaj

    ollidrac nosaj Well-Known Member

    Joined:
    27th Apr, 2016
    Posts:
    1,481
    Location:
    australia
    French driverless auto company to manufacture in Adelaide

    "The Premier said the company had been “attracted by South Australia’s carbon neutral and renewable energy focus which aligns with its own global interests”.

    While the firm has manufacturing operations in Lyon, France and Detroit, Michigan, “a plant in Adelaide would secure operations in Europe, the Americas and Asia-Pacific”.


    French driverless auto company to manufacture in Adelaide - InDaily
     
  15. 2FAST4U

    2FAST4U Well-Known Member

    Joined:
    3rd Jul, 2015
    Posts:
    2,304
    Location:
    Democratic People's Republic of Australia
    I attended an auction at Enfield on Saturday afternoon for a 2 bedroom house. The house was worth low 400's max but ended up selling for 465k to a Pakistani couple.
    15 Corralyn Ave Enfield SA 5085 - House for Sale #126294482 - realestate.com.au
     
    ollidrac nosaj likes this.
  16. sash

    sash Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    15,606
    Location:
    Sydney
  17. ollidrac nosaj

    ollidrac nosaj Well-Known Member

    Joined:
    27th Apr, 2016
    Posts:
    1,481
    Location:
    australia
  18. ollidrac nosaj

    ollidrac nosaj Well-Known Member

    Joined:
    27th Apr, 2016
    Posts:
    1,481
    Location:
    australia
    Tony Abbott's gut v Elon Musk's brain and billions: which would you follow?

    Richard Denniss, Australia Institute's chief economist.

    South Australia has one of the highest concentrations of renewable energy in the world. And its government was recently the first to announce a state-based bank tax. But while Australians have been told these "reckless" policies will destroy jobs and discourage investment, some of the world's most-successful entrepreneurs recently chose to invest big in the state. How could this be?

    Tech entrepreneur Elon Musk, who gave the world PayPal, Tesla and SpaceX, recently secured the bid to build the world's largest battery-storage plant in South Australia. English billionaire Sanjeev Gupta, whose family fortune was made in good old-fashioned steel, recently bought the Whyalla steelworks. Either these businessmen didn't do their due diligence or what conservative politicians tell us about South Australia is utter nonsense. I know which way I'd lean.

    Before Tony Abbott began his 23 years as a public servant, he dabbled with being a priest and a journalist. And while he clearly knows how to tell a simple story based on blind faith, there is nothing in his education or experience to suggest he knows anything about how to run a power station or a steel mill. But in Australia the ability to "cut through" trumps the ability to talk sense. And Abbott excels at simplifying complex issues into three-word slogans.

    Abbott isn't an engineer or an economist, but he claims you can't have a modern economy without coal-fired steam engines. Musk, who is an engineer, is betting a lot of his own money that the future of energy is renewable sources linked to battery storage and smart grids. Gupta, who has a masters in economics and owns the only steel mill in the world powered by waste fish oil, just spent his own money buying a steel mill in the state with the most renewable sources. Someone is completely wrong.

    Once upon a time, the Coalition would have slapped down a backbencher who suggested politicians knew more about what companies need than the companies themselves. That was when the Business Council of Australia and the Coalition could get away with pretending that all the federal government needed to worry about was cutting the corporate tax rate, cutting wages and staying out of big businesses' way.

    But as the fights between the Coalition and AGL over energy policy, between the Coalition and the big banks over the federal bank tax, and between BHP Billiton and the Minerals Council of Australia over the need for a carbon price show, the very idea of "the business community" is breaking down. Its now clear to the public that Australia has much bigger problems than the company tax rate

    Malcolm Turnbull is trying desperately to keep the Liberal Party's free marketeers, the Nationals' agrarian socialists and peak bodies like the Business Council all inside the tattered old tent that John Howard built back in the 1990s. Meanwhile, Abbott is letting off firecrackers and shouting "fire" to get those same groups to run for the hills.

    Chaos may be Abbott's best chance to return to the top job but it won't lead to business certainty or lower electricity prices. Abbott has variously supported, and opposed, carbon taxes, emissions-trading schemes and renewable-energy targets. He once described himself as "a bit of a weathervane" on climate change. He's more like a field of landmines that periodically explodes as Turnbull tries to tiptoe through it. It's a waste of time to try to placate Abbott and the coal industry – you can't negotiate with a landmine.

    Australia's Parliament is settling in for another long fight about what not to do about climate change while the rest of the world continues its march away from the age of coal towards energy systems based on renewables and storage.

    Leaving aside that Australia is the world's largest exporter of coal and that we will soon be the world's largest exporter of gas, the risks to Australia are not just that we will exacerbate dangerous climate change, but that we will be left behind domestically and left surrounded by big piles of coal that the rest of the world doesn't want.

    Last year, China's economy grew by 6.7 per cent and its coal consumption fell by 4.7 per cent. That's the third year in a row that China's coal consumption fell. In 2015, China introduced a moratorium on new coal mines. The existing coal fleet runs at about half capacity and, in 2016, China stopped 30 large coal-power plants already under construction. This year, it stopped a further 103 power stations that were planned or midway through their build. It's true that China is still building some coal-fired power stations, but it is also true that it is investing far more in renewables than it is in coal.

    India is on a similar trajectory. Despite claims made by those who are desperate to bail out the Adani coal mine in North Queensland, Indian coal consumption and imports are declining. Not only has the Indian government declared the goal of reducing coal imports to zero but, after the recent cancellation of an enormous 4000-megawatt "ultra mega-power project", Gujarat's Energy Minister, Chimanbhai Sapariya, said: "We already have more than sufficient generation capacity. Our focus is now on renewable energy. The government will encourage solar power."

    In the next decade, hundreds of coal-power stations will shut down due to old age and high operating costs. While hundreds of power stations on the drawing board have been quietly dumped, it is true that a lot of stations are still being planned. Of course, it's also true that millions of Australians "plan" to lose 10 kilograms, tidy the garage and consolidate their superannuation accounts.

    Turnbull loves a plan but Musk isn't just "planning" to replace coal-fired power stations with batteries; he is betting billions of dollars that his battery factories will do so. Gupta just bought half of South-Australian-based battery company Zen Energy to help make his new steel plants even more heavily reliant on renewables.

    Conservative politicians have told Australians for decades that, despite being the world's largest exporter of coal and iron ore, Australia is a terrible place to make steel. Yet a British steel maker just bet that those politicians were wrong. We were also told our wages and taxes are too high to make cars. Ever seen a Volvo? Let's face it: much of what we are told about our economy is complete nonsense.

    But as new entrepreneurs, technologies and ideas bust up the complacency of much of our political debate, there is no doubt the old guard will fight till the end. Abbott told us the carbon price would wipe out Whyalla. It didn't. He told us that scrapping the carbon price would give us cheap energy. It didn't. And while Abbott tells us that you can't run an industrial economy on renewable energy, Gupta is betting you can.

    Just as facts don't get in the way of Malcolm Roberts' beliefs about his citizenship (or anything else), facts won't slow down Abbott and the coal industry's political war against renewable energy. The problem is that, even if Abbott wins, the Australian economy loses. Again.
     
  19. jim1964

    jim1964 1941

    Joined:
    18th Jun, 2015
    Posts:
    1,298
    Location:
    Westcoster Strahan Tasmania
    ollidrac nosaj likes this.
  20. jim1964

    jim1964 1941

    Joined:
    18th Jun, 2015
    Posts:
    1,298
    Location:
    Westcoster Strahan Tasmania
    Noooooooooooo 4444.PNG