Adelaide most competitive place to do business

They'll be out of here so fast it'll make your head spin.

 

O'well we as well all pack up and move interstate before the city is just a ghost town.

 

Well it's pretty dire, don't know if you've travelled around this city much recently but the poverty is everywhere. Reminds me of going to the north of the UK after Thatcherism had struck.

 

It's like the glass being half full or half empty!
It all depends on your perspective, there's always negatives and positives in all situations.
Focussing on the negatives all the time won't change it, as the saying goes, you can't change a problem using the same thinking that created it!
South Australia has a lot going for it, we (all the people of SA) need to talk about the positives and attract the investments and job creation activities that will prosper all SA in a sustainable way.
This means there will be change and development, Adelaidians need to get over the "not in my back yard" thinking.
Insanity is doing the same thing over and over and expecting different results - Albert Einstein

 

Don't get me wrong, I love my city and I chose to live here. But Steve Marshall is no Tom Playford and there's almost no jobs left outside of education and defence - and both those things are extremely reliant on government largess. There's almost no organic development of any sort - probably because we have the highest domestic electricity charges in the world (for a start).

This is simply not a competitive place to establish or operate a business, especially not in a global sense.

 

I feel there has been more of a positive energy shift and more optimism since Steve Marshall took over. It is still to early to see if he will have the impact expected.

 

You say that like its a bad thing?

 

I'm personally relieved that Weatherill is gone because that bloke was single-handedly making the power crisis even worse with this ridiculous insistence on moving to unreliable and incredibly expensive 'renewables' making our electricity the most expensive in the world. But Marshall is weak as water - they can't even get their shopping hours reforms through parliament because Liberal Party donors are sabotaging it and that was pretty much a core promise taken to the last election. The fact that they're stymied by their own party and can't seem to get anything of significance through parliament is a worry.

In the second place, the things that he's come out with since being elected are pure bulldust, like the international space centre. Supposedly that's going to generate 20,000 new jobs with just $40 million in Commonwealth and SA govt capital - but if you look at how competitive that industry is (already) you'll soon realise that it's just a load of rubbish - nobody is going to choose us as a place to launch from when they can get it done by much more established players in the United States, Russia or India - and probably cheaper too.

I love my home but if I was young there's no way I'd stay here, there simply isn't the jobs or the industry any more.

 

It's a dreadful state of affairs; the only 'industries' of note left are both completely supported by government and are dependent either on Commonwealth contracts or the continuous supply of overseas students looking to get residency. Neither of those things is going to be sustainable going into the future.

 

SA now has nation’s third-lowest jobless rate

"It’s not that long ago some analysts were predicting a double digit unemployment rate in the wake of Holden’s closure"

 

Looking at the trend employment results in SA there has been improvement over the last 12 months. In May 2018 there were 843.1k South Australians employed. In May 2019 the figure is 857.4k. 10.3k of the 14.3k jobs were full-time.

 

Launch site flagged for Australian electronic warfare satellites

"The MOESS project will involve a constellation of about 20 CubeSats to provide the first fully Australian developed, owned and operated space based Electronic Warfare capability."

Satellite research centre launched to advance Australian space industry

"The $245 million in funding for advanced telecommunications and intelligent satellite systems makes the SmartSat CRC the biggest space industry research collaboration in Australian history"

"The satellite constellation is envisioned to provide advanced remote sensing capabilities to help Australian farmers, border security and emergency services monitor the expanse of Australia."

 

University Plans $1.5bn Transit-Oriented Precinct

"Flinders University has unveiled a $1.5 billion plan to build Adelaide's largest health and education precinct at its Bedford Park campus."

"The development could potentially bring 5,000 extra international students to Adelaide, boost annual education exports by $99 million"

 

Is this state ‘best insulated’ from the market downturn?

"due to the state’s stable economic growth trajectory, which then helps to protect it against global and domestic economic uncertainties."

"the area is seeing flow-on economic benefits from strong growth within the defence, medial, engineering and resources industries."

 

Not sure where they're getting 3% growth in residential property, the latest CoreLogic figures show that we're down 0.1% over the last quarter.

Also seems to run directly contrary to other advice that I've read which suggests that new apartments in Adelaide are pretty much the worst investment decision anyone could make: Adelaide's CBD among 'Australia's riskiest property investment destinations' - InDaily

 

Unemployment remains relatively low because we haemorrhage 7,000 people a year to Sydney and Melbourne - particularly young people - Why young South Australians are leaving the state

The only reason we manage to increase in population is overseas migration whereas the number of people leaving for interstate has doubled since 2014. To give some perspective, Victoria adds more people in a month than South Australia does in an entire year.

 

The latest net interstate migration figures have SA losing 4000 people. 3412.0 - Migration, Australia, 2017-18

 

I read that article in the Sadvertiser recently, they seem to have had a really red hot go at promoting SA as a place to invest in real estate. They seem to constantly think its necessary to talk the joint up - why?

I'd again respond with "it's about the jobs, stupids". We don't have any growth industries here apart from those the SA or Commonwealth supports. As if to reinforce what I'm saying the hapless SA government paid a fortune for this multi-page splash in today's Sadvertiser: No Cookies | The Advertiser

If they really believed that the place is really cooking with defence and space jobs then why the need to spend money on inserts into the papers telling us how great it's going? Where's the organic private sector investment happening to create the jobs to stop the 3,500 young South Aussies leaving permanently every year?

And again, notice how the jobs being created are actually extremely specialised, very few in number and probably requiring expertise to be imported - they're not for your average unemployed or even skilled South Australian by any measure of the stick.

And don't ask the "Committee For Adelaide" what they think - their only solution is to make South Australia into a "Designated Migration Area Agreement" spot so that employers can directly import even more low-skill low-wage people into SA which will somehow make us more prosperous. Because that's worked so well in Sydney and Melbourne.

 

It will be interesting to see what the Budget looks like tomorrow. Apparently SA is losing $500 million in GST revenue and stamp duty revenue has also fallen due to less transactions occurring. Despite an extra 10k full-time jobs being added in the last 12 months month I agree that jobs are an issue in SA.

 

Not sure if sarcasm but I agree with this sentiment. It has worked really well for the Sydney and Melbourne economy. Jobs galore here. Has greatly lowered the quality of life here but if we're just talking about the economy, it's a win.