Adelaide most competitive place to do business

Yep sure I understand that. But also money is, money and it currently supports one 5th of the Brisbane workforce. Don't get me wrong, I'm not saying Brisbane is not adequately diversified at all. Also lets be realistic the mining sector is affected by cyclical issues. It will bounce back, I agree structually there's a big difference between it and the car industry, which ain't coming back.

 

$300,000 Paralowie who would have thought. I lived on Tintara rd for about 20 years my folks sold the family home there for $79000 in 1993.

 

Paralowie goes alright

 

Water infrustructure proposal:

Recycled wastewater extension in Adelaide's north to bolster horticulture exports - ABC News (Australian Broadcasting Corporation)

As quoted from the article:

"We can't supply Asia [with enough produce] ... and more water is greatly needed."

While electricity has been making all the headlines of late, I don't think we have been paying anywhere near enough attention to water infrustructure/security. As the quote above suggests we have a market demand outstripping supply.

I am very bullish on this sector, as those that have read my posts in the "other asset class" threads would know. I have a disproportional weight in my equity portfolio to the global agricultural sector.

https://www.betashares.com.au/wp-co...obal-Agriculture-ETF-Currency-Hedged-FOOD.pdf


My personal belief is the economies' that invest now to secure up water/food supply will reap an outperforming ROI into the future.

This view is also held by Dr Michael Burry ( for those that are not familiar with Dr Burry, he was the first to realise the coming US property crash. While Burry profited hugely from it, it did take a big personal toll on him. As investors and even the US government turned on him for his contrarian position.)

 

Another article on the same proposal:

$110 million irrigation fund to create 3700 jobs: State Govt - InDaily

“The Northern Adelaide Plains is the largest greenhouse crop producing region in the Southern Hemisphere, and is poised to become one of the leading horticulture regions in Australia,” said Bryan Robertson from Hortex Alliance.
“Our region is situated right next to Elizabeth, and with the closure of Holden, our growers are ready to use these new resources to help lead the economic recovery in Adelaide’s north.”

 

As pasted from the Advertiser, Salisbury company Bickfords purchases farmland to secure supply, and looks to invest more:

Pomegranate harvest sees Bickford’s drinks company look to fruit exports
Belinda Willis, The Advertiser
April 6, 2017 12:00am
BICKFORD’S is planning to export pomegranates and diversify into growing its own wheat and barley from a South Australian farm it purchased out of administration.
Managing director Angelo Kotses told a Food South Australia summit yesterday of the export plans, saying the largest market for pomegranates was in the US where crops are harvested at different times than in Australia.
He said harvest of the company’s 90,000 trees started on Monday at its pomegranate property — one of the largest of its kind in Australia — at Wanbi Downs in the Northern Mallee. It is planned that 75 per cent of the fruit will be used in its own juice and 25 per cent going to the open market.
“Our capacity this year, we’ll do about 750 tonnes of pomegranates, the capacity in the future we’ll get to do about 5000 tonnes when the trees mature, we need 1250 tonne of fruit every year to supply ourselves with juice,” Mr Kotses said.
He said when his SA drinks company bought the 2543ha farm in March 2014, with its 530ha of pomegranates, it was in administration.
But Mr Kotses said the former owners had never approached Bickford’s to sell pomegranates despite the fact that the drinks company was Australia’s largest buyer of pomegranate concentrate.
“No wonder they went bust,” he told industry leaders at the summit.
The sale meant Bickford’s had control over its supply chain and Mr Kotses said the farm was now into its third year program and “this year’s crop is looking absolutely amazing”.
“We found going back into the supply chain we could secure our own fruit juice for the future and with country of origin labelling it gives us the chance to be different compared to everyone else,” he said.
“This one was a surprise packet, in terms of return on investment it’s probably going to be one of the best ones we’ll see in a long, long time, we’re going to invest more in this area.

 

Boeing president suggests Adelaide has all the right drivers for investment, but were just not getting the word out:


Companies including Tesla and Boeing are in Adelaide this week seeking investment opportunities

Cameron England, Business Editor, The Advertiser
April 11, 2017 11:28am

ENERGY and medical sciences are high on the agenda for a US business delegation visiting Adelaide this week, featuring companies such as GE, Tesla and Boeing.
The United States’ acting ambassador to Australia, James Caruoso, said he saw parallels between the revitalisation of Pittsburgh’s economy in the 1990s with the State Government’s efforts to transition South Australia from a traditional manufacturing base to high technology and advanced manufacturing.
Mr Caruoso is joined in Adelaide by 12 US companies, as well as the American Chamber of Commerce, represented nationally by chief executive Niels Marquardt, on a visit co-ordinated by Investment Attraction South Australia.
The companies will be touring the Tonsley innovation district, the South Australian Health and Medical Research Institute (SAHMRI) and the Adelaide Smart City Studio, looking for investment and collaboration opportunities.
Mr Caruoso said shortly after he arrived in Australia mid-last year he came to Adelaide and met with Treasurer Tom Koutsantonis.
“I was really impressed with the parallels between Adelaide as a manufacturing city that’s trying to reform itself through technology and health and the parallels with Pittsburgh,’’ Mr Caruoso said.
“And the fact that Carnegie Mellon has its university here ... and the hunger of South Australia to move on and find ways to do that.
“So you have all that in the Australian context which is a country which has had 26 years of uninterrupted growth, rule of law, transparency, a free trade agreement with the US.
“And it seemed to me that a lot of US companies may not be fully aware of the potential of doing business here.’’
Mr Caruoso said the US was still the largest investor in Australia, contributing much more than China for example.
Boeing recently announced it would open an office in Adelaide, creating at least 250 high-technology jobs.
“One of the things we tend to do and is important to us is to be close to our customers, and to be part of a healthy ecosystem for the talent of the future,’’ Boeing Australia, New Zealand and South Pacific President Maureen Dougherty said.


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“They’re very important drivers for where Boeing does business globally.’’
Mr Marquardt said he believed Adelaide deserved a higher profile in terms of being an investment destination.
“The competitive aspects of it ... it’s been compared to Portland, Oregon, where I’m from.
“The much lower cost of living, there’s a whole lot of information that’s not only not reaching the United States, it’s not reaching Sydney.


“For AmCham this is a perfect time for us, we’ve just hired a full time general manager here, we’ve had a chapter in Adelaide for decades but we’re really looking at this as a point in time when we’re going to grow the presence here.’’
Minister for Investment and Trade Martin Hamilton-Smith said: “The Acting Ambassador has expressed interest in learning more about our university sector during his visit, their commercialisation arms and how they are partnering with the private sector.
“The visit provides a great opportunity to showcase Adelaide as a key innovation hub and delegates will meet with a range of start-ups and entrepreneurs during their visits to Tonsley and Adelaide Smart City Studio.’’
[email protected]

 

Yeah,who would have thought.I have a mate who built on Whites Rd in the 80,s, i thought he was mad.

 

I always find it interesting that the main reason people say that Adelaide is a poor investment is because it has poor unemployment. I agree it has higher unemployment, but really how much longer can a capital city have housing costs half of that of other cities, I mean you can literally survive here on 1 income and raise a family, while still investing in other assets.

 

You can, and I do. If Adelaide is one thing its "easy".

 

Unfortunately some experts have an axe to grind, their own preferred investment areas to tout, or in some cases its as petty as they dislike some forum members who live there and use every opportunity to disparage Adelaide as a passive aggressive slight against them.

But, there are a lot of positives too. Boeing's 250 job creation announcement is great news.

 

My belief is the Adelaide figures while I'm sure accurate, aren't a true representation. We have certain pockets that have a disproportionately high unemployment rate. Some choose not to work and that unfortunately is also easy to do here.

 

Cost of living allows for it. I have a few single mum tenants who don't work but have never struggled with rent.

 

At some stage this will change unfortunately, when out of towners realise the benefits of Lil Ol Adelaide,Great insight !!!! Totally agree.

 

SAAB to invest $40M at Mawson Lakes:

SAAB last week announced it would spend $40 million to build a Defence Institute at its Mawson Lakes site.

Under a partnership between the company and UniSA, specialist degrees and potential internships would equip graduates for employment in the state’s expected defence jobs growth.

The partnership will include reintroducing a Master of Military Systems Integration, which had been axed SA following a drop-off in defence work in recent years, as well as less formal study to ensure graduates were ready for hi-tech roles.

Joint research between UniSA researchers and SAAB engineers on new technology, along with SAAB internships – some up to 12 weeks – would also be on offer.

The institute would complement the recently announced Australian Maritime Technical College, which could cater for a range of applicants including school leavers and ex-Holden workers.

UniSA engineering and IT professor Simon Beecham said the university was still developing the program and was not able to say how many students it would enrol.

However, he was expecting strong interest for places.

“We are expecting good demand because of the area and because there are good career prospects, so I think there will be a natural attraction,” Prof Beecham said. “UniSA has always specialised in Engineering and IT ... but now there will be specialisations that will steer towards defence.”

By the late 2020s, it is hoped that the naval shipbuilding industry will expand to more than 5200 employees in construction in South Australia. Construction of offshore patrol vessels is due to begin at Osborne in 2018, before it is shifted to Western Australia in 2020. This will clear the way for the construction of frigates from 2020 and submarines from the early 2020s.

Bachelor of Engineering (Honours) student Scott Evans, who has aspirations of being a project manager in the defence industry, hoped to take advantage of these developments.

“The benefits of this partnership is that it will give further opportunities to work closely with industry, and the confidence of knowing they are working on something that is relevant to industry – something that is cutting edge,” Mr Evans, 37, said.

 

Only if you can operate your business without electricity?

 

Very funny

 

Its OK the govt is going to connect all the gym exercise bikes in the state up to charge the new mega battery

 

Yea I agree. One income from working + one income from Centrelink

 

SA jobless rate rises again from 7pc to 7.3pc to be worst in the nation

http://www.adelaidenow.com.au/busin...n/news-story/63d2e4fabf9eb8c438cffa108c35714c