Adelaide or Brisbane with my budget

Brisbane or Adelaide for 400k is like asking Sydney or Brisbane with 2 Mil.
Just as Sydney is in a different league than Brisbane, Brisbane is also vs Adelaide. This is not an equitable comparison.

 

What do you recommend?
Would you buy in Adelaide over Brissy?

 

Lots of activity in Adelaide, let's not confuse investor interest with growth. Owner occupiers create sustainable capital growth. A strong influx of investors only creates a bubble.

You can't discuss this stuff in a forum - the info is massive.
But I do have seminars coming up

 

cant say conclusively either way. It can be satisfied -with about the same liklihood of success- in probably both areas; brisbane would have to be further out as opposed to adelaide, but doable in both areas. Initially i was suggesting adelaide, but going further out in brisbanee could also satisfy this criteria.

 

Good on you

So OO buying in selected inner city locations driving this market north?

 

South Australia desperately needs to double rate of population growth, Deloitte report warns

 

Link no workey

 

South Australia desperately needs to double rate of population growth, Deloitte report warns


SOUTH Australia now has fewer 15-34-year-olds than in the mid-1980s, and the state desperately needs to double its rate of population growth or face dire consequences, a major Deloitte report has warned.

The global firm has singled out the sectors it believes can put the state back on the path to economic prosperity — but rapid population growth is the key to success.

Deloitte will today release its Make it big Adelaide report, as figures released yesterday show SA’s surging jobless rate of 7.3 per cent is defying national trends and is clearly the worst in the country.

The report draws on six months of research and analysis to deliver a blueprint on how to transform the state’s economy.

The eight sectors it believes are the key to SA’s revival are international education, energy and gas, tourism, agribusiness, defence industries, creative industries, health and medical industries

and professional and IT services.

Deloitte says the state already performs well in the first four sectors, and has great potential in the second four.

Deloitte Access Economics director Aaron Hill said it was not enough that Adelaide and SA were seen as “a nice place to live’’.

“We know there are many positive things about living in a smaller population state like South Australia and city like Adelaide, for example, the lifestyle offered.

“But without people and their skills and ideas, economies just don’t thrive, as public and private investment and the creation of jobs follow where people choose to live.

He said that for many years, too many young South Australians had left seeking better futures elsewhere, taking their skills, ideas and passion with them.

“Yes, they leave a lot behind, but this hasn’t been enough to stop them,” he said.

“This simply has to change. We want our young people to be able to stay, and we want them to raise their children here with the confidence that they too can make it in Adelaide.”

Deloitte argues 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.

This ambitious target coincides with damning figures that show only 1 per cent of the jobs created in Australia in the last five years were in SA.

Deloitte South Australian managing partner Andrew Culley said population growth would be the measure of success that the state was doing the right things to grow the economy broadly across various sectors.

“It’s no secret that South Australia’s economy has been growing more slowly than the rest of mainland Australia over the last three decades at least, with annual growth of 2.3 per cent between 1990 and 2016 compared to 3.1 per cent nationally.

“And the same goes for population growth, which is half that of Australia as a whole, as young South Australians choose opportunities in other states and not enough other young people choose to move to South Australia to replace them.

“We believe investment in the right industries, and the resulting job opportunities, will be key to keeping more of our young people here, and to attracting more of the best and brightest to make South Australia home.

He said that for Adelaide to compete nationally and globally, it needed to attract more than its fair share of the world’s best and brightest via appropriately targeted migration.

“Ultimately, the return of strong population growth will be the most robust indicator of a return to growing and sustainable economic health,” he said.

The report is the first step for Deloitte. which will be consulting with the public, government and business over the next year. It will then release findings, actions and solutions resulting from that process.

The firm has argued that South Australians have previously hoped for a “silver bullet”, such as a major project to bail out the economy, or placed the full responsibility at the feet of government.

In contrast, Deloitte says a revival needs to be “fuelled mainly by new private sector investment”.

One idea which could grow the population in the right way would be a targeted migration scheme, which “could ... impact those sectors of the South Australian economy where we have a comparative advantage, like energy and gas or tourism’’.

“The reality is that both public and private capital chase where people choose to live,’’ the report says.

“Ensuring our existing jobs continue to be based in Adelaide and that we’re able to attract the best and brightest will be ever more reliant on scale in the future.

“Without scale, we won’t develop our services sectors. And without services, we miss our opportunity to fill the hole left by traditional manufacturing and decades of slower growth.

That’s why we need 2 million people by 2027.’’

The firm has argued that South Australians have previously hoped for a “silver bullet”, such as a major project to bail out the economy, or placed the full responsibility at the feet of government.

In contrast, Deloitte says a revival needs to be “fuelled mainly by new private sector investment”.

One idea which could grow the population in the right way would be a targeted migration scheme, which “could ... impact those sectors of the South Australian economy where we have a comparative advantage, like energy and gas or tourism’’.

“The reality is that both public and private capital chase where people choose to live,’’ the report says.

“Ensuring our existing jobs continue to be based in Adelaide and that we’re able to attract the best and brightest will be ever more reliant on scale in the future.

“Without scale, we won’t develop our services sectors. And without services, we miss our opportunity to fill the hole left by traditional manufacturing and decades of slower growth.

That’s why we need 2 million people by 2027.’’

Source: http://www.adelaidenow.com.au/busin...tory/7d99f412c21343337b1f814c2aea95db?login=1

 

This is not new and has been the issue with Adelaide for a very long time.
I do not see how they can materially improve pop growth numbers in the next 10 years.
Their won't enough work to go around given their competition, nor do I think they are competitive. Look at forecasts for pop growth in the next 3 decades- by far majority estimated for Mel, sydney, Brisbane, and even Perth.
As the article rightly says.. It's a nice relaxed lifestyle...but when it comes to jobs and careers...
My suggestion would be to not target big companies or such..as I said, pie is too small and competition is too stiff for Adelaide.
They are better off trying to nurture start-ups and entrepreneurs. They have a shot at that market, with a higher likelihood of success.

 

I always think ADL is suitable for attracting retirees to migrate over. Built nice quality low rises at desirable locations such as beach, in the hills, etc and sell them to retirees, get them to migrate over, and built more amenities such as clinics, hospitals, libraries, etc for them. Would increase jobs in construction, infrastructure, health care, public services, etc.

Retirees are the ones that have built up wealth, and would want quality smaller homes. Jobs would not be the main driver for them to consider moving to, so can just start from them, and everything else can follow.

 

DaveM and I migrated to Adelaide from Sydney and Perth respectively. We both earn more here than did in previous cities. And similarly my Mrs (federal public servant) from Canberra.

And i know of countless others. So I'm just not sure where you get your crap from.

Adelaide is already the most competitive place in Australia to do business. There is a cited article on these forums already about that.

 

??? What crap? What have i said that makes you think i bashed ADL? That was just a suggestion. In which sentence have i mentioned about ADL earning less than other cities? Have you quoted the wrong thread?

 

Proof is the pudding and all that..if that were true, we would not be having this discussion nor would there be a big need for the above reports from deloitte etc.

 

I think both places can do well, just depends on your goals, strategy and appetite for risk. I think with 400k there are good opportunities in both states considering their approximate current cycle status. Your own plans/skills should dictate where and what you purchase. There is no quick answer to this question that you can get on a forum imho.

 

That's right. This is what I was trying to say in above posts...both could actually deliver the requirements. Too many variables and difficult to say conclusively on a forum.