Join Australia's most dynamic and respected property investment community

Chinese to contribute $450mil to SA econ by 2020

Discussion in 'General Property Chat' started by D.T., 5th Sep, 2016.

  1. D.T.

    D.T. Adelaide Property Manager Business Member

    Joined:
    13th Jun, 2015
    Posts:
    5,578
    Location:
    Adelaide, SA
  2. hash_investor

    hash_investor Well-Known Member

    Joined:
    11th Oct, 2015
    Posts:
    912
    Location:
    Sydney / Canberra
    Ggood news (ir)regardless. But spread that amount over 5 years and its not significant enough to make a diff me thinks
     
  3. Johnny Cashflow

    Johnny Cashflow Well-Known Member

    Joined:
    29th Jun, 2015
    Posts:
    731
    Location:
    SA
  4. Yson

    Yson Well-Known Member

    Joined:
    4th Jan, 2016
    Posts:
    127
    Location:
    Sydney
    But what are the attractions from SA, apart from winery?
     
  5. Corey Batt

    Corey Batt Finance Strategist Business Plus Member

    Joined:
    14th Jun, 2015
    Posts:
    1,167
    Location:
    Adelaide, SA
    The article goes through it. ;)

    The food and environment definitely bring a lot of tourism potential - and already does. Every other day whilst driving to work I see the buses of tourists heading off the Hahndorf or the summit walks. Likewise being the gateway to the outback makes Adelaide an active starting point. I don't see Adelaide/SA ever trying to cater to the Gold Coast type demographic, but it does have a sustainable long term potential to drive tourism demand.
     
    Nemo30 and Jess Peletier like this.
  6. Scott No Mates

    Scott No Mates Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    5,554
    Location:
    Sydney or NSW or Australia
    Tuna?
    Bank vaults & barrels?
    Cheap properties?
     
    Corkey and Tranquilo like this.
  7. Corey Batt

    Corey Batt Finance Strategist Business Plus Member

    Joined:
    14th Jun, 2015
    Posts:
    1,167
    Location:
    Adelaide, SA
    Sharks, nuclear test sites, barely drinkable water.

    Truly a majestic place.
     
  8. Jess Peletier

    Jess Peletier Mortgage Broker - Australia Wide Business Member

    Joined:
    18th Jun, 2015
    Posts:
    2,764
    Location:
    Perth WA
    Hahndorf....mmm. Makes up for everything else. ;)
     
    Corey Batt, D.T. and Dan Donoghue like this.
  9. Dan Donoghue

    Dan Donoghue Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    628
    Location:
    Sydney, NSW
    Beat me to it :)
     
    Corey Batt and Jess Peletier like this.
  10. DaveM

    DaveM Adelaide Buyers Agent & KFC Strategist Business Member

    Joined:
    14th Jun, 2015
    Posts:
    2,099
    Location:
    Sydney & Adelaide
    Its ok the SA govt are efficient and will spend $449 million on trade shows and fact finding missions to secure that $450m
     
    JacM, Bentley, marty998 and 2 others like this.
  11. ATANG

    ATANG Well-Known Member

    Joined:
    5th Jul, 2015
    Posts:
    176
    Location:
    SA
    SA needs more modern infrastructure built in order to compete with the eastern states. I am Chinese background and have stayed in ADL for more than 15 years, have had soooo many friends, relatives coming from overseas and I tried my best to accommodate them but one common thing they commented about ADL is.... why is the city such a ghost town. It's just a city that they wouldn't come unless there is a reason, for example visiting relatives, attending graduation, etc.

    Asian visitors want buzzling city! They could go on a tour to Kangaroo Island and spend a few days there but when they get back to CBD, they would prefer nice buzzling laneways, restaurants that open really late and fancy shopping malls and man made attractions in the city, not a ghost town that has more birds than human.

    ADL doesn't require tall buildings to compete with eastern cities, all it need is some clever activation of the city and infrastructure investment such as city tram loops, easier transport to beaches, Hahndorf, etc and more man made attractions that intergrade well with the natural parklands, such as condolla cable car, ferry that connects KI, etc....

    I love ADL, but it's the effectiveness of the government and the attitude of a lot of anti development folks that pull me off sometimes.
     
    george costanza and vbplease like this.
  12. kamchatsky

    kamchatsky Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    483
    Location:
    Sydney Northwest
    Cities that are buzzing with life require large population to support this. Both Melbourne and Sydney has more than 4 million people.

    With 1.2 million people only, you cannot expect the city to be like major Asian cities. Likewise, Brisbane and Perth CBDs are not buzzing with life either.
     
  13. DaveM

    DaveM Adelaide Buyers Agent & KFC Strategist Business Member

    Joined:
    14th Jun, 2015
    Posts:
    2,099
    Location:
    Sydney & Adelaide
    People go to Adelaide because they want to get away from crowded bustling busy streets and cities and traffic, not get more of it
     
  14. ATANG

    ATANG Well-Known Member

    Joined:
    5th Jul, 2015
    Posts:
    176
    Location:
    SA
    Yes that's true for aussies but not majority of Asian. If you want to attract Asian money, you need to understand what they want, not what you want.
     
    george costanza likes this.
  15. Brady

    Brady Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    452
    Location:
    Adelaide, SA
    Adelaide has a lot more of the laneway bars these days - when was the last time you went out. Potentially a few that you didn't know about - head down Peel St
    Your Guide to Adelaide's Laneways
    http://www.adelaidenow.com.au/news/...s/news-story/1c9e8cc05aa8e3a3b778ef41f7f35d3c

    Already have a tram from Adelaide CBD to Glenelg

    The Govt. was in talks with a developer for the KI Ferry from Glenelg - the developer pulled out
    Developer pours water on Kangaroo Island ferry pitch


    Get your friends to come over when RCC is on - that's when there is the biggest buzz in the CBD. Or Fringe time (usually the same time)
    Adelaide - Royal Croquet Club - Summer 2015 / 2016
     
  16. Corey Batt

    Corey Batt Finance Strategist Business Plus Member

    Joined:
    14th Jun, 2015
    Posts:
    1,167
    Location:
    Adelaide, SA
    I think DaveM is inferring that most people in Adelaide would prefer to not have that additional revenue if it protects their standard of living and quality of life. ;)
     
  17. Traveller99

    Traveller99 Active Member

    Joined:
    22nd Jun, 2015
    Posts:
    26
    Location:
    On the road!
    Any and all money that is invested from China in Australia and anywhere else comes with political back rubs and expected clout. This is endemic in most politics, but a deeply ingrained element of Chinese business and culture.
     
  18. JDP1

    JDP1 Well-Known Member

    Joined:
    20th Jun, 2015
    Posts:
    2,839
    Location:
    Brisbane
    Brisbane CBD is has a buzz much more than what it used to have. ofcourse not Sydney's buzz....however.. Remember that as little as 5-7 years ago, the bn CBD had nutin but tumbleweed... Now there is a good amount of people and the buzz is increasing. With more development in the CBD will attract more people and more buzz.
     
  19. WattleIdo

    WattleIdo renovating Premium Member

    Joined:
    18th Jun, 2015
    Posts:
    1,810
    Location:
    Central West NSW
    Wasn't that long ago Sydney was tumble weeds too.
     
  20. Flog

    Flog Member

    Joined:
    9th Jul, 2016
    Posts:
    6
    Location:
    South Australia
    From a high level point of view, what general effects can we expect from "increased" levels of tourism? I would have thought the majority of visitors would live in much more short term type accommodation venues such as hotels.