Adelaide is preparing to add a succession of major development projects to her rapidly rising horizon.
Australia’s fifth-largest city was recently boosted by infrastructure spending of $ 17.9 billion with 130 active job sites across the city.
As Adelaide’s infrastructure backlog has finally started to shift, South Australia’s capital is still grappling with stagnant tourism.
The economy of the tourism-dependent city had thrived in the years leading up to the pandemic, with rent growth in the commercial sector also rising steadily in newly completed projects.
The state government is trying to attract more interstate migrants and bring former South Australians home by selling the lifestyle benefits, falling house prices and the availability of jobs. high technology in the space, defense and hydrogen industries.
It uses a rebaded $ 200 million Jobs and Economic Growth Fund to target industries such as space, hydrogen, plant-based foods and defense with business development funding.
Significant residential master plans and commercial areas have added to the city’s burgeoning development pipeline, with strong population growth prior to Covid-19, unlocking development opportunities.
From a new $ 1.95 billion hospital to the state’s first five-star hotel in 30 years, the city is poised for big development and growth.