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Why invest in Adelaide?
Adelaide has been named the most competitive city to do business in the Asia Pacific by global services company KPMG. Our city has consistently offered investors stable and low-risk investment opportunities in one of the world’s most liveable cities. Today, Adelaide is leading the way in capitalising on future industries and technologies within a rapidly changing global economy. The city of Adelaide welcomes like-minded companies focused on using innovation to support growth. We are well and truly open for business.
There has been a period of unprecedented development in Adelaide in recent years led by several major private and public capital projects, infrastructure upgrades and public transport improvements. The Adelaide Festival Plaza, Adelaide Oval, Adelaide Casino and Adelaide Convention Centre are all part of a renewed Riverbank precinct, attracting millions of visitors each year.
Further economic drivers for the city include:
- AUD$3.6 billion of existing and planned CBD infrastructure developments
- Ten Gigabit Adelaide, a revolutionary affordable high-speed fibre optic network offering 10Gbps synchronised data speeds
- AUD$3.6 billion Adelaide BioMed City, one of the Southern Hemisphere’s largest health and life sciences clusters
- AUD$90 billion of defence projects in the pipeline over the next 20 years, the largest share of Australia’s total country defence material spend
A city in a park
Consistently recognised as one of the top 10 most liveable cities in the world, as ranked by The Economist in 2018 based on categories such as stability, healthcare, culture and environment, education and infrastructure.
Adelaide is thoughtfully designed, with wide streets, terraces and public squares set in a simple grid layout, enveloped by 760 hectares of Park Lands – making us the world’s only ‘city in a park’. Adelaide enjoys an ease of accessibility unseen in most cities and offers one of the shortest work commute times in the nation. The city is well serviced by an extensive public transport system which is among the world’s best for shortest wait times plus a plentiful bike lanes which eases traffic congestion.
It enjoys a Mediterranean-like climate, with warm, dry summers and cool winters. It averages highs of 25-35°C in summer and the mercury rarely drops below 10°C in winter.
Adelaide has one of the the lowest residential property prices of all Australian mainland capital cities, with a median cost of $427,000 – more than half the average cost of houses than the most expensive capital city. CoreLogic 2019
South Australia’s economic strengths in health sciences, agriculture, research and education, manufacturing and technology are now the foundation of future-focused industries vital to the global economy.
University and commercially-based research and development in Adelaide has led international change in the biotechnology, agriculture, winemaking, animal science and information technology fields. These close links have been formed by a strong research ethos in the public and private sectors.
There are also many private specialist training institutions working with industry to meet future workforce needs.
South Australia offers a range of competitive advantages over other states, providing a business landscape that allows companies and investment to prosper.
Private sector labour costs in South Australia are 10.8 per cent below the Australian average, creating optimum conditions for workforce expansion. The Adelaide market continues to be one of the most cost-competitive city centre markets nationally for establishing a business, with office space leasing 60 per cent more affordable in comparison to Sydney.
South Australia has a range of office space and industrial land available within or close to the city centre at rates lower than other mainland Australian states. With a well-planned supply of affordable industrial land linked to strategic infrastructure and transport corridors, the cost of doing business in Adelaide is highly cost effective.
Adelaide’s central location provides the ideal gateway both into Australia and out to Asian markets and beyond through modern air, sea and rail freight channels. Our international airport is only six kilometres or 15 minutes by taxi from the city centre.