30-Year Plan for Greater Adelaide
The peak body for the state’s biggest industry has welcomed the release of the draft 30-Year Plan for Greater Adelaide 2016 update.
SA Executive Director of the Property Council Daniel Gannon said the policy themes identified in the update reflect the priorities of the sector, but much detail is yet to come.
“South Australia’s biggest challenge is one of demand and growing our state’s economy,” he said.
“The property sector wants to see infill opportunities fully realised, which means we’ll need cooperation from Councils and a speedy implementation of planning reforms.
“Without this, the new target of 85% cannot be fully realised and will become redundant.
“It’s disappointing to see that our state’s population growth targets have been revised down.
“There needs to be a concerted effort to reverse this trend, particularly noting that we are not only suffering from lower international migration figures, but also young South Australians continue to move interstate for opportunities.
“We need the State Government to be lobbying the Federal Government – particularly with the recent changes to the Senate – to reinstate South Australia’s regional status for migration.
“We are in a national and global competition for talent, which is why our population needs to be stronger and our job offerings to therefore be more abundant.
“That means sustainably increasing our population growth rate, providing young people with employment opportunities and more reasons to grow their businesses and families in South Australia.”
Property is South Australia’s largest private sector employer and biggest industry, accounting for 10.8% of the state’s economic activity (or $10.5 billion).
It builds prosperity by paying $4.4 billion in wages and salaries – one in six people draw their wage directly or indirectly from property – and one million South Australians have a stake in property through their super funds.
Property is the largest single industry contributor paying 56.6% of state taxes, local government rates, fees and charges.
Media contact: Daniel Gannon | E: [email protected]