Confidence brings new Investment
The automotive industry might be capturing the headlines but if you dig a bit deeper the underlying trend shows increased confidence in the Northern Adelaide Region with new investment planned.Behind the interactive investment resource of investnorthernadelaide.com.au the economic development team has on the ground insights to help you with all things of doing business in northern Adelaide from site selection to the major projects which can feed your business.
Figures present a strong and exciting future
Development approvals have increased almost 14 per cent in the northern cities of Salisbury, Playford and Tea Tree Gully combined in the past financial year with residential and non-residential housing contributing $527.6 million in 2013/14, up $69.9 million on the previous year.
Combining this with South Australia’s most rapidly growing population and over $4.48 billion of several housing and urban development projects planned or underway, northern Adelaide has strong building investment fundamentals to continue to flourish into the future.
Did you know:
- MORE YOUNG – The Cities of Salisbury and Playford respective medium age is 4 and 7 years younger than Greater Adelaide.
- LESS OLD – 28% of Playford’s population is aged under the age of 17 and only 16% of our community is over 60 years old.
- HIGHER INCOMES – The City of Tea Tree Gully has a higher proportion of households earning $2,000 or more compared to the rest of South Australia.
- NEW ARRIVALS – Salisbury in recent years has been home to the greatest number of humanitarian refugees than any other council in South Australia, which adds to above average settlement of new migrants.
Building a healthy network in the north
The northern suburbs continues to attract investment in health facilities and increased employment in the industry. Major redevelopments continue to occur across the Northern Adelaide Local Health Network (NALHN).
By 2016 NALHN, which includes the Lyell McEwin Hospital (LMH) and the Modbury Hospital, is expected to service almost half a million South Australians and currently employs more than 4,000 staff who provide high-quality patient care services, education and research. The LMH is a 396-bed specialist referral public teaching hospital which has links to the University of Adelaide, University of South Australia and Flinders University. LMH provides a full range of high-quality medical, surgical, diagnostic, emergency and support services. The master plan undertaken around the LMH investigated the range of activities that could be potentially supported or involved in the growth of the precinct and suggested that between 30,000- 40,000 square metres of additional floor area with between $75-$100 million value is achievable within the next 10 -15 years. The master plan provides options for the expansion of the hospital beyond the current site and provides for allied health and supporting activities.
The Region is seeing increased private investment for GP, associated medical services and aged care facilitiesBack