A global city, with local benefits

photo-icon Hayden Lihou

The promising economic outlook saw South Australia lead the nation with the highest property confidence throughout 2018, with no signs of subsiding. Adelaide enjoys one of the lowest residential property prices among Australian mainland capitals, while South Australia was the only State to record an increase in the expected rate of house price growth for 2019. Residents also enjoy strong consumer confidence, with South Australia leading the nation across several retail sectors in 2018 including clothing sales, restaurant sales and food retailing.

Adelaide’s reputation as an epicentre for commerce and innovation has cultivated a thriving local economy. South Australia’s expertise in market intelligence and its competitive business landscape has seen the growth of expansive employment opportunities in exciting sectors including technology, health, education, gaming, visual effects, hospitality and the defence and space industries.

Find out more about the city economy at Invest Adelaide.

Health sciences

Adelaide’s $3.6 billion BioMed City is one of the largest life-sciences clusters in the Southern Hemisphere. BioMed City comprises the Royal Adelaide Hospital, the South Australian Health and Medical Research Institute (SAHMRI), the soon to be built Flinders University’s John Chalmers Centre for Transforming Healthcare (SAHMRI 2), the University of Adelaide Health and Medical Sciences Building and the University of South Australia Cancer Research Institute. SAHMRI (South Australian Health and Medical Research Institute) alone encompasses a community of more than 700 medical researchers and 300 partners who deliver world-class research programs to undertake society’s biggest health challenges.

Find out more about the expansive opportunities in health sciences from Yvette Van Eenennaam, general manager of Adelaide BioMed City, and Jaan, cardiologist and scientist at SAHMRI and the University of Adelaide.

Video courtesy of Committee for Adelaide.

Technology and innovation

Lot Fourteen, located in the heart of Adelaide CBD, is Australia’s first innovation neighbourhood and will eventually span seven hectares. The state-of-the-art facility and diverse range of zones has drawn a host of emerging industries, including defence, space, artificial intelligence, data analytics and cyber-security.

Lot Fourteen is home to the Future Industries eXchange for Entrepreneurship (FIXE), which facilitates connectivity between startups and key partners through the FIXE Network, launch a 650 seat Startup Hub, establish programs such as the Australia Cyber Collaboration Centre, and actively support early-stage investments through angel investor groups.

Stone & Chalk, who launched Australia’s first dedicated Fintech hub in Sydney in 2015, operates Lot Fourteen’s Startup Hub. The Hub gives entrepreneurs the resources and community they need to scale and commercialise ideas through professional development, innovation programs, talent initiatives, investor engagement and thought leadership activities.

Meet Herve Astier, CEO of Neumann Space, a start-up situated in Lot Fourteen. Herve and his family moved to Adelaide in 2013 to capitalise on Adelaide's growing space sector after living in Belgium and the United States.

Video courtesy of Committee for Adelaide.

Creative industries

The city has a growing Visual Effects (VFX) ecosystem. Global giant, Technicolor, established its first Southern Hemisphere VFX centre in Adelaide. Operating under Mill Film, the $26 million studio, has 300 employees and aims to expand to 500 within the next five years. The company is expected to inject $250 million into the local economy over the next decade.

Local companies, Rising Sun Pictures and Kojo, have taken Hollywood by storm and count award-winning blockbusters such as Harry Potter and the Deathly Hallows, Spider Man and Hotel Mumbai among their reels.

Foxie Games, Team Cherry and Mighty Kingdom are setting new standards in what is possible in gaming. Mighty Kingdom has captured the imaginations of international markets through games developed for entertainment giants such as Lego, Disney and Shopkins. The creations of the company boast over seven million players per month while Team Cherry’s game Hollow Knight claimed 2nd place for Best Indie Game in the Best Original Game category at the 2017 Global Game Awards.