South Australia’s competitive business environment and attractive investment ecosystem was showcased at one of the first property investment round tables being held in Adelaide, in partnership with the Property Council of Australia and Invest SA.
More than 25 property fund investors, including Morgan Stanley and other multinational investment firms, converged on the newly constructed 60 King William Street which boasts 40,000sqm of modern office space and 4,000sqm of retail space, to hear about some of South Australia’s biggest infrastructure projects direct from company Chief Executives.
The state continues to punch above its weight, with its economic performance the best in the nation according to the ANZ Stateometer Report for the quarter (released September 2023), an increase in population, rising business confidence and an influx of capital.
South Australia is ranked number one ahead of other states by the Business Council of Australia as having a competitive business tax and planning regime, no stamp duty on commercial property transactions and the lowest payroll tax rate for large employers.
With significant investment in defence, through the AUKUS alliance, hydrogen and plans to create a new university, property investment will be a key component of growth for South Australia, with a rising need for innovative commercial spaces, new residential developments that include affordable housing and student accommodation.
The Property Council of Australia brings together industry across design and construction, asset investment, management and development to demonstrate the sector’s importance to the economy and society.
“South Australia has a unique and compelling story to tell as an investment destination and has recently received recognition for having the most competitive tax and planning environment,” said Bruce Djite, SA Executive Director at The Property Council.
“The Property Council is proud to work in partnership with Invest SA to meet potential investors, tell our story and play our part in attracting more capital to South Australia.”
The Round Table is the first in a proposed series of events to promote the state’s growing commercial investment opportunities.