Sometimes you need to have it all. Whether it’s a bustling city background, a calm and relaxing environment where you can enjoy yourself and take time out, or maybe even a nice suburb where you can raise your kids and shop in the different malls, South Australia has something for everybody. You can have a nice time living and working in the centermost state, along the lower portion of Australia. It’s a great place to live in, and you won’t be disappointed when you get to see what the state has to offer to you.
The state of South Australia enjoys its origins as a planned state from the very beginning, compared to other states in the country that originally started out as penal colonies, where convict settlements abounded and pretty much paved the way for urbanization and a new start. Now, the state is famous for having a vibrant cultural background and a nice economy supporting it as well.
Geography and Climate
South Australia is placed smack dab in the middle of Australia’s southern end, and sits beside Western Australia on its left and Victoria along with New South Wales on its eastern part. The fourth largest in size, South Australia is just around fifteen thousand square kilometers short of reaching one million square km in land area. Most of the arid portions of the country are located in this state, and South Australia is the fifth largest in terms of population despite its large size. Most of the people in this state reside in Adelaide, the state capital, and the most fertile areas are those in the coastal areas and on the River Murray’s path.
South Australia can be quite hot at times, with January and February reaching temperatures of fifty degrees Celsius on the high end and averaging at twenty-nine degrees Celsius during these months. July is perhaps the coolest time of the year in South Australia, as the average temperature is a low fifteen degrees Celsius. The southeastern part of the state is much cooler than the hot and arid northern portion, and most of the agricultural activities are centered here because of the better suited conditions for agriculture and farming.
South Australia’s Economy
Contributing fifteen percent of the total gross output of the state, the manufacturing sector is one of the biggest industries in South Australia. Different industries have set up their manufacturing plants here, with the automotive industry cranking out almost half of the Australian automobile production at forty-four percent of total volume.
Pharmaceuticals, electronics, and other consumer goods are also being produced in the state. These are not only for domestic consumption, but also for exports, giving ten billion Australian dollars of export revenues each year. Other than that, food and drink production in Southern Australia is also valued at ten billion dollars, quite a lump of change for the state.
The State Capital
Over one million people reside in the south Australian capital of Adelaide. The city ranks as the fifth largest among the cities in the country, and like Victoria, Adelaide was also named after Queen Adelaide.
Adelaide is renowned for its rich cultural background and festivals, but it’s also the state capital of South Australia. Government functions in the state along with financial institutions mostly have their headquarters here in the city. The layout of the city was planned in a grid formation and the city planners also put in some room for public squares and parks in the metropolis. As the first free settlement, Adelaide has a lot of stuff to live up to and it has done wonderfully even in present times. Over seventy percent of the entire population of the state of South Australia live in the city, and the religious backgrounds of the people here has over half identifying themselves as Christian. The birth rate of the city population is in decline, and now over one fourth of the population are aged fifty-five and above. Correspondingly, the state also has the least children of any Australian city at less than eighteen percent compared to twenty for the national average.
Investing in South Australian Properties
Most of the investors in South Australian properties are British, seeking to find a better retirement home with a warmer climate than if they were to buy properties in their homeland. South Australia is also among the states in the country that is currently experiencing high growth rates, alongside both Victoria and New South Wales. South Australia also now has the lowest average mortgage size among the six states at two hundred thirty thousand dollars for a property, compared to three hundred and sixty thousand for New South Wales. To the keen investor, this represents a good opportunity to strike a good deal with landowners in the state for properties that offer high growth potential and low prices.
The stable economic growth and political background in South Australia, like the rest of the country, is one of the best starting points you can look out for in locations where you can put your investments with. The biggest investments are yet to come into the region, with twelve billion dollars set to be invested in southern Australia over the next few years, and this is sure to make the real estate market appreciate greatly in price as territory becomes more valuable.
The infrastructure development also ushers in new growth for the real estate market in Australia. You’ll be likely to find commercial and residential properties shifting constantly in price along with the market, as more and more international investments come into the state each year. For you the investor now is the perfect time to put your money in with property developments in South Australia while the prices are relatively cheap and you can see tangible property growth even in this stage, a sure sign of a healthy investment. South Australian properties provide some of the best blends of growth and stability seen anywhere in the world, leading to a more lucrative investment opportunity.