South Australia’s Economic Indicators · 2017-06-14 · P 2 SOUTH AUSTRALIA’S ECONOMIC...

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South Australia’s Economic Indicators

SOUTH AUSTRALIA’S ECONOMIC PERFORMANCEP 2

South Australia has a highly-skilled workforce.

SOUTH AUSTRALIA’S ECONOMIC PERFORMANCE


Contents

Contents 1

South Australia: at a glance 2

Economic priorities 4

Output and income 6

Labour market 15

Population 20

Prices 22

Retail sales 26

Housing market 28

Construction 31

Business 32

Tourism 35


South Australia: at a glance

Average winter temperatures (June - August), Adelaide - Max 15.9°C, Min 8°C.

Average spring temperatures (September - November), Adelaide - Max 21.7°C, Min 11.6°C.

Average summer temperatures (December - February), Adelaide - Max 28.3°C, Min 16.5°C, but daily temperatures can get as high as 45°C.

Average autumn temperatures (March - May), Adelaide - Max 22.4°C, Min 12.5°C.

Area: 984,377 square kilometres

Population: 1.685 million (June 2014)

Capital city: Adelaide, population 1.29 million

Cultural diversity: While English is the principal language, the state’s population is made up of over 200 ethnic communities

Currency: Australian Dollar

Time zone (summer): UTC + 10.30

Annual rainfall: SA’s average - 206mm (8.1 in)

Key facts

Climate of Adelaide:

Adelaide Festival in Elder Park


WESTERN AUSTRALIA

NORTHERNTERRITORY

SOUTH AUSTRALIA

ADELAIDE

QUEENSLAND

NEW SOUTH WALES

AUSTRALIANCAPITAL

TERRITORY

TASMANIA

VICTORIA

HOBART

MELBOURNE

SYDNEY

CANBERRA

BRISBANE

DARWIN

PERTH

1 hour, 15 minutes

3 hours

3 hours, 35 minutes

2 hours, 15 minutes

1 hour, 50 minutes

1 hour, 40 minutes

South Australia’s Economic Indicators report provides a brief overview on the performance of the South Australian economy, covering important economic indicators such as employment, export of goods, retail

sales, price movements, business investment and population. This report also compares the performance of the national economy on a range of global indicators where appropriate.

Purpose of this document

Map is illustrative only and not drawn to scale.

Domestic flying times from Adelaide


Unlocking the full potential of South Australia’s resources, energy and renewable assets

South Australia has abundant resources, quality geoscience initiatives, and a respected regulatory framework. To optimise the benefit of our abundant resources, we will continue to support exploration and development, and leverage the activity generated by mining and energy into new intellectual property, jobs and global business opportunities for mining services companies. We will also continue to protect the natural environment, ensure that there is a shared approach to land access, and make efficient use of water and energy.

Premium food and wine produced in our clean environment and exported to the world

The growing world demand for high quality food and wine, combined with our strong reputation for food safety, biosecurity and product integrity, creates significant opportunities for South Australia. Our iconic food and beverage products cement our international reputation as a quality food producer. We need to maximise the production of value added and differentiated food, with a focus on Asia. Centres of excellence in food and agricultural research and production will help us export our ideas, intellectual capital, products and services.

A globally recognised leader in health research, ageing and related services and products

“South Australia is well placed to develop innovative solutions for successful ageing, ensuring well-being and productivity across the life course for our citizens, and can create world leading businesses around this market.

The South Australian Health and Biomedical Precinct will be one of the largest health precincts in the southern hemisphere and add to the state’s reputation for health and biomedical research and innovation.

We will optimise the research, teaching, training and clinical services in South Australia to accelerate the development and delivery of world-class healthcare and ageing products and services, leading to the development of new industries.”

The Knowledge State – attracting a diverse student body and commercialising our research

Collaboration and co-investment between global and local industry and our research institutions will drive the development of South Australia as a place of knowledge creation and innovation, particularly in areas of excellence such as mining, resources, and defence. Appropriate infrastructure, facilities and research centres, and a reputation for knowledge sharing and collaboration will facilitate the commercialisation for research outcomes for the benefit of the state. Alongside our own, we will attract an increasing number of students from around the world to undertake science, technology, engineering or maths studies in South Australia, and in turn sustain a rich pool of talented people.

Economic priorities

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3

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Premier Jay Weatherill’s vision for South Australia is a place where people and businesses thrive.

The vision is about protecting our way of life and opening the door to new ideas, new opportunities, new people and new businesses. It is about taking bold actions and seizing opportunities and finding new ways of doing things.

To achieve this vision, the State Government has identified ten economic priority areas that will ensure that South Australia is well placed to thrive in a modern, global economy.

The first five priorities highlight five sectors. The second five are priorities that enable and facilitate economic development across all parts of our economy.


South Australia - a growing destination choice for international and domestic travellers

South Australia has a unique and compelling landscape and story to tell. South Australia’s tourism industries employ more than 30,000 people in a range of different jobs and throughout the regions, with an economic benefit of some $5.2 billion. We need to ensure that visitors to our state are able to access the state easily and that once they arrive, the infrastructure and local service offerings exceed their expectations.

Growth through innovation

The transformation of the South Australian economy will be built upon our ability to adopt new ways of doing things, and use advanced technologies to build globally competitive high value firms. An environment of innovation has the infrastructure, finance, information, institutions and people with skills and connections to support companies taking risks and reaping the rewards of business change. Complex manufacturing and engineering projects in defence, mining, resources and other sectors will sustain an ecosystem of creative, innovative and nimble firms.

South Australia - the best place to do business

South Australia offers many advantages as a place to do business - access to a skilled workforce, high quality infrastructure, available and affordable land, and a supportive government. The government is working to remove barriers to business growth, accelerate the approval processes, and ensure that our regulations support opportunity rather than create burdens. Government agencies must have a strong customer service focus and can-do attitude. We are committed to collaborating with both business and the community to implement further planning reform, fix our workers compensation system to get people back to work as quickly as possible, and reform our taxation system to support growth in jobs and prosperity for all.

Adelaide, the heart of the vibrant state

The city is the gateway to South Australia’s diverse regions and our arts, festivals, fine foods and wine. It has an advanced economy, world-class universities and a flourishing multicultural heritage. As the state’s capital, it is essential that Adelaide competes nationally and internationally for people and investment and that it thrives as the cultural, economic and social centre of the state. We are creating an environment to encourage new investors, residents and visitors.

Promoting South Australia’s international connections and engagement

South Australia’s prosperity depends on our international connections, alliances and exports. We attract foreign direct investment that connects us with overseas markets, capital and know-how. We need to continue to build on our proud history of multiculturalism to attract people to our state with new ideas, entrepreneurship, cultural connections and capital.

South Australia’s small businesses have access to capital and global markets

With more than 140,000 businesses in South Australia employing less than 20 people, the growth, diversity and resilience of the State’s economy depends on small businesses thriving. Small businesses are the most effective engine for job creation. We will continue to accelerate the growth and transition of the State’s small businesses towards niche, globally competitive opportunities. Government and small business in collaboration with banks and market researchers are identifying local and international opportunities, accessing domestic and international markets and securing capital to accelerate business growth and employment across South Australia.

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Output and income

Gross State Product (GSP) / Gross Domestic Product (GDP)

Source: ABS Cat No 5220.0

Source: ABS Cat No 5220.0, SA and Commonwealth Treasuries

0

1

2

3

4

2010-11 2011-12 2012-13 2013-14 2014-15 (f)

South Australia GSP

Australia GDP

Per

cen

t (%

), f =

fore

cast

GSP chain volume Value ($ billion)

2008-09 2009-10 2010-11 2011-12 2012-13 2013-14

South Australia GSP 88.6 89.6 91.8 93.2 94.0 95.2

Australia GDP 1,371.0 1,397.9 1,430.4 1,483.7 1,520.9 1,559.7

GSP annual growth rate Per cent (%), f = forecast

Average 1989-90 to

2009-10

2010-11 2011-12 2012-13 2013-14 2014-15 (f)

South Australia GSP 2.5 2.4 1.5 0.9 1.3 2.0

Australia GDP 3.2 2.3 3.7 2.5 2.5 2.5


State GSP Comparison

State Final Demand (SFD)



State GSP chain volume Value ($ billion)

2010-11 2011-12 2012-13 2013-14 2013-14 Growth rate

(%)

2013-14 State Cont. to GDP (%)

NSW 457.8 469.4 477.7 487.6 2.1 31.3

VIC 322.4 331.2 338.2 343.8 1.7 22.0

QLD 267.2 279.8 288.4 295.1 2.3 18.9

SA 91.8 93.2 94.0 95.2 1.3 6.1

WA 215.7 232.2 242.8 256.2 5.5 16.4

TAS 24.5 24.7 24.6 24.9 1.2 1.6

NT 18.3 19.1 19.9 21.2 6.5 1.4

ACT 33.5 34.5 35.3 35.6 0.7 2.3

Australia GDP 1,430.4 1,483.7 1,520.9 1,559.7 2.5

Chain volume measures, trend Value ($ million)

Sep-13 Sep-14 Annual % Change

Final Consumption Expenditure 18,845 19,079 1.2

General government 4,803 4,853 1.0

Households 14,042 14,226 1.3

Gross fixed capital information 5,488 5,513 0.5

Private 4,313 4,477 3.8

Public 1,175 1,036 -11.8

State Final Demand 24,331 24,582 1.0

NSW ($487.6 billion)

VIC ($343.8 billion)QLD ($295.1 billion)

SA ($95.2 billion)

WA ($256.2 billion)

TAS ($24.9 billion)NT ($21.2 billion)

2013-14Value ($ billion)

ACT ($35.6 billion)


International Trade

Value ($ million) 12 mths to Dec 2013 12 mths to Dec 2014 Annual % Change

Merchandise exports 11,643 11,925 2.4

Merchandise imports 7,508 7,960 6.0


Gross state product per capita


Chain volume measures Value ($)

2009-10 2010-11 2011-12 2012-13 2013-14

NSW 62,939 63,761 64,635 64,932 65,320

VIC 58,422 58,657 59,329 59,531 59,394

QLD 60,520 60,222 61,930 62,570 62,954

SA 55,381 56,244 56,566 56,555 56,761

WA 90,981 93,012 97,074 97,939 100,455

TAS 48,328 48,069 48,190 48,023 48,453

NT 78,920 79,533 82,018 83,216 87,187

ACT 90,813 91,893 92,987 93,492 92,615

Australia 63,940 64,519 65,891 66,366 66,907

-1

0

1

2

3

4

5

2010-11 2011-12 2012-13 2013-14

Mov

emen

t, p

er c

ent (

%)

ACT

NT

TAS

WA

SA

QLD

VIC

NSW

Australia


International merchandise trade: destinations/sources

Merchandise exports Value ($ million)

2011-12 % share 2012-13 % share 2013-14 % share

World 11,425 10,737 12,362

China 2,241 19.6 2,213 20.6 3,362 27.2

United States of America 1,023 9.0 1,016 9.5 1,358 11.0

India 766 6.7 686 6.4 708 5.7

Malaysia 762 6.7 594 5.5 673 5.4

Japan 692 6.1 624 5.8 618 5.0

New Zealand 395 3.5 409 3.8 472 3.8

United Kingdom 383 3.4 420 3.9 468 3.8

Indonesia 603 5.3 501 4.7 433 3.5

Viet Nam 361 3.2 334 3.1 397 3.2

Hong Kong 282 2.5 237 2.2 286 2.3

South Korea 304 2.7 225 2.1 274 2.2

Canada 293 2.6 383 3.6 271 2.2

Saudi Arabia 310 2.7 356 3.3 245 2.0

Thailand 323 2.8 262 2.4 198 1.6

Switzerland 20 0.2 105 1.0 187 1.5

Iraq 50 0.4 154 1.4 160 1.3

Singapore 121 1.1 109 1.0 141 1.1

Egypt 187 1.6 135 1.3 127 1.0

Taiwan 160 1.4 109 1.0 116 0.9

United Arab Emirates 178 1.6 169 1.6 113 0.9

Netherlands 150 1.3 122 1.1 96 0.8

Germany 113 1.0 47 0.4 95 0.8

Belgium 246 2.2 155 1.4 95 0.8

Source: ABS International merchandise trade (data available on request)

China (27.2%)

United States of America (11.0%)

India (5.7%)

Hong Kong (2.3%)

Other (29.1%)

2013-14Per cent (%) share

Malaysia (5.4%)New Zealand (3.8%)

United Kingdom (3.8%)

Japan (5.0%)

Vietnam (3.2%)

Indonesia (3.5%)


Merchandise imports Value ($ million)

2011-12 % share 2012-13 % share 2013-14 % share

World 7,262 7,059 8,231

China 1,269 17.5 1,217 17.2 1,467 17.8

United States of America 804 11.1 801 11.3 954 11.6

Singapore 805 11.1 758 10.7 948 11.5

Japan 763 10.5 599 8.5 594 7.2

Thailand 394 5.4 527 7.5 560 6.8

South Korea 483 6.7 482 6.8 495 6.0

Germany 258 3.5 277 3.9 298 3.6

Spain 50 0.7 54 0.8 257 3.1

Denmark 43 0.6 27 0.4 248 3.0

United Kingdom 162 2.2 191 2.7 214 2.6

France 237 3.3 167 2.4 214 2.6

Mexico 288 4.0 225 3.2 177 2.2

New Zealand 147 2.0 143 2.0 170 2.1

Italy 146 2.0 136 1.9 164 2.0

Malaysia 125 1.7 136 1.9 156 1.9

Taiwan 117 1.6 108 1.5 120 1.5

India 89 1.2 114 1.6 101 1.2

Indonesia 120 1.6 100 1.4 97 1.2

Canada 97 1.3 99 1.4 84 1.0

Viet Nam 38 0.5 40 0.6 68 0.8

Qatar 33 0.5 54 0.8 51 0.6

Sweden 59 0.8 56 0.8 46 0.6

Saudi Arabia 16 0.2 21 0.3 40 0.5

Argentina 28 0.4 50 0.7 40 0.5

Netherlands 38 0.5 37 0.5 37 0.5

China (17.8%)

United States of America (11.6%)

Singapore (11.5%)

Japan (7.2%)Thailand (6.8%)

South Korea (6.0%)

Spain (3.1%)

United Kingdom (2.6%)

2013-14Per cent (%) share

Germany (3.6%)

Denmark (3.0%)

Other (26.8%)

Source: ABS International merchandise trade (data available on request)


Private business investment


Value ($ million) 2010-11 2011-12 2012-13 2013-14 Prev Year % Change

South Australian new business investment

11,538 12,492 12,526 12,354 -1.4

5,000

6,000

7,000

8,000

9,000

10,000

11,000

12,000

13,000

2010-11 2011-12 2012-13 2013-14

South Australian new business investment

Val

ue

($ m

illio

n)


Private new capital expenditure

Chain volume measures, trend Value ($ million)


Actual total expenditure 1,436 1,588 10.6

Buildings and structures 772 920 19.2

Equipment, plant and machinery 664 674 1.5


Gross household income per capita


Current prices Value ($)

2009-10 2010-11 2011-12 2012-13 2013-14

NSW 51,642 55,224 58,061 58,181 59,991

VIC 47,669 51,145 53,382 53,731 53,586

QLD 50,726 52,881 54,860 55,384 56,293

SA 47,923 50,256 51,549 52,660 54,016

WA 56,272 60,972 66,269 68,228 69,850

TAS 44,522 46,416 47,645 47,747 48,730

NT 55,261 57,359 60,383 62,343 67,619

ACT 86,521 94,188 101,076 104,154 100,628

Australia 51,122 54,440 57,150 57,771 58,807

-4

-2

0

2

4

6

8

10

2010-11 2011-12 2012-13 2013-14

Mov

emen

t, p

er c

ent (

%)

ACT

NT

TAS

WA

SA

QLD

VIC

NSW

Australia


Industry sector value added

Chain volume Value ($ million)

South Australia Australia

2012-13 2013-14 % Change Cont. to GDP (%)

2013-14 Cont. to GDP (%)

Agriculture, forestry and fishing 4,536 5,252 15.8 5.5 35,606 2.3

Mining 3,264 3,304 1.2 3.5 128,138 8.2

Manufacturing 7,369 7,206 -2.2 7.6 99,700 6.4

Electricity, gas, water and waste services 3,947 3,734 -5.4 3.9 42,587 2.7

Construction 6,274 6,293 0.3 6.6 124,409 8.0

Wholesale trade 3,926 3,956 0.8 4.2 61,236 3.9

Retail trade 4,528 4,547 0.4 4.8 70,358 4.5

Accommodation and food services 2,270 2,246 -1.0 2.4 35,851 2.3

Transport, postal and warehousing 4,209 4,087 -2.9 4.3 73,820 4.7

Information media and telecommunications 2,107 2,143 1.7 2.3 43,508 2.8

Financial and insurance services 6,513 6,695 2.8 7.0 131,707 8.4

Rental, hiring and real estate services 1,835 2,041 11.2 2.1 42,640 2.7

Professional, scientific and technical services 5,435 5,580 2.7 5.9 100,179 6.4

Administrative and support services 2,528 2,447 -3.2 2.6 43,707 2.8

Public administration and safety 5,572 5,452 -2.2 5.7 83,800 5.4

Education and training 4,814 4,913 2.1 5.2 71,776 4.6

Health care and social assistance 7,800 8,142 4.4 8.6 100,395 6.4

Arts and recreation services 775 795 2.6 0.8 12,292 0.8

Other services 2,096 2,084 -0.5 2.2 27,658 1.8

Ownership of dwellings 7,686 7,798 1.5 8.2 131,799 8.5

Gross value added 87,484 88,717 1.4 93.2 1,461,165 93.7

GSP/GDP 94,006 95,199 1.3 1,559,662


Agriculture, forestry and fishing ($5,252 million)

Manufacturing ($7,206 million)

Electricity, gas, water and waste services ($3,734 million)

Construction ($6,293 million)

Wholesale trade ($3,956 million)

Retail trade ($4,547 million)

Transport, postal and warehousing ($4,087 million)

Information media and telecommunications ($2,143 million)Financial and insurance services ($6,695 million)

Rental, hiring and real estate services ($2,041 million)

Professional, scientific and technical services ($5,580 million)

Education and training ($4,913 million)

Health care and social assistance ($8,142 million)

Arts and recreation services ($795 million)

Other services ($2,084 million)

Ownership of dwellings ($7,798 million)

Mining ($3,304 million)

South Australia2013-14

Value ($ million)

Accommodation and food services ($2,246 million)

Administrative and support services ($2,447 million)

Public administration and safety ($5,452 million)


*Indonesia, Malaysia, Philippines, Thailand, VietnamSource: IMF World Economic Outlook - October 2014

Global GDP growth rates

Selected regions/countries Per cent (%), p = projection

2013 2014 2015 (p) 2016 (p)

Australia 2.3 2.8 2.9 3.0

World 3.3 3.3 3.8 4.0

Advanced economies 1.4 1.8 2.3 2.4

Emerging and developing economies 4.7 4.4 5.0 5.2

United States 2.2 2.2 3.1 3.0

Euro area -0.4 0.8 1.3 1.7

Germany 0.5 1.4 1.5 1.8

Japan 1.5 0.9 0.8 0.8

United Kingdom 1.7 3.2 2.7 2.4

China 7.7 7.4 7.1 6.8

India 5.0 5.6 6.4 6.5

Brazil 2.5 0.3 1.4 2.2

ASEAN-5* 5.2 4.7 5.4 5.5

2

3

4

5

6

7

8

2013 2014 2015(p) 2016(p)

Per c

ent (

%),

p =

proj

ecti

on

ASEAN-5*

India

China

United States

World

Australia


Labour market

Unemployment rate

Per cent (%) Trend* Seasonally adjusted**

Dec-13 Dec-14 Dec-13 Dec-14

NSW 5.8 6.1 5.9 6.0

VIC 6.3 6.7 6.3 6.5

QLD 6.0 6.6 6.0 6.2

SA 6.6 6.8 6.8 6.6

WA 4.7 5.6 4.6 5.9

TAS 7.6 6.7 7.7 6.6

NT 4.3 3.7 np np

ACT 3.8 4.7 np np

Australia 5.9 6.3 5.9 6.1

Source: ABS Cat No 6202.0np = not available for publication but included in totals where applicable, unless otherwise indicated

* TrendTrend estimates are produced by smoothing noise from the seasonally adjusted estimates. This is the best source of information for forecasting or making decisions about what to do in the future. It is directly comparable at different points in time. Trend estimates are revised as new original estimates become available. This makes sure we have the most up-to-date and best possible estimate.

** Seasonally adjustedSeasonally adjusted estimates are produced by removing seasonal patterns from the original estimates. They are good for performance measures and comparisons - was that advertising campaign effective, how much tourist traffic did we lose because of the Tsunami, is unemployment doing better in QLD than in TAS. Again they’re very history focused. Different months are comparable but month-to-month movements are usually dominated by irregular effects.

3

4

5

6

7

8

Dec-13 (trend) Dec-14 (trend)

Per c

ent (

%)

ACT

NT

TAS

WA

SA

QLD

VIC

NSW

Australia



Participation rate

Trend data, per cent (%) Dec-13 Dec-14 Annual pp Change

South Australia 62.0 61.7 -0.3

Australia 64.7 64.7 0.0


Total persons employed

Trend data (‘000s) Dec-13 Dec-14 Annual % Change

South Australia 797.7 800.2 0.3

Total full-time 528.1 535.8 1.5

Total part-time 269.6 264.4 -1.9

Total full-time (535.8)Total part-time (264.4)

Dec-14Trend data (‘000s)

33% 67%

Per cent values rounded

Vocational education at TAFE SA’s Sustainable Industries Education Centre at Tonsley.




Aggregate monthly hours worked

Trend data (million hours) Dec-13 Dec-14 Annual % Change


Australia 1,596.3 1,603.7 0.5

Labour underutilisation

Trend data Nov-13 Nov-14 Annual % Change

South Australia

Underemployed workers ('000) 69.1 75.4 9.1

Underemployed rate (%) 8.1 8.8 8.3

Labour force underutilisation (%) 15.0 15.6 3.9

Australia

Underemployed workers ('000) 934.4 1,055.7 13.0

Underemployment rate (%) 7.7 8.5 11.4

Labour force underutilisation (%) 13.5 14.8 9.6


Employment by sector

Original data (numbers) As at November 2014 (annual moving average)

Full time Part time Total % share

Agriculture, forestry and fishing 33.6 10.6 44.2 5.5

Mining 14.0 1.3 15.3 1.9

Manufacturing 65.4 12.5 77.8 9.7

Electricity, gas, water and waste services 9.5 0.8 10.3 1.3

Construction 54.0 9.5 63.5 7.9

Wholesale trade 18.2 3.5 21.7 2.7

Retail trade 40.1 47.7 87.9 10.9

Accommodation and food services 19.2 32.9 52.1 6.5

Transport, postal and warehousing 30.1 8.1 38.2 4.8

Information media and telecommunications 7.2 2.5 9.7 1.2

Financial and insurance services 14.6 5.4 20.0 2.5

Rental, hiring and real estate services 8.4 3.9 12.3 1.5

Professional, scientific and technical services 38.0 12.0 50.1 6.2

Administrative and support services 13.1 12.9 25.9 3.2

Public administration and safety 42.0 8.9 50.9 6.3

Education and training 41.5 22.7 64.3 8.0

Health care and social assistance 58.5 55.7 114.2 14.2

Arts and recreation services 6.1 6.7 12.7 1.6

Other services 22.4 9.6 32.0 4.0

Source: ABS Cat No 6291.0.55.003

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20

40

60

80

100

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Inform

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Job vacancies

South Australia Trend data (‘000s)

Nov-13 Nov-14 Annual % Change

Total vacancies 6.7 8.3 23.9

Public sector 0.6 0.7 16.7

Private sector 6.1 7.6 24.6


Average weekly earnings

Full time adult total earnings Original data, value ($)

Nov-13 Nov-14 Annual % Change

South Australia 1,336.8 1,428.5 6.9

Males 1,434.5 1,542.1 7.5

Females 1,156.5 1,221.7 5.6

Australia 1,482.5 1,515.8 2.2

Males 1,603.1 1,648.2 2.8

Females 1,267.4 1,292.1 1.9

Average wage and salary income

Full time adult total earnings Value ($)

2010-11

South Australia 46,551

Greater Adelaide 47,862

Central and Hills 53,344

North 44,514

South 47,540

West 47,073

Rest of SA 41,665

Barossa, Yorke, Mid-north 41,197

Outback 48,389

South East 38,616

Source: ABS Cat No 6524.0.55.002 (Census data)


1,500,000

1,550,000

1,600,000

1,650,000

1,700,000

2008-09

Financial year

2009-10 2010-11 2011-12 2012-13 2013-14

South Australia Population

Pop’

n (S

A T

otal

)

Financial year Pop’n (SA Total)

Natural increase

Net overseas

migration

Net interstate migration

2008-09 1,608,902 7,201 18,005 -4,402

2009-10 1,627,322 7,456 14,537 -2,709

2010-11 1,639,614 7,070 9,168 -2,614

2011-12 1,656,035 7,494 11,351 -2,424

2012-13 1,670,498 7,363 11,073 -3,973

2013-14 1,685,714 7,018 11,166 -2,968

PopulationSouth Australia Population



State/Territory estimated resident population

Quarterly (‘000s) Jun-13 Jun-14 Annual % Change

NSW 7,409 7,518 1.5

VIC 5,735 5,842 1.9

QLD 4,652 4,722 1.5

SA 1,670 1,686 0.9

WA 2,519 2,573 2.2

TAS 513 515 0.3

NT 243 245 1.0

ACT 381 386 1.2

Australia 23,126 23,491 1.6


Greater Adelaide

Central and Hills (292,814)

North (413,356)

South (356,282)

West (229,214)

Rest of SA

Barossa, Yorke, Mid-north (109,188)

Outback (87,703)

South East (182,270)

0 50

km

100

Ceduna

Port Lincoln

Port Augusta

Whyalla

Port Pirie

Wallaroo

Kingscote

Penneshaw

VictorHarbor

Kingston SE

Coonawarra

Bordertown

Mount Gambier

Renmark

Roxby Downs

ADELAIDE

KANGAROOISLAND


SA regional population

SA regional population 30-Jun 2013 Annual % Change

South Australia 1,670,827 0.9

Greater Adelaide 1,291,666 1.0

Central and Hills 292,814 0.8

North 413,356 1.4

South 356,282 0.8

West 229,214 1.1

Rest of SA 379,161 0.5

Barossa, Yorke, Mid-north 109,188 0.4

Outback 87,703 0.4

South East 182,270 0.5


Prices

Consumer Price Index


Index Dec-13 Dec-14 Annual % Change

Adelaide 104.4 106.2 1.7

Australia (eight city average) 104.8 106.6 1.7

Adelaide CPI selected component contribution

Food and non-alcoholic beverages 101.8 103.4 1.6

Housing 107.0 110.0 2.8

Rents 104.8 106.6 1.7

Utilities 117.5 120.7 2.7

Transportation 103.5 101.8 -1.6

-2

-1

0

1

2

3

Annual Change

Per c

ent (

%)

Utilities

Rents

Housing

Food and non-alcoholic beverages

Adelaide CPI selected component contribution

Australia (eight city average)

Adelaide

Transportation



Wage Price Index (yearly)

Base Year 2008-09, index South Australia Australia

2012-13 2013-14 Annual % Change

2012-13 2013-14 Annual % Change

All sectors 113.7 117.4 3.3 114.6 117.6 2.6

Private sector 113.7 117.4 3.3 114.4 117.3 2.6

Public sector 113.9 117.7 3.4 115.2 118.5 2.8

1.0

1.5

2.0

2.5

3.0

3.5

Annual Change

Per c

ent (

%)

Public sector

Private sector

All sectors

Australia

Public sector

Private sector

All sectors

South Australia


Per cent (%) 2009-10 2010-11 2011-12 2012-13 2013-14

Adelaide CPI 2.2 3.3 2.6 2.1 2.5

Australia (eight city average) 2.4 3.1 2.4 2.3 2.6

2.0

2.5

3.0

3.5

2009-10 2010-11 2011-12 2012-13 2013-14

Per c

ent (

%)

Adelaide CPI

Australia (eight city average)



Residential House Price Index

Residential property price Index (2011-12 = 100)

Dec-13 Dec-14 Annual % Change

Sydney 119.0 133.5 12.2

Melbourne 109.7 114.6 4.5

Brisbane 107.1 112.8 5.3

Adelaide 104.4 107.0 2.5

Perth 113.9 115.3 1.2

Hobart 103.3 105.6 2.2

Darwin 112.8 113.7 0.8

Canberra 101.8 103.5 1.7

Eight Capitals 112.6 120.3 6.8

95

100

105

110

115

120

125

130

135

Dec-13 Dec-14

Inde

x (2

011-

12 =

100

)

Canberra

Darwin

Hobart

Perth

Adelaide

Brisbane

Melbourne

Sydney

Eight Capitals

Adelaide’s housing prices are among the lowest in Australia.



Attached dwelling price Index (2011-12 = 100)


Sydney 117.1 129.9 10.9

Melbourne 108.1 110.0 1.8

Brisbane 105.1 110.9 5.5

Adelaide 101.1 102.3 1.2

Perth 111.4 111.3 -0.1

Hobart 101.9 100.8 -1.1

Darwin 110.9 113.4 2.3

Canberra 101.5 100.5 -1.0



Established house price Index (2011-12 = 100)


Sydney 119.9 135.3 12.8

Melbourne 110.2 116.1 5.4

Brsbane 107.5 113.3 5.4

Adelaide 105.2 108.3 2.9

Perth 114.5 116.2 1.5

Hobart 103.6 106.5 2.8

Darwin 113.8 113.9 0.1

Canberra 101.8 104.4 2.6



Retail sales

Retail turnover

Seasonally adjusted, value ($ million) Dec-13 Dec-14 Annual % Change

Total turnover 1,488.3 1,548.4 4.0

Selected components

Supermarket and grocery stores 580.5 622.2 7.2

Electrical and electronic goods retail 96.9 97.5 0.6

Clothing, footwear and personal accessory retail 91.0 114.0 25.3

Cafes, restaurants and takeaway food services 166.7 151.6 -9.1


-10

-5

0

5

10

15

20

25

30

Annual Change

Per c

ent (

%)

Clothing, footwear and personal accessory retail

Electrical and electronic goods retail

Supermarket and grocery stores

Selected components

Total turnover

Cafes, restaurants and takeaway food services

South Australia’s fine food and wines are exported to all corners of the globe.


New motor vehicle sales

Seasonally adjusted, number Dec-13 Dec-14 Annual % Change

Number of vehicles sold 5,829 5,560 -4.6

Passenger vehicles 3,024 2,553 -15.6

Sports utility vehicles 1,590 1,719 8.1

Other vehicles 1,215 1,287 5.9


Passenger vehicles (2,553)Other vehicles (1,287)

Sports utility vehicles (1,719)

Dec-14Seasonally adjusted, number

23%

31%

46%



Housing market

Building approvals

Original data, number Dec-13 Dec-14 Annual % Change

Residential dwelling approvals 859 999 16.3

New houses 662 582 -12.1

Other dwellings (includes altns, addns & conv) 197 417 111.7

Value ($ million) 332.9 374.5 12.5

Residential 203.0 235.2 15.8

Non-residential 129.8 139.3 7.3


0

100

200

300

400

500

600

700

800

900

1,000

1,100

Ori

gina

l dat

a, n

umbe

r

Other dwellings (includes altns, addns & conv)

New houses

Total residential dwelling approvals

Dec-13 Dec-14

0

50

100

150

200

250

300

350

400

Valu

e ($

mill

ion)

Non-residential

Residential

Total

Dec-13 Dec-14


Housing finance

Original data, number Dec-13 Dec-14 Annual % Change

Total number of homebuyers financed 3,492 3,634 4.1

Total value of housing finance ($ million) 901.9 997.7 10.6

Number of first home buyers financed 646 509 -21.2

First home buyer average loan size (‘000) 252.6 263.9 4.5

Number of non first home buyers financed 2,846 3,125 9.8

Non first home buyer average loan size 259.6 276.3 6.4

Average loan size (‘000) 258.3 274.6 6.3

Construction of dwelling 248.9 268.7 8.0

Purchase of new dwelling 253.8 297.9 17.4

Purchase of established dwelling 259.8 274.4 5.6


Dwelling commencements

Original data, number Sep-13 Sep-14 Annual % Change

Number of commencements 2,319 2,649 14.2

Houses 1,902 1,972 3.7

Other residential 404 638 57.9

Conversions 13 39 200.0


Houses (1,972)

Other residential (638)

Conversions (39)

Sep-14Original data, number

24.1%

1.5%

74.4%



20

21

22

23

24

25

26

Sep-13 Sep-14

Prop

orti

on o

f med

ian

wee

kly

inco

me

req

uire

d to

rent

a th

ree

bed

room

hou

se (%

)

Australia

South Australia

Rental affordability

Proportion of median weekly income required to rent a three bedroom house (%)



Australia 25.6 25.0 -2.3

Source: Real Estate Institute of Australia

Housing loan affordability

Affordability indicator Sep-13 Sep-14 Annual % Change


Australia 33.5 32.9 -1.8

Source: Real Estate Institute of Australia

30

31

32

33

34

35

36

37

38

Sep-13 Sep-14

A�o

rdab

ility

indi

cato

r

Australia

South Australia



Construction

Construction work done

Total construction work done Original data, chain volume, value ($’000)


Residential building 596,040 702,297 17.8

Non-residential building 660,681 567,203 -14.1

Engineering 1,358,113 983,418 -27.6

0

200,000

400,000

600,000

800,000

1,000,000

1,200,000

1,400,000

Sep-13 Sep-14

Ori

gina

l dat

a, c

hain

vol

ume,

va

lue

($’0

00)

Engineering

Non-residential building

Residential building

Construction underway on the new Royal Adelaide Hospital.

P 31


Business

South Australian businesses by ANZSIC division


Table, see following page

Agriculture, forestry and fishing (13.0%)

Mining (0.4%)

Manufacturing (4.4%)

Electricity, gas, water and waste services (0.4%)

Construction (14.3%)

Wholesale trade (3.3%)

Retail trade (6.4%)

Accommodation and food services (3.7%)

Transport, postal and warehousing (5.6%)Information media telecommunications (0.6%)

Financial and insurance services (9.6%)

Rental, hiring and real estate services (10.9%)

Professional, scientific and technical services (9.0%)

Administrative and support services (3.3%)

Public administration and safety (0.3%)

Education and training (0.9%)

Health care and social assistance (5.3%)

Arts and recreation services (1.0%)

Other services (4.1%)

Not categorised (3.5%)

Per cent (%) of total

South Australia presents many opportunities for investors seeking to operate in a secure and supportive business environment.


Original data, number Jun-13 % of total

Agriculture, forestry and fishing 18,712 13.0

Mining 533 0.4

Manufacturing 6,266 4.4

Electricity, gas, water and waste services 514 0.4

Construction 20,492 14.3

Wholesale trade 4,802 3.3

Retail trade 9,124 6.4

Accommodation and food services 5,264 3.7

Transport, postal and warehousing 7,998 5.6

Information media telecommunications 844 0.6

Financial and insurance services 13,810 9.6

Rental, hiring and real estate services 15,567 10.9

Professional, scientific and technical services 12,946 9.0

Administrative and support services 4,744 3.3

Public administration and safety 407 0.3

Education and training 1,328 0.9

Health care and social assistance 7,625 5.3

Arts and recreation services 1,413 1.0

Other services 5,880 4.1

Not categorised 5,151 3.5

Total 143,420 100.0


Business confidence

Index (net balance) Dec-13 Dec-14 Annual % Change

South Australia 47 19 -59.6

Australia 38 27 -28.9

*Net balance is defined as the difference between the percentage who are confident (+) and the percentage who are worried (-)Source: Sensis Business Index

0

5

10

15

20

25

30

35

40

45

50

Dec-13 Dec-14

Inde

x (n

et b

alan

ce)

Australia

South Australia


Exchange rate

Monthly average - units of foreign currency per $A Dec-13 Dec-14 Annual % Change

USA Dollar 0.89 0.82 -8.3

Chinese Renminbi 5.41 5.09 -6.1

Japanese Yen 93.95 98.04 4.4

Euro 0.65 0.67 4.0

Singapore Dollar 1.13 1.08 -4.3

Trade-weighted index (May 1970 = 100) 68.9 66.5 -3.5

Source: Reserve Bank of Australia



Tourism

Accommodation

Original data Jun-13 Jun-14 Annual % Change

Takings ($m) 91.5 96.8 5.9

Room occupancy rate (%) 57.2 59.0 3.1

Adelaide is consistently ranked as one of the world’s most liveable cities.

P 35


“The vision is about protecting our way of life and opening the door to new ideas, new opportunities, new people and new businesses. It is about taking bold actions and seizing opportunities and finding new ways of doing things.”Premier Jay Weatherill


Contact

Further information

Published February 2016.

No responsibility for any loss or damage caused by reliance on any of the information or advice provided by or on behalf of the state of South Australia, or for any loss or damage arising from acts or omissions made, is accepted by the state of South Australia, their officers, servants or agents. Produced by Investment Attraction South Australia with data compiled by the Department of Premier and Cabinet. © February 2016. Content correct at time of printing.

INVESTMENT ATTRACTION SOUTH AUSTRALIA

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T: +61 8 8303 2432 E: [email protected]

www.invest.sa.gov.au

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