Business confidence high in SA

South Australia remains a popular destination not only for home buyers, but also anyone who hopes to set up a business.

The latest National Australia Bank Monthly Business Survey could give people added incentive to relocate to the region, not least because South Australia has outperformed many other parts of the country.

April results show that business conditions painted a mixed picture on a national basis, but South Australia has emerged as one of the most impressive locations.

The state witnessed a seven-point rise in confidence in April, with its index reading reaching 11 points. This puts it ahead of all other mainland regions which, although they saw rises in confidence, their results were not as impressive as South Australia’s.

Queensland’s reading registered 9 points in April, Victoria’s was 5, while New South Wales and Western Australia saw outcomes of 4 and 1 points, respectively.

State Treasurer Tom Koutsantonis acknowledged there are plenty of reasons to start up a business in the region at the moment – and employment prospects for anyone who has recently moved.

“The Brickworks marketplace development at Torrensville will deliver 600 construction jobs and 200 ongoing retail positions, while Masters Home Improvement are investing $500 million to expand in SA, creating 3000 direct and indirect jobs in construction and 1500 ongoing retail positions,” he noted.

Mr Koutsantonis said these high levels of investment offer a vote of confidence for the state economy at a time when other parts of the country are struggling.

No matter where in South Australia you might have your sights set on, seeking guidance from someone who has undergone real estate training can prove essential. They can help you navigate the local market and secure the right property to meet your needs.

Source: News Release Real Estate Institute of South Australia  22 May 2014

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