Adelaide to Undergo $1.9 Billion New Makeover
The South Australian capital will play host to some exciting upgrades and redevelopments over the next several decades. The city of churches is currently Australia’s fifth largest city, with a population of 1.28 million. A great location for investment property, Adelaide was ranked an equal eighth with Perth in the Economic Intelligence Unit’s (‘EIU’) World Liveability Index in 2011. In this article, we take a closer look at some of Adelaide’s most exciting new development projects.
Some of the projects that have been ‘green-lighted’ include upgrades to the Riverbank Precinct, Rundle Mall, and private developments in the CBD. In total, the projects will amount to a minimum of $1.9 billion being injected into the state’s economy, creating jobs and providing opportunities for astute long-term property investment.