New home grants available for all in SA
Posted : Wednesday, October 17, 2012
For the first time, a housing construction grant of $8500 to
build a new home or apartment will be available for not only first
home owners but for everyone, announced SA Premier, Jay
Weatherill at a CEDA forum in Adelaide.
We are refocusing our first home owner grant to support new
construction, he said.
"First home owners will now be entitled to $23,500 in assistance
up from $15,000," he said.
"We will provide for these grants by reducing the existing first
home owners grant for established homes to $5000, which will be
phased out from 2014.
"This sector is an important driver of economic growth in our
economy and it is imperative we act to support the sector."
The measures, designed in consultation with participants in the
Construction Industry Round Table, aim to stimulate new
construction, he said.
Mr Weatherill told attendees that the State cannot afford to
lose the skills, activity and capabilities which exist in this
sector as it is necessary for the future.
Also part of Mr Weatherill's vision for the future, he believes
Adelaide will be recognised as one of the great small cities of the
world by 2050.
However he acknowledged the city has a perception of being dull
and conservative, and this is a threat to Adelaide's
competitiveness as a destination for skills, people and
"We recognise that our future success will depend on our success
in attracting and retaining people, and (having a culture of)
creativity and innovation," he said.
To achieve this goal, he said he aims to increase street life in
the CBD and grow residential capacity by closing laneways to
traffic, establishing bars and live music venues in the city,
stimulating job growth, encouraging more investment, and interstate
and overseas visitors.
Mr Weatherill also outlined the future direction of other areas
of the economy including mining, manufacturing, and food and
On mining, he aims for SA to become the mining services hub, not
just for the mining industry in SA but across the nation and in the
He also emphasised traditional manufacturing faces increased
pressure from the demanding global market place, and cannot compete
with low labour cost countries on the basis of price.
"SA must adapt its manufacturing capabilities. We need a strong
advanced manufacturing sector which competes on the basis of
superior design and innovation capabilities," he said.
"We will supply high value and high technology products to the
global supply chain in established areas like mining, defence
technology, and in growing areas such as renewable energy, high
tech automotive manufacture, and medical technology."
Like manufacturing, the food production industry cannot compete
on the basis of price with countries where labour costs are lower
and food production standards are less rigorous, Mr Weatherill
"Global demand for food will rise by more than 70 per cent by
2050 and consumption patterns are also changing. The rise of demand
concerns not only the quantity of food but its quality…SA can
market its pristine environment to the world with our primary
products from clean soil, air and water," he said.
He said SA's long term prosperity will be determined by long
term productivity growth.
"These productivity improvements demand a renewed commitment to
innovation across the whole of the community," he said.
"This will involve a change in workplace culture. This means
from business and leadership, but also from the SA public sector
and its leadership. Our future success will also depend on a change
of perspective to a more outward looking SA."
University of Adelaide, Vice Chancellor, Professor
Warren Bebbington provided a vision for the future of
education, highlighting higher education will:
- Have a greater online focus;
- Be less dominated by school leavers; and
- Research will be more dependent of global partnerships.
He said Adelaide will become a university town and will be
ranked within the top 20 university towns in the world,
and be known as safe, secure, easy to navigate, clean and
BusinessSA, CEO, Nigel McBride said he expected
Adelaide to be seen as a world class boutique city with a
reputation for uniqueness in design and architecture, like cities
such as Edinburgh.
He said Adelaide will no longer be concerned about what its
Australian cousin states will think, Adelaide will be interested in
international cities such as Mumbai and Hanoi.
Mr McBride predicted Adelaide will have the biggest fringe
festival in the world because it will capture the South East Asian
hub and be likened to cities like Dublin for its live music,
Copenhagen for its design and advanced manufacturing, and Boston
for its world class education.
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