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4 capital cities buck national dip in new residential listings
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Surviving lockdown in SA
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Infrastructure wins in SA budget, but at what cost to supply? SHARE THIS ARTICLE
With its promise to focus on social infrastructure, the South Australian government’s budget announcement has garnered a mixed reception from the property sector.
The budget announcement on Tuesday (22 June) from South Australian Treasurer Rob Lucas will deliver a massive $17.9 billion in infrastructure spending over the next four years, particularly on health, education, sporting, cultural and recreational facilities.
With a strong focus on health, education and economic recovery, the state budget could ultimately serve “as an economic blueprint that will put hard hats and steel caps on workers now and into the future, helping to transform South Australia’s skyline”, according to Property Council SA executive director Daniel Gannon.
Is South Australia just getting started? SHARE THIS ARTICLE
Federal budget infrastructure spending will build on the boom that’s already taking place across the South Australian residential marketplace, according to a real estate network’s GM.
James Trimble is the general manager at Raine & Horne South Australia and he said the state is already benefiting from infrastructure development, but the promise of further funding particularly for better roads will make property demand even greater.
“There’s a saying that ‘build it and they will come’, a notion supporting the government’s $2.6 billion funding for the North-South Corridor – Darlington to Anzac Highway and other projects such as $148 million for the Augusta Highway Duplication Stage 2,” he said.
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