How is commercial real estate affecting Adelaide's standard of living?

Adelaide, once known as the most liveable city in Australia has digressed in recent years. Canberra is now officially the most liveable city in Australia. The latest survey by Auspoll places Adelaide in second followed by Perth and Sydney. The least liveable city is said to be Darwin according the poles. So what does this have to do with commercial real estate.

Well it turns out that policy that governs what we do with our commercial properties affects residential property prices and consequently our cost of living. Adelaide has the opportunity to develop policies that create openings for developers to re-purpose office buildings and other commercial structures into residential developments. The increase in supply will ease price pressures on residential abodes and in turn advocate affordable housing.

Large government and industry infrastructure projects are another way for Adelaide to put themselves back on the most liveable map. Not only will this stimulate the economy, but new hospitals, faster and better Internet coverage, and better transport systems can go a long way to improve the city's liveability. To achieve this, local government must step in and provide incentives for industry development in addition to prioritising government funded infrastructure projects. This can however be a double edged sword as higher taxes used to fund these projects will reduce the standard or living and decrease public spending.

A newspoll survey has reported that labour may very well be set to lose their 12 year reign in Adelaide. A liberal government will most likely cut taxes in the city which is winning over the people, but labour has initiated projects such as the redeveloped of the Adelaide Oval and the new Royal Adelaide Hospital which is important considering the current state of South Australia's economy. The premier wants to push ahead with $117 000 000  renovation of the city's Flinders Medical Centre, and an $85 000 000 city high school at Royal Adelaide.

sources:

http://www.grocon.com/

http://www.canberratimes.com.au/comment/as-australias-most-liveable-city-we-have-much-yet-to-do-20140301-33tad.html

www.auspoll.com.au

http://au.news.yahoo.com/a/21851838/labor-set-to-lose-sa-after-12-year-rule/

http://www.abc.net.au/news/2014-03-05/chinese-buyers-to-invest-44-billion-dollars-in-australian-real-/5300494

http://www.commercialrealestate.com.au/

http://www.lendlease.com/