Editing Adelaide (section)

== Economy ==
[[File:NRAHfront.jpg|thumb|The new [[Royal Adelaide Hospital]] opened in 2017. Health care and social assistance is the largest [[Australian Bureau of Statistics|ABS]]-defined employment sector in South Australia.<ref name=autogenerated2>{{cite web |url = http://www.abs.gov.au/ausstats/abs@.nsf/mediareleasesbyReleaseDate/BDE38EF07F5984D0CA2576F50011FE7D?OpenDocument |title = 1345.4 – SA Stats, June 2011 |access-date=24 May 2011 |archive-url = https://web.archive.org/web/20111116061953/http://abs.gov.au/AUSSTATS/abs@.nsf/mediareleasesbyReleaseDate/BDE38EF07F5984D0CA2576F50011FE7D?OpenDocument |archive-date=16 November 2011 |url-status=live }}</ref>]]

South Australia's largest employment sectors are health care and social assistance,<ref name=autogenerated2 /><ref name=autogenerated1>{{cite web |url=http://www.adelaidenow.com.au/business/health-now-our-biggest-employer/story-e6frede3-1226046526798 |title = Health now our biggest employer – Adelaide Now |access-date=24 May 2011 |archive-url=https://web.archive.org/web/20110430211448/http://www.adelaidenow.com.au/business/health-now-our-biggest-employer/story-e6frede3-1226046526798 |archive-date=30 April 2011 |url-status=live }}</ref> surpassing manufacturing in SA as the largest employer since 2006–07.<ref name=autogenerated2 /><ref name=autogenerated1 /> In 2009–10, manufacturing in SA had average annual employment of 83,700 persons compared with 103,300 for health care and social assistance.<ref name=autogenerated2 /> Health care and social assistance represented nearly 13% of the state average annual employment.<ref name=autogenerated3>[http://www.abs.gov.au/ausstats/abs@.nsf/Previousproducts/1345.4Feature%20Article1Apr%202011?opendocument&tabname=Summary&prodno=1345.4&issue=Apr%202011&num=&view= 1345.4 – SA Stats, Apr 2011] {{Webarchive|url=https://web.archive.org/web/20120502133036/http://www8.abs.gov.au/AUSSTATS/abs@.nsf/Previousproducts/1345.4Feature%20Article1Apr%202011?opendocument&tabname=Summary&prodno=1345.4&issue=Apr%202011&num=&view= |date=2 May 2012 }}. abs.gov.au. Retrieved 26 July 2013.</ref> The [[Adelaide Hills wine region]] is an iconic and viable economic region for both the state and country in terms of wine production and sale. The 2014 vintage is reported as consisting of {{convert|5836|t|abbr=on}} red grapes crushed valued at A$8,196,142 and {{convert| 12,037|t|abbr=on}} white grapes crushed valued at $14,777,631.<ref name=PGIBSA25>PGIBSA, 2014, page 25</ref>

The retail trade is the second largest employer in SA (2009–10), with over 91,900 jobs, and 12 per cent of the state workforce.<ref name=autogenerated3 />

Manufacturing, defence technology, high-tech electronic systems and research, commodity export and corresponding service industries all play a role in the SA economy. Almost half of all cars produced in Australia were made in Adelaide at the [[Holden Elizabeth Plant]] in [[Elizabeth, South Australia|Elizabeth]].<ref>{{cite web |url=http://www.southaustralia.biz/fact_sheets/fact_automotive.biz.pdf |title=South Australia Fact Sheet: Automotive Industry |publisher=Government of South Australia |access-date=26 July 2011 |url-status=dead |archive-url=https://web.archive.org/web/20070809022714/http://www.southaustralia.biz/fact_sheets/fact_automotive.biz.pdf |archive-date=9 August 2007}}</ref> The site ceased operating in November 2017.

The [[State Bank of South Australia|collapse of the State Bank in 1992]] resulted in large levels of state public debt (as much as A$4&nbsp;billion). The collapse meant that successive governments enacted lean budgets, cutting spending, which was a setback to the further economic development of the city and state. The debt has more recently been reduced with the State Government once again receiving a [[AAA+ Credit Rating]].<ref>[http://www.southaustralia.biz/news/sa_creditrating.htm] {{dead link|date=June 2016|bot=medic}}{{cbignore|bot=medic}}</ref>

The global media conglomerate [[News Corporation]] was founded in, and until 2004 incorporated in, Adelaide and it is still considered its "spiritual" home by its founder, [[Rupert Murdoch]].<ref>{{Cite episode |title=News Corp bids Adelaide farewell |access-date=24 October 2021 |series=AM |first=Nance |last=Haxton |station=ABC Radio |date=26 October 2004 |time=08:24:42 |url=https://www.abc.net.au/am/content/2004/s1227927.htm}}
</ref> Australia's largest oil company, [[Santos Limited|Santos]], prominent South Australian brewery, [[Coopers Brewery|Coopers]], and national retailer [[Harris Scarfe]] also call Adelaide their home.

In 2018, at which time more than 80 organisations employed 800 people in the space sector in South Australia, Adelaide was chosen for the headquarters of a new [[Australian Space Agency]].<ref>{{cite web |url=https://www.abc.net.au/news/2018-12-11/australian-space-agency-to-be-based-in-adelaide/10608202 |title=South Australia beats strong competition to be home to Australia's new space agency |work=ABC News (Australia) |last1=Maclennan |first1=Leah |last2=Winter |first2=Caroline |date=11 December 2018 |access-date=28 September 2021 |url-status=live |archive-url=https://web.archive.org/web/20181211160327/https://www.abc.net.au/news/2018-12-11/australian-space-agency-to-be-based-in-adelaide/10608202 |archive-date=11 December 2018 }}</ref> The agency opened its in 2020. It is working to triple the size of the Australian space industry and create 20,000 new jobs by 2030.<ref>{{cite web|title=Australian Space Agency opens in Adelaide|publisher=Department of Industry, Science, Energy and Resources of Australia|date=19 February 2020|url=https://www.industry.gov.au/news-media/australian-space-agency-news/australian-space-agency-opens-in-adelaide|access-date=22 July 2021|archive-date=19 February 2020|archive-url=https://web.archive.org/web/20200219053024/https://www.industry.gov.au/news-media/australian-space-agency-news/australian-space-agency-opens-in-adelaide|url-status=dead}}</ref>

=== Defence industry ===
[[File:US Navy 040823-N-3019M-003 The Australian Collins-class submarine, HMAS Rankin (SSK 78), enters Pearl Harbor for a port visit after completing exercises in the Pacific region.jpg|thumb|The Adelaide-built {{sclass|Collins|submarine|2}} {{HMAS|Rankin|SSG 78|6}} entering [[Pearl Harbor]], August 2004]]
Adelaide is home to a large proportion of Australia's defence industries, which contribute over A$1&nbsp;billion to South Australia's Gross State Product.<ref>[http://indaily.com.au/news/2013/08/28/defence-interactive/ Visualised: How Defence dominates govt tenders in SA] {{Webarchive|url=https://web.archive.org/web/20160128151001/http://indaily.com.au/news/2013/08/28/defence-interactive/ |date=28 January 2016 }} ''InDaily'', 28 August 2013. Retrieved 11 January 2016.</ref> The principal government military research institution, the [[Defence Science and Technology Organisation]], and other defence technology organisations such as [[BAE Systems Australia]] and Lockheed Martin Australia, are north of Salisbury and west of Elizabeth in an area now called "Edinburgh Parks", adjacent to [[RAAF Base Edinburgh]].

Others, such as Saab Systems and Raytheon, are in or near [[Technology Park, Adelaide|Technology Park]]. [[ASC Pty Ltd]], is based in the industrial suburb of [[Osborne, South Australia|Osborne]] and is also a part of [[Technology Park, Adelaide|Technology Park]]. South Australia was charged with constructing Australia's {{sclass|Collins|submarine|1}}s and more recently the A$6&nbsp;billion contract to construct the [[Royal Australian Navy]]'s new [[Hobart-class destroyer|air-warfare destroyers]].<ref>[http://www.defencesa.com/ ''South Australia: The Defence Industry Choice''] {{Webarchive|url=https://web.archive.org/web/20120731112615/http://www.defencesa.com/ |date=31 July 2012 }}, Defence SA.</ref>

=== Employment statistics ===
{{as of|2015|November}}, Greater Adelaide had an unemployment rate of 7.4% with a youth unemployment rate of 15%.<ref>{{cite web |url = http://www.skills.sa.gov.au/workforce-information/labour-market |title=Workforce Wizard &#124; WorkReady – Skills and Employment |website = Skills.sa.gov.au |date=14 September 2017 |access-date=20 September 2017 |archive-url = https://web.archive.org/web/20160223171250/http://www.skills.sa.gov.au/workforce-information/labour-market |archive-date=23 February 2016 |url-status=dead }}</ref>

The median weekly individual income for people aged 15&nbsp;years and over was $447 per week in 2006, compared with $466 nationally. The median family income was $1,137 per week, compared with $1,171 nationally.<ref name=ABS>{{Census 2006 AUS|id=405|name=Adelaide (Statistical Division)|quick=on|access-date=28 February 2008}}</ref> Adelaide's housing and living costs are substantially lower than that of other Australian cities, with housing being notably cheaper. The median Adelaide house price is half that of Sydney and two-thirds that of Melbourne. The three-month trend unemployment rate to March 2007 was 6.2%.<ref>[http://www.workplace.gov.au/lmip/LabourForceData/SouthAustralia/Adelaide/ ''Adelaide''] {{webarchive|url=https://web.archive.org/web/20070904085208/http://www.workplace.gov.au/lmip/LabourForceData/SouthAustralia/Adelaide/ |date=4 September 2007 }}, Labour Market Information Portal.</ref> The Northern suburbs' unemployment rate is disproportionately higher than the other regions of Adelaide at 8.3%, while the East and South are lower than the Adelaide average at 4.9% and 5.0% respectively.<ref>[http://www.workplace.gov.au/NR/rdonlyres/1E5ADA69-1DF0-4680-A16A-F376109E9091/0/SA_6_Regions_2007_04.pdf ''SA Regional Labour Force Data''] {{webarchive|url=https://web.archive.org/web/20070619211401/http://www.workplace.gov.au/NR/rdonlyres/1E5ADA69-1DF0-4680-A16A-F376109E9091/0/SA_6_Regions_2007_04.pdf |date=19 June 2007 }}, April 2007, Australian Bureau of Statistics Labour Force Survey.</ref>

=== House prices ===
Over the decade March 2001 – March 2010, Metropolitan Adelaide median house prices approximately tripled. (approx. 285% – approx. 11%p.a. compounding)
In the five years March 2007 – March 2012, prices increased by approx. 27% – approx. 5%p.a. compounding. March 2012 – March 2017 saw a further increase of 19% – approx. 3.5%p.a. compounding.<ref>{{cite web |title=State and Metro Adelaide Historical Median House Prices |url=https://www.reisa.com.au/documents/item/54 |website=reisa.com.au |access-date=9 March 2019 |archive-url=https://web.archive.org/web/20190317073307/https://www.reisa.com.au/documents/item/54 |archive-date=17 March 2019 |url-status=live }}</ref><ref>{{cite web |title=statistics |url=https://www.reisa.com.au/documents/item/58 |website=reisa.com.au |access-date=9 March 2019 |archive-url=https://web.archive.org/web/20190317073340/https://www.reisa.com.au/documents/item/58 |archive-date=17 March 2019 |url-status=live }}</ref><ref>{{cite web |title=SA house prices surge ahead |url=http://wic003lc.server-web.com/~admin417/uploads/Stats/Stats |website=Wic003lc.server-web.com |archive-url=https://web.archive.org/web/20100704192553/http://wic003lc.server-web.com/~admin417/uploads/Stats/Stats%20Mar10.pdf |archive-date=4 July 2010}}</ref><ref name=":0">{{cite web|url=https://www.sa.gov.au/topics/planning-and-property/buying-a-home-or-property/researching-a-property/median-house-sales-by-quarter|title=Median house sales by quarter|last=Australia|first=Government of South|website=sa.gov.au|access-date=21 June 2017|archive-url=https://web.archive.org/web/20170704200642/http://www.sa.gov.au/topics/planning-and-property/buying-a-home-or-property/researching-a-property/median-house-sales-by-quarter|archive-date=4 July 2017|url-status=live}}</ref>

In summary:
{| class=wikitable
|- align=right
!    March||     2001 ||     2002 ||     2003 ||     2004 ||     2005 ||     2006 ||     2007 ||     2008 ||     2009 ||     2010
|- align=right
| Median  || $140,000 || $170,000 || $200,000 || $250,000 || $270,000 || $280,000 || $300,000 || $360,000 || $350,000 || $400,000
|- align=right
|% change ||          ||      21% ||      18% ||      25% ||       8% ||       4% ||       7% ||      20% ||      −3% ||      14%
|- align=right
!  March  ||     2011 ||     2012 ||     2013 ||     2014 ||     2015 ||     2016 ||     2017 ||     2018 ||     2019 ||     2020
|- align=right
| Median  || $400,000 || $380,000 || $393,000 || $413,000 || $425,000 || $436,000 || $452,000 || $470,000 || $478,500 ||
|- align=right
|% change ||       0% ||      −5% ||       3% ||       5% ||       3% ||       3% ||       4% ||          ||          ||
|-
| colspan=11 |''All numbers approximate and rounded.<br />Since March 2012, the REISA<ref name=RESIA>Real Estate Institute of South Australia (REISA)</ref> no longer release a median house price for the Adelaide Metropolitan area, so figures retrieved are from Dept of the Premier and Cabinet.''<ref name=":0" />
|}

Each quarter, The Alternative and Direct Investment Securities Association (ADISA) publishes a list of median house sale prices by suburb and [[Local government in Australia|Local Government Area]].{{citation needed|date=October 2014}} (Previously, this was done by REISA<ref name=RESIA />) Due to the small sizes of many of Adelaide's suburbs, the low volumes of sales in these suburbs, and (over time) the huge variations in the numbers of sales in a suburb in a quarter, statistical analysis of "the most expensive suburb" is unreliable; the suburbs appearing in the "top 10 most expensive suburbs this quarter" list is constantly varying. Quarterly Reports for the last two years can be found on the REISA website.<ref>{{cite web |last= |first= |date=23 August 2023 |title=Median House Prices – REISA |url=https://members.reisa.com.au/publicinfo/median-house-prices |url-status=live |archive-url=https://web.archive.org/web/20121203220313/http://www.reisa.com.au/publicinfo/median-house-prices |archive-date=3 December 2012 |access-date=23 August 2023 |website=The Real Estate Institute of South Australia (REISA)}}</ref>
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