Northern Adelaide receives $11.3m employment boost
The federal government has launched a multimillion-dollar initiative to bolster the employment sector in northern Adelaide - supporting and facilitating the growth of the capital city's outer suburbs.
The City of Playford received an $11.3 million cash injection under the Suburban Jobs program to support the creation of local positions outside of Adelaide - reducing congestion and adding to the region's development.
Federal sustainability minister Tony Burke, local MP Nick Champion and South Australian premier Jay Weatherill announced the funding boost on September 6.
"The City of Playford is growing at a fast rate and around a third of the city's working residents leave the area each day for work," Mr Burke explained.
With more jobs in Adelaide's suburban areas, savvy investors may be interested in snapping up residential property in the South Australian capital, with an increase in housing demand a likely knock-on effect.
As more people move to the region for employment purposes, home values in the area could see a spike in prices - meaning higher returns for property owners.
The funding will be used to support the Stretton Centre - a training and employment hub - as part of the Playford Alive project.
"The Stretton Centre will deliver skills training, provide for the co-location of business support services and conduct relevant employment research to assist this growing population," federal member for Wakefield Nick Champion said.