Rich Lister Shaun Bonett says no other precinct in Australia is going through such a big transformation. But can it catch up to Fremantle?
have outlined that the construction of the specialist submarine yard at Osborne in Adelaide’s north-west will need 4000 workers, while employment numbers for the actual building of the submarines at the site, about 5km from Port Adelaide, will be up to 5,500.
Residential property buyers will need to factor in the multi-stage, long-term nature of the plans andwhich may arise. The cutting of steel for the first of eight submarines is only earmarked to happen at the end of this decade, with the first of the AUKUS submarines due to be completed in 2042. But longer term the project would underpin an expansion of the local economy. “It is going to be a good job creator. It will help. It may have a bit of a multiplier effect.”Mr Christopher said Fremantle had more tourism and leisure infrastructure which had enabled the Western Australian precinct to prosper. The 1987 America’s Cup yachting race held off Fremantle had been a catalyst.
Linda Van Hooff, a sales consultant from Ouwens Casserly Real Estate who specialises in the beachside suburbs of Henley Beach and Grange, about 15 minutes from the Osborne shipyards, said prices had doubled for residential property in those two suburbs in the past 10 years.
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