An affordable place to do business
Adelaide is the nation’s most affordable capital city to conduct business. According to the National Centre for Social Economic Modelling’s 2013 Household Budget Report, it has the lowest cost of living of all Australian capital cities. Statistics suggest it costs 24 per cent more to live in Sydney, 21 per cent more to live in Melbourne, and nine per cent more to live in Brisbane and Perth.
More than two thirds of the people who live here have or are buying their own homes. The median price of houses sold in Adelaide (Domain Group, June 2015 quarter) was A$479,285, in comparison with A$1,000,616 in Sydney and A$668,030 in Melbourne. Private rental of houses and apartments is also comparatively more affordable, with median rents of $350 per week.
French migrant Christophe Zauner realised his dream of setting up his own business when he opened Hey Jupiter Café in the Adelaide CBD. Having lived in Melbourne for almost a decade, Christophe decided to relocate to Adelaide to build his business.
“We compared the cost of setting up a small café in capital cities across Australia,” said Christophe. “We chose Adelaide because it is the most affordable mainland Australian capital city.”
Christophe moved to Melbourne from France in 2000, and spent 10 years working in the hospitality industry before he and his partner Jacqui decided to move to Adelaide.
“The cost of opening a shop in South Australia is relatively lower, so I could finally set up my own cafe in Australia,” Christophe said.
“We can also afford to do more in this city, to open up a bigger café, to lease a larger property.”
Local food lovers have fallen in love with Christophe and Jacqui’s café, which specialises in French food and desserts. The café’s Facebook page now has more than 2000 followers.
To find out more about how to set up a small business in South Australia and the government support available, check the Department of State Development website.