METROPOLITAN ADELAIDE INDUSTRIAL LAND STRATEGY

386 Dr McFETRIDGE (Morphett) (18 February 2008). What is the total value of land that will be sold and acquired, respectively, under the Metropolitan Adelaide Industrial Land Strategy?

The Hon. K.O. FOLEY (Port Adelaide—Deputy Premier, Treasurer, Minister for Industry and Trade, Minister for Federal/State Relations): The Minister for Urban Development and Planning has provided the following information:

The Metropolitan Adelaide Industrial Land Strategy was established to monitor the supply and utilisation of industrial land. The key objectives of the Industrial Land Strategy are:

Objective 1: Provide a rolling 400-600 hectare supply of development-ready industrial land in Metropolitan Adelaide.

Objective 2: Identify a rolling 15-year industrial land bank

Objective 3: Monitor industrial land supply, demand and utilisation

Objective 4: Review the Strategy, Assessment Framework and regulatory controls.

The information sought on the total value of land to be sold and acquired does not fall within the ambit of the Industrial Land Strategy. This information is not collected within Planning SA. The land identified in the Industrial Land Strategy is in various locations, varies significantly in quality and value and would be utilised over an extended period and then be subject to various forces of demand. It is doubtful whether such data, even if assembled, would have any practical application.

In 2006 and 2007 some data on 5 yearly land sales and values per square metre in different localities was collected and used for comparative purposes to gauge the Metropolitan Adelaide’s competitiveness, particularly with industrial land in Melbourne. Industrial land in Metropolitan Adelaide continues to remain more than competitive with that in Melbourne. This information has been made available to both the public and private sectors in this State.