Mo­tor­park helps drive cash splash

The Advertiser - - NEWS - ERIN JONES RE­GIONAL REPORTER

MUM and dad in­vestors are be­hind a spend­ing surge in the Coorong district, with the $110 mil­lion Bend Mo­tor­sport Park boost­ing lo­cal con­fi­dence.

NAB Quar­terly Cus­tomer Spend­ing Trends for the first quar­ter of this year re­veal the re­gion was one of Aus­tralia’s fastest-grow­ing coun­cil ar­eas for spend­ing growth at 13.5 per cent. The in­crease has been un­der­pinned by sev­eral high­pro­file in­vest­ments, among them the $200 mil­lion Equis En­ergy so­lar plant farm at Tailem Bend.

The NAB fig­ure is based on the spend­ing pat­terns of cus­tomers’ daily trans­ac­tions.

Coorong District Coun­cil chief ex­ec­u­tive Vin­cent Cam­mell said a core fo­cus over the past five years to drive eco­nomic de­vel­op­ment in the re­gion was fi­nally pay­ing off.

“We’re see­ing the rip­ple ef­fect, whereby lo­cal peo­ple can con­fi­dently in­vest in their own com­mu­nity, prop­er­ties and busi­nesses,” he said.

Aus­tralia’s top 10 re­gional coun­cil ar­eas for spend­ing growth in­cluded Nara­coorte/ Lucin­dale up 19.4 per cent, Roxby Downs up 17.1 per cent, Port Lin­coln up 13.2 per cent and Whyalla up 12.9 per cent.

Newspapers in English

Newspapers from Australia

© PressReader. All rights reserved.