News
Issue No. 44 - December/January 2008
Walsh advocates urban renovation
Terry Walsh, appointed ED for the Urban Development Institute of Australa in SA in June, brings a wide business and educatioin background to his new role as the voice of reason in the debate over Adelaide’s metropolitan growth.
A consultant to manufacturers, Ernst & Young and others in various industries Terry co-founded GSI Consulting in 2001 to advise on strategy, leadership, teaming and business performance.
Now he works at UDIA (SA) four days per week and maintains a private client base as Director of Walsh Management.
UDIA represents the development industry, a broad range of development professionals who create value through property development from base land.
“As an industry association, we provide advice and education sessions to members to ensure the industry is
gaining extra value in each step of the development process, from turning land plots into titled allotments through to developing properties of various types,” Terry says.
The development industry develops significant wealth for South Australians; it contributes about 4.5% of GSP. UDIA research has found the SA development industry had a total turnover of $9.2 billion in 2004 05.
“(The research) showed the industry directly employed around 43,000 people – more than 7% of the state’s
total employment – paid more than $1.5 billion in wages and salaries and added $3 billion of direct value,” Terry says.
“In comparison, during the same period the automotive industry - the largest single manufacturing industry in SA - directly employed some 10,000 people, while the wine industry accounted for about 9000 people.
“Every million dollars of turnover generated by the development industry in SA creates $330,000 of direct value added, 4.5 jobs in the development industry and $15,000 in activity-based State taxes.”
UDIA develops and enunciates policy, identifying ways to assist the industry and the state’s planning and ...
