800 people in the space sector in South Australia, Adelaide was chosen for the headquarters of a new Australian Space Agency. The agency opened its in 2020. It is working to triple the size of the Australian space industry and create 20,000 new jobs by 2030. Defence industry Adelaide is home to a large proportion of Australia's defence industries, which contribute over A$1 billion to South Australia's Gross State Product. The principal government military research institution, the Defence Science and Technology Organisation, and other defence technology organisations such as BAE Systems Australia and Lockheed Martin Australia, are north of Salisbury and west of Elizabeth in an area now called "Edinburgh Parks", adjacent to RAAF Base Edinburgh. Others, such as Saab Systems and Raytheon, are in or near Technology Park. ASC Pty Ltd, is based in the industrial suburb of Osborne and is also a part of Technology Park. South Australia was charged with constructing Australia's s and more recently the A$6 billion contract to construct the Royal Australian Navy's new air-warfare destroyers. Employment statistics , Greater Adelaide had an unemployment rate of 7.4% with a youth unemployment rate of 15%. The median weekly individual income for people aged 15 years and over was $447 per week in 2006, compared with $466 nationally. The median family income was $1,137 per week, compared with $1,171 nationally. Adelaide's housing and living costs are substantially lower than that of other Australian cities, with housing being notably cheaper. The median Adelaide house price is half that of Sydney and two-thirds that of Melbourne. The three-month trend unemployment rate to March 2007 was 6.2%. The Northern suburbs' unemployment rate is disproportionately higher than the other regions of Adelaide at 8.3%, while the East and South are lower than the Adelaide average at 4.9% and 5.0% respectively. House prices Over the decade March 2001 – March 2010, Metropolitan Adelaide median house prices approximately tripled. (approx. 285% – approx. 11%p.a. compounding) In the five years March 2007 – March 2012, prices increased by approx. 27% – approx. 5%p.a. compounding. March 2012 – March 2017 saw a further increase of 19% – approx. 3.5%p.a. compounding. In summary: Each quarter, The Alternative and Direct Investment Securities Association (ADISA) publishes a list of median house sale prices by suburb and Local Government Area. (Previously, this was done by REISA) Due to the small sizes of many of Adelaide's suburbs, the low