Adelaide is the capital city of South Australia and the fifth-largest city in Australia. According to the 2011 census, Adelaide has a population of 1.23 million. The demonym "Adelaidean" is used in reference to the city and its residents. Named in honour of Adelaide of Saxe-Meiningen, queen consort to King William IV, the city was founded in 1836. Colonel William Light, one of Adelaide's founding fathers, designed the city and chose its location close to the River Torrens in the area originally inhabited by the Kaurna people.
As South Australia's seat of government and commercial centre, Adelaide is the site of many governmental and financial institutions. Most of these are concentrated in the city centre along the cultural boulevard of North Terrace, King William Street and in various districts of the metropolitan area. Today, Adelaide is noted for its many festivals and sporting events, its food, wine and culture, its long beachfronts, and its large defence and manufacturing sectors. It ranks highly in terms of liveability, being listed in the Top 10 of The Economist's World's Most Liveable Cities index in 2010 and being ranked the most liveable city in Australia by the Property Council of Australia in 2011 and again in 2012.
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