Adelaide is hosting a strong IM event, as well as a couple of junior tournaments for up and coming players.
The Australian Young Masters is being held at Adelaide Uni, and is offering IM norms in the top section. GM Adrien Demuth (FRA) is the top seed, with IM Kanan Izzat, FM Li Tian Yeoh, and FM Ziangyi Liu making up the overseas contingent. However it is IM James Morris (AUS) who leads the event with 3.5/4. He is being closely followed by FM Liu on 3.0, with IM Bobby Cheng the only other player above 50%. Results for this event are being posted here.
Alongside this event are the Junior Masters, and Junior Masters Under 1600 tournaments. These events have just begun (2 rounds today), so it is too early to predict a winner.