Sydney districts have been powering one quarter of Australia’s economic growth, for the last financial year. All eyes are on Western Sydney – home to over 21% of Greater Sydney’s population and generating 18% of its jobs. It also powers 18% of Greater Sydney’s economic activity.
In the past 20 years, the number of jobs in Western Sydney has doubled. Today, the four main industry sectors include health and education (87%), knowledge-intensive jobs (71%), population-serving (61%), and industrial (175%). Finance and insurance are also hot jobs in the district. The dominance of health and education match the areas’ accessibility to health and education institutions.
Moving forward, it’s anticipated that the new Parramatta Square development will push job growth in public administration. Because the share of industrial roles in the west is higher than Greater Sydney, there’s an opportunity to look at ways to leverage the district’s ‘economic assets and investment opportunities’ to continue the momentum of the knowledge-intensive economy. Read More