Greater Parramatta and the Olympic Peninsula the Future Made Here About Sydney and New South Wales

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Investment Prospectus Greater Parramatta and the Olympic Peninsula The Future Made Here About Sydney and New South Wales

New South Wales (NSW), with Lismore New England and its iconic capital city of Sydney, North West About Australia is Australia’s most populous North Coast Armidale state and largest economy. Far West Tamworth A cosmopolitan and regional Central West Port Macquarie The Australian economy has outperformed the country's peers for more than two decades. Now in its and Orana powerhouse, the state seamlessly Broken Hill 28th year of consecutive growth, Australia's economic resilience and strength are unsurpassed among Hunter blends business strength, access Dubbo major advanced economies. The nation offers a smart, multicultural workforce with an enterprising mindset Newcastle to Asia, and one of the world’s and the skills to drive innovation and grow international business. Central Coast most enviable lifestyles. Boasting Sydney Gosford Australia prides itself on stable institutions and good governance, making it one of the safest places in a AAA credit rating, NSW is Greater Sydney the world to do business. It boasts a globally integrated economy that plays a key role in shaping Asia's experiencing Australia’s largest Riverina Murray Wollongong dynamic economic future. infrastructure boom and is home Wagga Wagga Illawarra-Shoalhaven Canberra There is no better business partner than Australia. to a highly skilled, innovative and (ACT) South East and Tablelands creative workforce.

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NSW is Australia’s leading source of highly skilled and diverse talent

ABOUT NSW: Sydney is No. 1 in the NSW is home to three Asia Pacific and No. 3 of Australia’s top globally for top 100 five highest-ranked Capital city: Sydney ranked universities research universities Australia NSW 8.0 million population: NSW is Australia’s most innovative state with a strong culture of Sydney 5.2 million entrepreneurship New South Wales population: (NSW) Sydney is the 2nd NSW is the startup NSW time highest-ranked city capital of Australia, Sydney GMT +10:00 zone: in the Asia–Pacific home to more than region for innovation 40% of all startups Sub-tropical and Climate: Mediterranean

Sydney summer NSW is Australia’s most secure and liveable place to do business temperature 18–27 °C average: Sydney is the NSW is set to deliver on th highest-ranked the biggest infrastructure 28 years of 2.3% economic growth, 5 largest economy Sydney winter capital city in program in Australian uninterrupted one of the highest in the Asia–Pacific region temperature 7–18 °C industrial economic Australia for history, with a A$87.2 billion economic growth average: growth rates for quality of life pipeline of projects developed countries globally Coastline: 2,007 kms NSW is Australia’s largest market Official English language: 14th largest economy Ranked No. 1 smartest AAA credit rating NSW is home to The state is Australia’s in the world country in the Asia Higher in credit quality 8.0 million people, largest economy: Australian Pacific and th4 smartest than the US, UK, France, Currency: more than Singapore A$600 billion, larger country in the world Japan, Hong Kong, dollars (AUD) and Hong Kong than Malaysia, Singapore Republic of Korea and and Hong Kong Major New Zealand international Sydney Airport airport: Front cover image courtesy of Greater Sydney Commission. 2 3 GPOP industry breakdown Office rental—2018

25% ) $1,000 ear

20% $800 per y 2 $600 15%

ent ($ /m $400 r ce 10% $200 Net fa $0 5% Parramatta Olympic Park Sydney CBD

Source: Colliers International.

0% g g g s n e g s s s s s s g s s o d de n n ce in in in ice ti a in ice ce ice ce ice i ice ce h in r c ra r s fety an is tu rv u v atio rvi rv rvi a in rv rvi f M c ru e t il t o er e e erv s ra ist e e a se l h ic se s d t d f st ta e s s l s t n ss s r s n u te n sa e un te r a n e a n le R ar od a o a nd a as Co o w m nce ica p n a al th fo m ra st n o n ci atio stry M w d d u e h ti o O d Wh n co s c sup io re re n e al te ra at s c a l an a l in re d st c d re r a n te d d n i u n , fo e st io n d n a in a d re o d a Ed n at at n an m re a ltu w , p a al a g fic tive d a s u , rt od ci n ti a c rt Average annual business council rates 2016–17 m ia n ra ric as o a iri en st lic lth A p m ed i i b a , g o in , h c u Ag y ns c m F l s in e it a n ta l, m P H c Tr Ac o n a i n Ad tri at Re c sio le rm E fo In ofes Pr $12,000 GPOP Sydney CBD Greater Sydney 17 / $10,000

Source: Census of Population and Housing, 2016, TableBuilder Pro. Data extracted on 25 January 2018. $8,000 e 2016 The dominant industries and prime opportunities for investment in the GPOP economic corridor are health $6,000 care, financial services and retail trade. There is also significant opportunities for businesses in manufacturing, construction and professional services. $4,000

For businesses, GPOP is an attractive place to operate due to the lower cost of doing business compared with the Business Rat $2,000 Sydney CBD. GPOP has lower business council rates, and office rental costs in Parramatta and Olympic Park are almost 50% lower than in the CBD. $0 Sydney City Council Greater Sydney GPOP

Source: Office of Local Government.

4 5 How we can help

The New South Wales We can provide: Government is committed to • market intelligence and investment opportunities realising its vision for GPOP and is eager to work with local • support for business case development and global partners to achieve • identification of suitable investment locations this goal. There are a number of and partners in NSW ways we can support and assist • facilitation of familiarisation visits to NSW partners looking to establish, innovate and grow. • advice on NSW government programs and approval processes Our dedicated Investment • connections with government contacts and the Concierge team works with local business network. experts across all levels of government (local, state and federal) and business networks to provide customised information for businesses. This service is free and confidential.

You may also be eligible for a range of incentives. Get in touch with our Investment Concierge to find out more.

To find out more about the opportunities in GPOP and to get involved, contact us now:

New South Wales Investment Concierge: T: +61 2 8222 4888 E: [email protected]

We also have New South Wales investment teams in China, India, Indonesia, Malaysia, Japan, Korea, Singapore, United Arab Emirates, United Kingdom and the United States of America.

Find contact details at: www.invest.nsw.gov.au/contact-us/international

6 7 The Future Made Here

T: +61 2 8222 4888 W: invest.nsw.gov.au

The information contained in this publication is based on knowledge and understanding at the time of writing (June 2019). However, because of advances in knowledge, users are reminded of the need to ensure that the information upon which they rely is up to date and to check the currency of the information with the appropriate officer of the Department of Industry or the user’s independent adviser.

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