CANTERBURY BANKSTOWN Draft Employment Lands Strategy February 2020 Contents 1.0 Executive summary ................................................................................... 13 Introduction .................................................................................................................. 13 Strategic policy context ................................................................................................. 13 Economic indicators ...................................................................................................... 14 Industry trends and drivers ........................................................................................... 15 Key employment anchors ............................................................................................. 16 Overall employment outlook ........................................................................................ 16 Vision ............................................................................................................................. 16 Strategies to deliver jobs growth .................................................................................. 17 2.0 Introduction .............................................................................................. 19 Purpose ......................................................................................................................... 19 Study area ..................................................................................................................... 19 Report structure ............................................................................................................ 20 3.0 Strategic policy context ............................................................................. 23 State policy context....................................................................................................... 23 Greater Sydney Region Plan ............................................................................ 23 South District Plan ........................................................................................... 24 The metropolis that works .............................................................................. 25 Draft Sydenham to Bankstown Urban Renewal Corridor Strategy 2017 ........ 26 NSW Freight and Ports Plan ............................................................................ 29 Local policy context ....................................................................................................... 30 Canterbury Bankstown Council’s Community Strategic Plan, CBCity 2028 .... 30 Canterbury Road Review, July 2017 ................................................................ 31 Bankstown CBD and Bankstown Airport Collaboration Area .......................... 32 Bankstown Airport 2019 Preliminary Draft Master Plan ................................ 32 Former City of Bankstown Economic Development Strategy 2014-17 ........... 33 Former City of Bankstown Employment Lands Strategy 2009 ........................ 34 Former City of Canterbury Economic Development and Employment Strategy 2009 .................................................................................................. 34 Planning controls overview ........................................................................................... 36 Local Environmental Plans .............................................................................. 36 Development Control Plans ............................................................................ 36 Preliminary analysis ........................................................................................ 37 Implication and opportunities....................................................................................... 38 Transport infrastructure ................................................................................. 38 New and changing employment anchors ....................................................... 39 Repositioning Bankstown CBD ........................................................................ 40 Jobs targets ..................................................................................................... 41 4.0 Demographic context ................................................................................ 43 Resident population characteristics .............................................................................. 43 Resident population and age composition ..................................................... 43 Qualifications .................................................................................................. 44 Field of qualifications ...................................................................................... 45 Household and individual incomes ................................................................. 46 Population projections .................................................................................................. 48 Dwelling characteristic .................................................................................................. 49 Dwelling typology ............................................................................................ 49 Tenure ............................................................................................................. 50 Average rents .................................................................................................. 50 Residential employment ............................................................................................... 51 Workforce participation .................................................................................. 51 Industry of employment ................................................................................. 51 Employment self-containment rate ................................................................ 53 Key findings ................................................................................................................... 55 5.0 Economic context ...................................................................................... 57 Gross Regional Product (GRP) ....................................................................................... 57 Value added by industry ................................................................................. 58 Industry specialisation .................................................................................... 62 Businesses counts ......................................................................................................... 62 Business by industry sector ............................................................................. 62 Businesses growth over time .......................................................................... 65 Employment characteristics .......................................................................................... 68 Employment generation by industry .............................................................. 68 Industry growth over time .............................................................................. 69 Key findings ................................................................................................................... 73 6.0 Industry trends and drivers ........................................................................ 75 Knowledge intensive sector .......................................................................................... 75 Increased demand for knowledge intensive jobs ........................................... 75 A global market ............................................................................................... 76 Boom of the flexible workspace industry ....................................................... 76 Population serving sector ............................................................................................. 77 Retail and Commercial Uses............................................................................ 77 New format supermarkets .............................................................................. 78 Better designed eating experiences ................................................................ 79 Out-of-centre retailing .................................................................................... 79 Driverless cars and retail ................................................................................. 80 Health and education sector ......................................................................................... 80 Automation and the drive for education ........................................................ 80 Lifelong learning .............................................................................................. 82 Higher education institutions .......................................................................... 82 The opportunity of ageing............................................................................... 82 Industrial sector ............................................................................................................ 83 Demand for industrial floorspace ................................................................... 83 Transport and logistics .................................................................................... 84 Aviation ........................................................................................................... 86 Growth in high-tech manufacturing...............................................................