Why invest?

Two business men outside Westpac Bank in Parramatta

The business case for Parramatta is a compelling one.

Strategic business location

  • Parramatta is the geographical centre of Sydney, located at the crossroads of east and west. It is only a 30 minute train ride form the Sydney CBD
  • It is part of the Greater Parramatta and the Olympic Peninsula (GPOP) - a 4,000 hectare area in Greater Sydney
  • The new priority growth area is home to a broad range of industries including finance, healthcare, education, property, retail and business services  

 Strong economy

  • Parramatta has a diverse economic base across a broad range of sectors
  • Its Gross Regional Product (GRP) continues to grow at a steady year-on-year average rate of over 2% per annum, totaling $17.12b at the of the 2014/2015 financial year

 High-skilled workforce

  • The residential population of Parramatta is highly educated
  • A greater proportion of the population has received a bachelor or higher degree than across Greater Sydney
  • It has the highest concentration of Indian-born (8.2%) and Chinese (6.8%) than the Greater Sydney average
  • It is a city that is educating the workforce of tomorrow with a broad offering of secondary and tertiary institutes

Cost-effective office market

  • A-grade office space is at historical low levels 
  • Commercial developments are occurring in the CBD to alleviate the demand of businesses looking to make the move

Connectivity

  • The city is already easily accessible by rail, bus, ferry, and car
  • It will benefit from a new light rail, fast train connection between CBDs, Western Sydney Airport at Badgery's Creek and the Westconnex Road project

Cultural appeal

  • The city is home to a range of exciting cafes, restaurants, bars and hotels
  • Other venues such as Riverside Theatre, Sydney Olympic Park, Parramatta Park and Rosehill Gardens broaden its cultural appeal

Read our Parramatta Magazine to find out more about Australia's next great city.