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The business case for Parramatta is a compelling one.
Strategic business location
(Back to top)- 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
(Back to top)- 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, totalling $17.12b at the of the 2014/2015 financial year
High-skilled workforce
(Back to top)- 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
(Back to top)- 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
(Back to top)- 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
(Back to top)- 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