Located about an hour from Sydney and Newcastle, the Central Coast offers a coastal lifestyle, a CBD hub in Gosford, a strategic position for business logistic operations and a mobile workforce. Key industries include manufacturing, retail, and accommodation and food services.
The region offers connectivity to key labour and consumer markets and a viable alternate business and residential location to Sydney. A high proportion of residents 18% commuting to Sydney and 5% to the Hunter region.
More than half of the Central Coast is made up of national parks, state forest, bush land, open space, nature reserves,beaches and waterways, with 80km of coastline. Tourism is worth around $880 million a year to the region.
It primarily attracts Sydneysiders, who, in 2013, made up about 62% of overnight domestic visitors.
The Central Coast also attracts retirees and families, mainly from Sydney. Population growth has been high and is expected to continue, reaching an estimated 386,900 by 2031. The region is also expected to experience a substantial increase in the aged population.
Compared to Regional NSW, the Central Coast has higher than average labour participation rates and the working age population has higher tertiary qualification rates.
There is potential for the region to further leverage its competitive advantages as it continues to grow.
These include a strong and skilled labour force, a growing population, close ties to metropolitan Sydney and Newcastle, connectivity to transport infrastructure and access to high speed fibre internet, and an attractive natural environment and coastal lifestyle.
In 2013, the Central Coast generated $10.8 billion in Gross Regional Product (GRP), representing 8% of Regional NSW's total GRP.
Download the Central Coast Economic Profile