Australia's third largest economy, Western Sydney, is a strong, growing and diverse region within the global city of Sydney. Western Sydney’s population of over 2 million is forecast to reach over 2.9 million by 2031.
The region’s labour force is relatively young in age and the most culturally diverse in Australia.
The largest infrastructure rollout in Australia's history is underway in Western Sydney. This includes the construction of Western Sydney Airport at Badgerys Creek and major capital works to improve road and rail capacity.
Western Sydney’s Gross Regional Product (GRP) of $102.3 billion in 2014/15 is around one third of Sydney's GRP. Western Sydney is traditionally strong in manufacturing – the region’s major industry sector in terms of GRP. Financial and insurance services sector is the second most significant industry.
Parramatta is Sydney’s second CBD, is in Western Sydney. The regional centres of Liverpool, Penrith and Campbelltown are a major focus for jobs and services within the region.
Western Sydney Airport
Western Sydney Airport, Sydney’s second airport will open by the mid-2020s, delivering more jobs and world class connections to Western Sydney. The airport is expected to generate around 20,000 direct and indirect jobs by the early 2030s. As the airport grows, more jobs will be generated. The Western Sydney Airport will begin operations in 2026.
Western Sydney Aerospace and Defence Industries Precinct
The NSW Department of Industry is developing the Western Sydney Aerospace and Defence Industries Precinct, a world-class aerospace and defence industries hub, adjacent to the future Western Sydney Airport (WSA). The development of the precinct will capitalise on significant investments by the Commonwealth Government — $5.3 billion over 10 years — created by the once in a generation opportunity of the new airport. Read more about investment opportunities in the precinct.
Western Sydney Employment Area
The Western Sydney Employment Area (WSEA) will be the single largest new employment space in NSW.
The NSW Government established WSEA to provide new land for industry and employment, including transport and logistics, warehousing and office space. It will provide businesses access to roads and utility services close to Western Sydney Airport.
It is expected that WSEA will provide more than the 57,000 jobs over the next 30 years, and 212,000 jobs are forecast for the longer term.
Western Sydney is set to become Australia’s innovation capital.
Western Sydney University’s Innovation Corridor strategy is designed to optimise planning, infrastructure and investment commitments, drive the development of commercial and research hubs, and ensure growth of business and high skilled jobs. The corridor stretches from Hawkesbury to Campbelltown, includes Western Sydney Airport and the North-West and South-West growth centres.
Sydney Science Park – within the Innovation Corridor – will be a multi-billion dollar mixed use business centre which will bring together industry, education, research and investment. Covering over 280 hectares, the Park will include centres of excellence in food and agribusiness, energy and health.
Westmead is Australia’s largest health services precinct. It can potentially become a world-leading health and medical innovation hub through partnerships between leading health, education and medical research institutions and health technology enterprises.
Connectivity – road, rail, air and sea
Western Sydney’s road network is undergoing major upgrades. $3.6 billion in Federal and State government funding in road improvements will support integrated transport in the region and capitalise on the economic benefits from Western Sydney Airport.
Stage one of the West Connex Motorway project, the widening of the M4 Motorway between Parramatta and Homebush will be complete in 2017.
Australia’s biggest public transport project – Sydney Metro – will transform the city’s rail network with the first fully-automated trains. Stage one Sydney Metro Northwest, will open in 2019. Stage two is due for completion in 2024 and will extend the network from the CBD to South West Sydney.
Port Botany is the largest shipping container handling facility in NSW. Intermodal freight terminals at St Marys and Moorebank are in planning stages and will provide direct rail access to Port Botany.
Attractions include the world heritage listed Greater Blue Mountains, historic sites, parklands and botanic gardens, Wet'n'Wild water park and Featherdale Wildlife Park. Planning is underway for a new high-tech zoo – Sydney Zoo – to establish near Blacktown.
Numerous sporting and cultural events are on offer along with restaurants offering cuisines from across the globe.
Western Sydney continues to offer better value to business owners, home buyers and renters, in comparison to Sydney. In December 2015 the median house price in Parramatta was $938,000 compared to $1,418,000 in Sydney.
Find out more about the great work businesses are undertaking in Western Sydney in these case studies.
The Western Sydney procurement toolkit has been developed to assist Western Sydney businesses to identify supply opportunities and increase their knowledge of requirements to tender.
Download the toolkit [3MB] for more information.