Numbers of Businesses
There were 7769 businesses in the Hurstville local government area (LGA) as at June 2015. Average business turnover was $354,500.
Gross Regional Product
The estimated Gross Regional Product (GRP) of the Hurstville LGA for the year 2014/15 was $3.7 billion. In that period the local economy grew by 6.6% which was higher than the rate for Sydney (2.6%) and NSW (2.4%).
The largest contribution to the local economy was made by the Finance and Insurance Services Industry (15.7% on $577.3 million). Other significant sectors include Health Care and Social Assistance (6.4%), Construction (8%), Retail (6%) and Manufacturing (6.3%).
The available residential labour force in the Hurstville LGA (including employed and unemployed persons) at the December Quarter 2015 was 46,307 people. In the same quarter there were an estimated 44,237 employed persons in the Hurstville LGA area and the unemployment rate was 4.5%.
It is estimated that 26,615 people work in Hurstville LGA.
Hurstville experienced an annual increase of 16.9% for the median house sale price, and a 8% increase for the median unit sale price in the September Quarter 2015. In the same quarter, the median sales price for a house was $1.2 million and the median unit sales price was $621,000.
The median weekly rent for a three bedroom house was $550 at the December Quarter 2015 and the median weekly rent for a two bedroom unit was $450.
The annual value of non-residential building approvals increased by 496% to $144.8 million in the year to the December Quarter 2015.
Hurstville Railway Station was the 12th busiest station in the Sydney Trains network in 2012. As at the 2011 Census 82% of households in the Hurstville LGA own at least one car with an average of 1.5 vehicles per dwelling.
For more detailed information about the local economy please see the Hurstville Biz Scope May 2016 (1.32MB).
For more detailed information about Hurstville’s population based on ABS Census data please visit: