Numbers of Businesses
There were 7388 businesses in the Hurstville local government area (LGA) as at June 2013. Average business turnover was $337.800.
Gross Regional Product
The estimated Gross Regional Product (GRP) of the Hurstville LGA for the year 2013/14 was $3.2 billion. In that period the local economy grew by 1.5% which was lower than the rate for NSW and Sydney (2.1%).
The largest contribution to the local economy was made by the Finance and Insurance Services Industry (14.8% on $469.5 million). Other significant sectors include Health Care and Social Assistance (7.8%), Construction (7.1%), Wholesale Trade (6.8%) and Manufacturing (6.5%).
The available residential labour force in the Hurstville LGA (including employed and unemployed persons) at the September Quarter 2014 was 43,492 people. In the same quarter there were an estimated 41,971 employed persons in the Hurstville LGA area and the unemployment rate was 3.5% which was the lowest level since 2008.
It is estimated that 24,116 people work in Hurstville LGA.
Hurstville experienced an annual increase of 17.1% for the median house sale price, and a 5.8% increase for the median unit sale price in the September Quarter 2014. In the same quarter, the median sales price for a house was $1,001,000 and the median unit sales price was $561,000.
The median weekly rent for a three bedroom house was $560 at the December Quarter 2014 and the median weekly rent for a two bedroom unit was $430.
The annual value of non-residential building approvals decreased by 63% to $24, 285,000 in the year to the December Quarter 2014.
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 Biz Scope Economic and Business Indicators May 2015.
For more detailed information about Hurstville’s population based on ABS Census data please visit: