Numbers of Businesses
There were 7628 businesses in the Hurstville local government area (LGA) as at June 2012. Average business turnover was $329.000.
Gross Regional Product
The estimated Gross Regional Product (GRP) of the Hurstville LGA for the year 2012/13 was $3.2 billion. In that period the local economy grew by 1.9% which was higher than the rate for NSW but lower than the rate for Sydney (2.1%).
The largest contribution to the local economy was made by the Finance and Insurance Services Industry (15.3%). Other significant sectors include Manufacturing (7.3%), Health Care and Social Assistance (7.2%) and Wholesale Trade (6.9%).
The available residential labour force in the Hurstville LGA (including employed and unemployed persons) at the September Quarter 2013 was 42,843 people. In the same quarter there were an estimated 41,246 employed persons in the Hurstville LGA area and the unemployment rate was 3.7% which was the lowest level since 2008.
As at March 2014, it is estimated that 25,336 people work in Hurstville LGA.
Hurstville experienced an annual increase of 11.4% for the median house sale price, and a 23.5% increase for the median unit sale price in the September Quarter 2013. In the same quarter, the median sales price for a house was $840,000 and the median unit sales price was $519,000.
The median weekly rent for a three bedroom house was $550 at the December Quarter 2013 and the median weekly rent for a two bedroom unit was $430.
The annual value of non-residential building approvals increased by 63% to $66million in the year to the December Quarter 2013.
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 March 2014.
For more detailed information about Hurstville’s population based on ABS Census data please visit:
Southern Sydney Regional Profile
The Southern Sydney Regional Profile explores the economy of the six LGA’s that make up the Southern Sydney Region (Hurstville, Bankstown, Canterbury, Kogarah, Rockdale and Sutherland Shire).
View Southern Sydney Regional Profile (1.68MB)