Chinatown and CBD South

Chinatown and CBD South

Local area profile for business

The bustling village area of Chinatown and CBD South is one of the most centrally located and accessible in the City of Sydney.

The multicultural atmosphere of the area is enhanced by a significant number of overseas-born residents, including significant Chinese, Korean and Indonesian communities.

There is also a large student population due to the close proximity of many major educational institutions.

The busy streets of Chinatown and Darling Harbour waterfront are home to numerous retail and dining businesses, along with significant entertainment facilities and tourist attractions.

Due to its central location, the village attracts a large population of well-paid office workers, and is also a significant location for tourism activity.

The economic profile summaries below link to more detailed information.

Place

Chinatown and CBD South is centrally located within the City of Sydney, covering the suburb of Haymarket.

The area is characterised by high-rise apartment buildings and office towers, however open space is also provided in local parks and around Darling Harbour.

Its central location and significant public transport infrastructure make it one of the most accessible areas in the City of Sydney.

What do residents like about their village?

  • Proud of its culture and traditions and wanting to share it with the rest of Sydney.
  • Friendly, multicultural, many shops locally, a lot of transport.
Source: City of Sydney Resident Consultations

Residents

Residents live almost exclusively in apartment buildings, a significant number of which are student accommodation buildings.

The large number of students in the area means that the village has a below average age and income profile.

Residents
Population (2014)* 17,906
Median Household Income (2011)** $61,372 (18.7% below Metro median)
Studying at Uni/TAFE (2011)** 31% (LGA average = 17%)

*Estimate based on projections by id Forecast
**Census estimates

Businesses

There are a significant number of food and drink, and retail businesses located in the bustling streets of Chinatown and the Darling Harbour tourism and entertainment precinct. Larger professional service firms also have a significant presence.

Employing Businesses
Employing Businesses (2012) 2,898
Top 3 Industries by Number of Employing Businesses Food & Drink (20.1%) Retail & Personal Services (19.6%) Professional & Business Services (16.9%)
Proportion of Employing Businesses with less than 20 Employees 88.3% (LGA average = 84.8%)

Source: Floor Space and Employment Survey, 2012 – City of Sydney

Workforce

The village has a large workforce, predominantly in the finance and professional services sectors, due to its city centre location. The prevalence of these white-collar professions means that average worker incomes are high, and this supports a number of local businesses in the village.

Workers
Workers (2012) 59,170
Top 3 Industries by Workforce Finance & Financial Services (18.0%) Professional & Business Services (13.5%) Government (11.5%)

Source: Floor Space and Employment Survey, 2012 – City of Sydney

Visitor and customers

Visitation to the village is highest on weekday evenings, driven by diners and workers having after-work drinks. The significant supply of tourist accommodation and attractions within the village mean that this market segment is also a significant contributor to the village economy.

Visitors
Hotel Rooms

4,612 (23% of LGA total)

Serviced Apartments

1,614 (32% of LGA total)

Backpacker Beds

2,185 (35% of LGA total)

Source: Floor Space and Employment Survey, 2012 – City of Sydney

Future Outlook

Continued development in the village will underpin future growth in the resident population and workforce. Significant infrastructure projects will also improve accessibility and drive further visitation through new attractions.

Forecast Average Growth
2011–31
No. per annum per annum
Residents* 360 2.2%
Workers** 558 1.1%
*Source: id Forecast
**Source: NSW Bureau of Transport Statistics
Your village contacts
City of Sydney
Business Precinct Coordinator
Haymarket Chamber of Commerce
President: Simon Chan
  • PO Box 20702
    World Square NSW 2002

Disclaimer

This information has been compiled from various sources. The publisher and contributors accept no responsibility for any injury, loss or damage arising from the use, error or omissions therein. While all care is taken to ensure a high degree of accuracy, users are invited to notify the City of Sydney of any discrepancies. No part of this information, including maps or data, may be reproduced without written permission.

Last updated: Tuesday, 16 June 2015