Green Square and City South

Green Square and City South

Local area profile for business

Green Square and City South is a dynamic growth area located in the southern part of the City of Sydney. This former industrial area is currently undergoing a rapid process of urban renewal, with a number of large scale apartment developments recently completed or under construction. Residents of this village tend to be young, working-age professionals, and there is a significant Asian-born population.

While transport and logistics remains the largest source of employment, the village is seeing rapid growth in service-related businesses, as trendy cafés and boutique retailers spring up to service the growing resident population. This rapidly evolving village presents significant opportunities for businesses of all types, and growth is only expected to continue in the future.

The economic profile summaries below link to more detailed information.  

Place

Green Square and City South is a village undergoing rapid change, as a process of urban regeneration converts former industrial land to high density residential uses. The village has a contrast of new and old buildings, as new apartment blocks rise above existing warehouse spaces.

What do residents like about their village?

“Our neighbourhood is made up of diverse communities. We all support each other and respect their cultures.”

“The history of the area and how we have kept some of it. This is what makes Waterloo and Green Square unique.”

Source: City of Sydney Resident Consultations

Residents

The Green Square urban regeneration process has seen a large influx of population into the village in recent years. Residents tend to have high household incomes and larger household sizes than the City of Sydney average. There is a significant Asian-born population in the village, including 10% of the population who were born in China.

Residents
Population (2014)* 23,615
Median Household Income (2011)** $96,725 (28.2% above Metro median)
% Born Overseas (2011)** 54% (Metro average = 36%)
*Estimate based on projections by id Forecast
**Census estimates

Businesses

Transport and logistics is the largest sector by number of businesses, which reflects the village’s light industrial history, and its location in close proximity to Sydney Airport and Port Botany. Reflecting the changing nature of the village, retail and personal services and food and drink are now the second and third largest sectors by number of businesses.

Employing Businesses
Employing Businesses(2012) 2,095
Top 3 Industries by Number of Employing Businesses Transport & Logistics (19.6%) Retail & Personal Services (14.5%) Food & Drink (9.3%)
Proportion of Employing Businesses with less than 20 Employees 85.4% (LGA average = 84.8%)

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

Workforce

The largest sector by employment is transport and logistics, followed by manufacturing and ICT. Although these sectors have all reduced in size, they still represent a key source of employment in the village, despite the urban renewal process.

Workers
Workers (2012) 27,949
Top 3 Industries by Workforce Transport & Logistics (21.9%) Manufacturing (12.9%) ICT (10.3%)

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

Future Outlook

The resident population of Green Square and City South is forecast to grow very rapidly over the next 2 decades at an average rate of 1,700 people per year, or 5.1%. To service this substantial population, a significant amount of new community infrastructure is being planned and under development, most notably the Green Square Town Centre.

Forecast Average Growth
2011–31
No. per annum per annum
Residents* 1,703 5.1%
Workers** 432 1.2%
*Source: id Forecast
**Source: NSW Bureau of Transport Statistics
Your village contacts
City of Sydney
Business Precinct Coordinator
South Sydney Business Chamber
President: Mary Lynne Pidcock
  • PO Box 3299
    Redfern NSW 2016
  • 02 8284 7716 or 0419 657 888
  • Email

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