Local area profile for business

Redfern Street is one of Sydney’s most culturally, ethnically and economically diverse communities, heavily influenced by creative and small businesses. The distinct character of the area, which has traditionally been associated with a large Aboriginal and Torres Strait Islander community and significant number of public housing tenants, is changing rapidly due to a process of urban renewal and reactivation.

Due to the presence of part of The University of Sydney’s main campus within the village, a significant proportion of employment in the area is in the higher education and research sector.

There has also been growth in personal service industries such as retail and food and drink, as cafés, bars and restaurants spring up to serve the new group of higher income residents.

Chippendale also has a unique offering as an arts precinct. Looking to the future, growth in the village is expected to continue to be strong, driven by a continued process of urban revitalisation.

The economic profile summaries below link to more detailed information.  

Place

Redfern Street village covers the suburbs of Chippendale, Darlington, Eveleigh, and parts of Redfern, Waterloo, Alexandria, Erskineville, Newtown, Camperdown and Surry Hills.

The demographic profile of residents is very varied, with significant urban renewal projects bringing a large number of new residents into the village.

What do residents like about their village?

“The people, including local café/shop owners and the residents, their friendliness and ‘country community’ style and way of doing things … very trusting, open and helpful.”

“Completely diverse mix that works – artists, students, professionals, architects, scholars, working class, middle class, migrants, Aboriginal people, Anglo-Saxons.”

“Diverse, dirty/grungy, dangerous, fun, conveniently located.”

Source: City of Sydney Resident Consultations

Residents

Residents of the village are a diverse mix of cultures and incomes, which includes a long-established Aboriginal and Torres Strait Islander population, public housing tenants, academics and inner city professionals.

Although household incomes in the area are below average, they have been increasing in recent years due to an influx of wealthier residents.

Residents
Population (2014)* 22,222
Median Household Income (2011)** $63,510 (15.8% below Metro median)
Average Age (2011)** 37.4 (0.8% above Metro average)
*Estimate based on projections by id Forecast
**Census estimates

Businesses

The village contains a large number of businesses in creative and professional services industries, as well as personal service industries including food and drink and retail. All of these industries have experienced significant growth in recent years, as former industrial space is converted to offices, shops and dining establishments.

Employing Businesses
Employing Businesses (2012) 1,068
Top 4 Industries by Number of Employing Businesses Creative Industries (16.1%) Food & Drink (14.6%) Retail & Personal Services (12.0%) Professional & Business Services (12.0%)
Proportion of Employing Businesses with less than 20 Employees 87.1% (LGA average = 84.8%)

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

Workforce

The presence of The University of Sydney means that employment in the village is dominated by the higher education sector. Other significant employers are white-collar industries such as creative industries and professional and business services, meaning that worker incomes in the village are relatively high.

Workers
Workers (2012) 17,276
Top 3 Industries by Workforce Higher Education & Research (22.7%) Creative Industries (14.5%) Professional & Business Services (11.9%)

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

Visitors and customers

Visitation to the village varies depending on the location. The area around Broadway tends to have strong daytime visitation on weekdays due to the presence of students and shoppers. In contrast, the area around Redfern Street receives a higher level of visitation on weekends with visitors coming for the area’s cafes, restaurants and shops.

Future Outlook

Driven by an ongoing process of urban revitalisation, growth in both the resident and worker populations of the village is expected to be strong. This will provide a number of opportunities for new and existing businesses in the village.

Forecast Average Growth
2011–31
No. per annum per annum
Residents* 610 2.3%
Workers** 766 3.0%
*Source: id Forecast
**Source: NSW Bureau of Transport Statistics
Your village contacts
City of Sydney
Business Precinct Coordinator
Chippendale Creative Precinct
President: Nicky Ginsberg
 
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