King Street

King Street

Local area profile for business

King Street village in the suburb of Newtown is a unique community and melting pot of people from different social, cultural and economic backgrounds.

The University of Sydney and Royal Prince Alfred Hospital represent major components of the local economy.

The village is home to the vibrant and ever evolving King Street shopping and dining precinct and Sydney Park.

Public transport is a strength of the village with several train stations and bus routes providing access to the city centre and wider region.

View the visitor score card for the area.

The economic profile summaries below link to more detailed information.

Place

The village is located towards the south-west of the City of Sydney and includes part of the suburbs of Newtown, Camperdown, Erskineville and Alexandria. There is a mix of housing including older terraces and newer apartment buildings around The University of Sydney and Sydney Park.

The village boasts a strong community with regular festivals and events that allow local businesses to become part of the community.

What do residents like about their village?

“Bustling commercial strip and mix of people openly expressing themselves.”

“It’s very diverse – hippies, goths, greenies, young families, university students, gay/lesbian/queer, hospital employees, old codgers. The tolerance and progressive attitudes of residents.”

Source: City of Sydney Resident Consultations

Residents

The village is home to a diverse range of residents from different social and cultural backgrounds including students, professionals, young families and retirees.

The large number of young professionals and students living in the area means the village has a median age well below the City of Sydney and Greater Sydney median age.

Residents
Population (2018)*23,472
Median Weekly Household Income (2016)**$2,132
Median Age (2016)**31

*Estimate Resident Population generated by id
**2016 ABS Census of Population and Housing

Businesses

The King Street village economy is driven by small businesses, with a large number of food and drink, and retail operations along King Street. This reflects the vibrancy of King Street as a diverse dining and shopping strip. The University of Sydney and Royal Prince Alfred Hospital also drives the presence of a number of local businesses in the area supporting the health and education sectors.

Employing Businesses

Employing Businesses (2017)

759

Top 3 Sectors by Number of Employing Businesses

Food & Drink (27%) Retail & Personal Services (18.8%) Higher Education & Research (9%)

Proportion of Employing Businesses with less than 20 Employees

88.8%

Source: Floor Space and Employment Survey, 2017 – City of Sydney

Workforce

The Higher Education and Research and Health Sectors represent over 70% of employment in the village area with the University of Sydney and Royal Prince Alfred Hospital being major employers. There are also a significant number of food and drink, retail and business service workers located along King Street.

Workers
Workers (2017) 15,499
Top 3 Sectors by Number of Workers Higher Education & Research (42.2%) Health (29%) Food & Drink (7.3%)

Source: Floor Space and Employment Survey, 2017 – City of Sydney

Visitors and customers

King Street is widely regarded as one of the most diverse dining precincts in Sydney with a vibrant nightlife of pubs and bars. As a result, the village attracts a large number of visitors from throughout Sydney, mixing with local residents and University of Sydney students.

Future Outlook

King Street village is forecast to record steady population growth as a result of the major urban renewal project in the Ashmore precinct. It is expected that the precinct will be home to around 6,000 residents by 2025.

Employment is also projected to grow over the next 20 years with the Royal Prince Alfred Hospital and the University of Sydney likely to generate further jobs.

Forecast Average Growth
2016–36
Average annual change
Residents* 1.7%
Workers** 1.6%

*Source: id Population Forecast
**Source: City-based estimates

Your village contacts
City of Sydney
Business Precinct Coordinator

Newtown Precinct Business Association
President: Richard Adamson

  • 404 King St,
    Newtown NSW 2042
  • 0450 900 381
  • Email – President
  • Email – Coordinator

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.

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Downloads
King Street visitor score card PDF 214.3 KB Download

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Last updated: Monday, 10 February 2020