City economic insights
A snapshot that explores emerging economic and business trends and seeks to understand their longer-term impacts on the city.
Published

These periodic studies show how people use, visit and spend in the city.
Takeaways
- Consumer spend was strong in November after a subdued winter. Over the last year, the largest local spend categories were dining ($3.31 billion), specialised and luxury goods ($2.19 billion) and vehicles, freight and other transport ($1.39 billion).
- Median weekly rent in the City of Sydney local area has risen over the past 3 years, with units outpacing townhouses. Accelerated delivery of new dwellings is forecasted, which may help contribute to easing housing pressures.
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The tourism sector has continued to recover throughout the year. Overseas arrivals for the year to September 2024 were up 23.8% from the previous year. International visitors are also staying longer and spending more when visiting Sydney.
City insights – December 2024PDF · 210.24 KB · Last modified