WHY TO INVEST IN PARRAMATTA?

Talented employment sector

Parramatta has a diversified population and speaks international languages, which become a strategic strength for Parramatta to become a global city. There is a 185,000 workforce in Parramatta currently. This figure is expected to grow by 100,000 over the next 20 years.93% of Parramatta residents aged 15 or older are employed. 

The top three employing industry sectors were Health care and social assistance, employing 13,340 people;

Professional, scientific and technical services, employing 12,199 people;

Retail trade, employing 9,638 people.

Parramatta has a high Asian population when compared to Greater Sydney. The population is comprised of 20% Chinese, 16.7% English, 16% Australian, and 12.3% Indian.

Parramatta’s job profile is becoming more professional and corporate.  The three most popular occupations in Parramatta were:

• Professionals (33,772 people or 31.7%)

• Clerical and administrative workers (16,429 people or 15.4%)

• Managers (13,517 people or 12.7%)

Massive government fund and private fund injections to the area

Light rail The Parramatta Light Rail will connect Westmead to Carlingford via the Parramatta CBD and Camellia, transporting around 28,000 people every day to key destinations, new communities, and essential services. It is expected to open in 2023.

Metro West is a new underground metro railway that will connect the Parramatta and Sydney CBDs. The NSW Government has committed $6.4 billion over 4 years to the project. Stations including Westmead, Parramatta, Sydney Olympic Park, North Strathfield, Burwood North, Five Dock and The Bays have been determined so far and will bring an extra 420,000 people to move into the corridor between Greater Parramatta and Central Sydney over the next 20 years.

Powerhouse precinct: The powerhouse museum has been relocated to Parramatta. A new Museum of Arts and Applied Sciences will open on the River foreshore in Parramatta in 2025 as the new centre of arts, culture and innovation. It includes the newly relocated museum and a revamped riverside theatre.

Parramatta redevelopment: With $20 billion being invested in the City’s infrastructure and development over the next five years, the demand for corporate office space and residential living is rapidly increasing.27 buildings and developments are currently illustrated in the following map.

Parramatta square has become a world-class landmark in the heart of the Parramatta CBD. This is a $2.7 billion worth project, which is one of the largest urban renewal projects in the country consisting of 6 buildings.

A new aquatic and leisure centre is under construction in the centre of Paramatta park, which will provide 3 pools and a water playground to the public after the finish.