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Macarthur Regional Organisation of Councils

Camden, Campbelltown, Wollondilly

 

Business Investments Buoy Up Sagging Demand

MEDIA RELEASE

MACROC is the affiliation of the Macarthur Region's three local government bodies, Wollondilly, Camden and Campbelltown City.

MACROC publishes every quarter the Macarthur Economic Profile to keep businesses and residents informed of current economic conditions and emerging trends in the Macarthur region.

The September 2006 issue of the Macarthur Economic Profile shows a deteriorating unemployment situation with the number of people unemployed rising by 8.2% in the June quarter, leading to an unemployment rate of 6.3% in Macarthur compared to the State and National jobless rates of 5.3% and 5.1% respectively.

Cr Phillip Costa, the MACROC President and Mayor of Wollondilly said that
"the value of non-residential construction rose 2% to $68.2 million in the June quarter which together with a rebound in house prices in the March quarter partially offset the weakness in residential construction and the labour market."

"Investor confidence in the Macarthur region remains strong as evidenced anecdotally by a number of the significant projects that are planned or are underway, such as:

  • Medical teaching facility at University of Western Sydney campus ($20m)
  • Private hospital in Campbelltown ($40m)
  • Centric Business Park in Campbelltown ($44m)
  • Catholic Club Hotel ($30m)
  • Minto housing redevelopment ($300m over 10 years)
  • Gas Project
  • Allied Mills in Maldon ($85m)
  • Wilton residential development ($10.3m)
  • Upgrade for the Rail Heritage Centre at Thirlmere ($14.8m)

It is anticipated that these investments will impact positively on the employment trend in the future as well as on the overall economic strength of the region."

The profile is available for download below:

File: Macarthur Economic Profile - September 2006
Format/Size: PDF - 522 KB
Version: 18/09/2006