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Macarthur Regional Organisation of Councils

Camden, Campbelltown, Wollondilly

Quarterly Economic Reports (Archived)

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Quarterly Economic Reports - Macarthur Economic Profile - April 2010

Macarthur Economic Profile - April 2010

a) The number and value of dwelling approvals rose by 6.1 per cent and 3.3 per cent in the December 2009 quarter.

b) The number of people employed in the December quarter rose by 1.2 per cent to 119,588.

c) The rate of unemployment fell by 0.1 percentage point to 7.8 per cent in the December 2009 quarter

d) Median house prices in the September 2009 quarter grew in the Macarthur region in the order of 0.7 per cent to 5.5 per cent.

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Quarterly Economic Reports - Macarthur Economic Profile - October 2009

Macarthur Economic Profile - October 2009

a) The number of building approvals for new houses rose by 10.7% in the June 2009 Quarter.

b) Median rentals on 3 bedroom houses in Macarthur increased by over 8% in the March 2009 Quarter.

c) The unemployment rate for Macarthur rose by 0.6 percentage points to 5.9% during the December Quarter 2008.

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Quarterly Economic Reports -  Macarthur Economic Profile - March 2009

Macarthur Economic Profile - March 2009

a) The number of building approvals increased by 1.7% to 177 in the December Quarter, although on a year on year basis it declined by 18.3%.

b) The median house prices in Campbelltown and Wollondilly increased by 1.0% and 13.9% respectively, whilst Camden median house prices decreased by 2.0% in the 2008 September Quarter.

c) The unemployment rate for Macarthur rose by 0.5 percentage points to 5.4% during the quarter to September 2008.

d) Productivity in the Macarthur region (measured by value added per hour worked) rose by 7.8% in 2007/08 to reach $223.42 per hour.

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Quarterly Economic Reports - Macarthur Economic Profile - November 2008

Macarthur Economic Profile - November 2008

a) Although the value of non-residential building approvals in the Macarthur Region decreased 31.6% to $47.0 million in the September Quarter to 2008, it rose 12.7% year on year.

b) The median house prices in Camden, Campbelltown and Wollondilly decreased 4.9%, 1.2% and 7.9% in the 2008 June Quarter.

c) The unemployment rate for Macarthur fell by 0.2 percentage points to 4.9% during the quarter to June 2008.

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Quarterly Economic Reports - Macarthur Economic Profile - August 2008

Macarthur Economic Profile - August 2008

a) The value of non-residential building approvals in the Macarthur Region increased 132.0% to $68.7 million in the June Quarter to 2008.

b) The median house prices in Camden remained unchanged, whilst Campbelltown experienced negative growth of 0.3% and Wollondilly increased quarterly by 5.3% in the 2008 March Quarter.

c) The unemployment rate for Macarthur fell by 0.7 percentage points to 5.2% during the quarter to March 2008.

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Quarterly Economic Reports - Macarthur Economic Profile - May 2008

Macarthur Economic Profile - May 2008

a) The value of non-residential building approvals in the Macarthur Region decreased 62.0% to $30.0 million in the March quarter to 2008 and by 50% over a 12 month period.

b) The median house prices in Camden increased quarterly by 0.7% in December 2007, whilst campbelltown and Wollondilly experiencd negative growth of 1.7% and 12.9% respectively.

c) The unemployment rate for Macarthur fell by 0.4 percentage points to 5.8% during the December quarter to 2007.

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Quarterly Economic Reports - Macarthur Economic Profile - February 2008

Macarthur Economic Profile - February 2008

a) The value of non-residential building approvals in the Macarthur Region rose 209% over a year to reach $80.5 million in December Quarter 2007.

b) The median house prices rose by 2.1% in Camden and 19.5% in Wollondilly, except for Campbelltown where prices remained static over the year to September quarter 2007

c) The unemployment rate for Macarthur fell by 0.5 percentage points to 6.2% during the September quarter 2007.

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Quarterly Economic Reports - Macarthur Economic Profile - November 2007

Macarthur Economic Profile - November 2007

a) The value of non-residential building approvals in the Macarthur Region rose 247% over a year to reach $72.5 million in September Quarter 2007.

b) Median house prices in Camden and Campbelltown were static over a year to June quarter 2007, except for Wollondilly where prices rose 1.5%.

c) The unemployment rate for Macarthur fell by 0.2 per centage points to 6.8% during the June quarter 2007.

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Quarterly Economic Reports - Macarthur Economic Profile - August 2007

Macarthur Economic Profile - August 2007

The estimated number of employed persons in the Macarthur Region increased by 1.1% in the March Quarter2007 to 123,513 persons. This figure was 3.4% higher than that recorded in the March Quarter 2006 (119,423).T he unemployment rate for Macarthur increased by 0.1 percentage points to 7.0% in the March Quarter 2007, 1.1 percentage points higher over the year. Camden recorded the lowest unemployment rate (3.0%), followed by Wollondilly (4.3%) and Campbelltown (9.1%).

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Quarterly Economic Reports - Macarthur Economic Profile - May 2007

Macarthur Economic Profile - May 2007

There were an estimated 243,405 persons residing in the Macarthur Region in 2006, representing growth of 0.4% from 2005. Camden and Wollondilly recorded growth rates of 1.7% and 1.6%, respectively, while the larger population of Campbelltown declined by 0.3%. Over the past five years, the Macarthur Region has recorded an average annual population growth rate of 0.8%, consistent with the average growth rate for both Sydney and New South Wales of 0.8%.

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Quarterly Economic Reports - Macarthur Economic Profile - February 2007

Macarthur Economic Profile - February 2007

The Gross Regional Product (GRP) for the Macarthur Region was estimated at $5.8 billion in 2005/06, an increase of 5.1% from the level in 2004/05 ($5.6 billion). The Macarthur Region contributed 1.8% to the gross state product for New South Wales ($319.5 billion) in 2005/06.

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Quarterly Economic Reports - Macarthur Economic Profile - December 2006

Macarthur Economic Profile - December 2006

In 2005/06 Macarthur region's Gross Regional Product (GRP) totalled $5.1 billion, which was 1.8% of the NSW Gross State Product of $282.1 billion.

GRP, a key indicator of regional economic activity, is the total value of all final goods and services produced for money in the region, after deducting the cost of goods and services used in the process of production, but before depreciation.

Campbelltown remains the economic powerhouse of the region with its GRP estimated at $3 billion, followed by Wollondilly and Camden at close to a billion dollars each.

The President of MACROC Councillor Rob Elliott said, "Manufacturing remains the backbone of the Macarthur economy contributing $1 billion or 19.5% to the regional GRP, followed by Property and Business Services (9.3%), Retail Trade (8.3%) and Education (7.4%).

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Quarterly Economic Reports - Macarthur Economic Profile - September 2006

Macarthur Economic Profile - September 2006

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."

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Quarterly Economic Reports - Macarthur Economic Profile - February 2006

Macarthur Economic Profile - February 2006

MACROC is pleased to announce that its first Quarterly Economic Profile is now available on this website. An updated Profile will be posted approximately 4 to 6 weeks after the end of each quarter. The Profiles provide up to date information and commentary on a wide range of economic topics for the Macarthur Region, encompassing the local government areas of Camden, Campbelltown and Wollondilly. Information in each issue will cover such topics as employment, population, property market and major projects. The information offered is broken down by LGA where-ever available.

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Quarterly Economic Reports - Macarthur Economic Profile - June 2006

Macarthur Economic Profile - June 2006

Recently released MACROC publication - Macarthur Economic Profile June 2006 - shows a deterioration in Macarthur’s unemployment rate in the March 2006 quarter. Offsetting this was a rebound in building approvals.

The unemployment rate in the March 2006 quarter rose to 5.9%, 0.3 percentage points higher than in the previous quarter. The number unemployed in the Macarthur region in the March quarter 2006 was 7,473 persons

Although building approvals for new houses remain soft, there was a considerable increase of 376.9% in the March 2006 quarter of the number of approvals for other dwellings (flats and units).

Median house prices in Macarthur in the December quarter 2005 continued to reflect the prevailing weak conditions in the property market through out the State.

The median house prices in the Macarthur region in the December quarter 2005 were well below the Sydney region ($478,000).

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