Thursday, 8 September 2011

Region. In the top 20 suburbs

The decision by Barry O'Farrell to axe the first-home-buyers stamp duty concession for existing homes, in the State Budget, has come under fire for hurting the very people who helped put the Premier in office - Western Sydney residents. A breakdown of the top 20 suburbs, in The Daily Telegraph, which received the concession in 2010-11 shows 15 are in Western or South-Western Sydney, with the top three being Liverpool (590 people), Westmead (573) and Blacktown (478). Other suburbs in the top 20 included Parramatta, Campbelltown, Auburn, Homebush, Bankstown and Merrylands.


Granville. 23 per cent rise in profits

A series of big printing contract wins has propelled TMA Group, based in Granville, to a 23 per cent rise in profits on the back of a 21 percent jump in sales. The company, which recently announced it will delist from the ASX, said its print contracts with Coles, Qantas and Perth Airport had provided the uplift. In its report to the ASX, the company said recent acquisitions, including its September 2010 buyout of Premier Business Group, were progressing in a "very satisfactory manner".


The Hills. Economy grows about 32 per cent

The Sydney Hills’ economy has grown by about $1,589 billion in real terms since 2000 – or around 32 per cent, according to recent figures produced by the National Institute of Economic and Industry Research (NIEIR). The gross regional product (GRP) is valued at $6.5 billion a year in real terms. The top four productive sectors adding value to the local economy for the year ended June 2010 were finance and insurance, contributing $941 million; construction with $758 million; manufacturing at $645 million, and professional, scientific and technical adding $626 million. The report also outlined that retail trade, at $467 million, was an important contributor to the economy contributing over 11,728 jobs, representing by far the biggest employment sector at 22 per cent.