The Hills. Driver of growth

The main driver of this growth in The Hills is the Norwest business park, which is expanding rapidly, according to the Invest Sydney Hills E-Business Newsletter – October issue. The largest industries in The Hills in 2001 were professional, scientific and technical services, and manufacturing. By 2010, growth in finance and insurance had overtaken these two to become the largest industry, worth $941 billion and accounting for 16.7 per cent of The Hills’ economic output. In contrast, manufacturing, while still increasing in dollar terms, declined from 12.0 per cent to 11.4 per cent of output in the same timeframe.

Norwest. Largest in the country

March quarter office market conditions statistics released by Jones Lang LaSalle show, on the supply side, just five small projects totalling 19,800 square metres were completed across the country in Q1 2011. The largest was the 13,900 square-metre project, at 7-9 Irvine Place, in Norwest Business Park.