Sydney
Sydney and its commercial real estate market are unique in many respects. Did you know…
- Sydney is the most populous city in Australia and the state capital of New South Wales. Sydney is located on Australia’s south-east coast of the Tasman Sea. As of June 2010, the greater metropolitan area had an approximate population of 4.6 million people. Inhabitants of Sydney are called Sydneysiders, comprising a cosmopolitan and international population of people from numerous places around the world.
- The site of the first British colony in Australia, Sydney was established in 1788 at Sydney Cove by Arthur Phillip, commodore of the First Fleet as a penal colony.
- In 2010, Sydney was ranked 7th in Asia and 28th globally for economic innovation in the Innovation Cities Top 100 Index by innovation agency 2thinknow. Sydney also ranks among the top 10 most livable cities in the world according to Mercer Human Resource Consulting and The Economist.
- Sydney is one of GaWC’s Alpha + world cities. It has hosted major international sporting events, including the 1938 British Empire Games, the 2000 Summer Olympics, and the final match of the 2003 Rugby World Cup.
- As the financial and economic hub of Australia, Sydney has grown to become a wealthy and prosperous city. The largest economic sectors in Sydney, as measured by the number of people employed, include property and business services, retail, manufacturing, and health and community services. Since the 1980s, jobs have moved from manufacturing to the services and information sectors. Sydney provides approximately 25 percent of the country’s total GDP.
For more information, contact:
Patrick Moultrup
Phone: +1 (408) 402-5270
Email: pmoultrup@itraglobal.com
