Housing 24,000 new jobs, Parramatta is revolutionising the City
Large corporations such as National Australia Bank and the NSW Government’s Department of Education have already signed leases for 1,000s of workers, taking advantage of Parramatta’s affordable rents when compared to Sydney CBD’s.Parramatta Square
METRO WEST: CONNECTING PARRAMATTA TO SYDNEY CBD
The Sydney Metro West project is a new underground metro railway that will connect the Parramatta and Sydney CBDs. This extensive project will transform the way the City is connected with a faster, more convenient and accessible transport system.Sydney Metro West
PARRAMATTA LIGHT RAIL: RESHAPING MOVEMENTS THROUGHOUT PARRAMATTA
Stage One of the Parramatta Light Rail project is underway. The Parramatta Light Rail will revolutionise the way workers, residents and visitors move around Parramatta.Parramatta Light Rail
SOUTH QUARTER PARRAMATTA
An $8 million dollar mixed use development is posed to become the centre piece of the new South Quarter development formerly known as Auto Alley.Parramatta South Quarter
CIVIC LINK: CONNECTING THE COMMUNITY
Parramatta's new Civic Link is a mixed social and commercial infrastructure development connecting the CBD to the Powerhouse Precinct.View the civic link vision
POWERHOUSE PRECINCT: CENTRE FOR INNOVATION
The new design for the Museum of Arts and Applied Sciences has been unveiled and will reside in the heart of the Powerhouse Precinct.The Powerhouse Precinct
Brenton Hush Chief Operating Officer HSBC Australia
We're really looking to lead HSBC globally by designing a fit-for-purpose, cutting edge working environment for our people.
Parramatta's Professional Population
A Younger, More Populated, Professional Community
By 2041, Parramatta’s current population of 279,000 is expected to grow to 487,000.
Parramatta’s job profile is becoming increasingly more professional with 60% of its population now working in professional, administrative or management roles.
As the population grows, Parramatta’s diverse workforce will become younger, more professional and corporate. Increasingly, more young families and young urban professionals are calling Parramatta home.Professional Population
CONNECTING EDUCATION AND INDUSTRY
Parramatta is experiencing a shift towards a modernised and integrated core of educational precincts in the heart of the City.
Leading this is the educational hub at 1 Parramatta Square, which creates opportunities for collaboration and industry-focused research between Western Sydney University students, PwC and Sydney Water.
The planning of future education and training precincts is set to follow this model of collaboration between industry and academia with hubs being incubated within the CBD, Rydalmere and Westmead.
One such hub in the Parramatta CBD is the $280 million world-class 19-storey engineering innovation hub joint venture between Western Sydney University and the University of NSW, scheduled to open in 2021. Education & Innovation
NAB is welcoming colleagues to their new work home in the Centre of Global Sydney, at 3 Parramatta Square.
City of Parramatta Council has unveiled an innovative proposal to expand the Justice Precinct in the Parramatta CBD, boosting the local economy and bringing more jobs.
In April this year amid COVID-19 uncertainty, diversified fund manager GPT Group amalgamated a future development site on George Street in the heart of the Parramatta CBD for $75
Bankwest Stadium Injects Millions Back Into Parramatta's Economy
Parramatta’s economy gets a million dollar boost every time a major event is held at the new state-of-the-art Bankwest Stadium
Recent research commissioned by City of Parramatta found that Bankwest Stadium has had a large economic impact on Parramatta in a very short time.
With seating for 30,000 spectators, the stadium, which opened in April 2019, is a state of the art entertainment centre and hosts concerts, sporting matches and other major events. It also hosts a range of community events and activities, business meetings and shows.Bankwest Stadium
Parramatta CBD Development Timeline
With $31 billion GRP being invested in the City’s infrastructure and development over the next five years, the demand for corporate office space and residential living is rapidly increasing.
The Epicentre for Development
Large corporations such as National Australia Bank and the NSW Government’s Department of Education have already signed leases for 1000s of workers, taking advantage of Parramatta’s affordable rents when compared to Sydney CBD’s.
When the Parramatta Square development is fully complete in 2022, the $2.7 billion project will house Australia’s largest commercial office building and more than 24,000 people will work there.View The Interactive City Map
Looking to move your business to Parramatta?
Whether you’re looking at relocating your office or setting up a new office, Parramatta is a strategic choice for your clients and employees. For more information, please submit an enquiry.
The Finance and Insurance Services sector is the largest industry in the City of Parramatta by output, generating $9.09 billion in 2017/18 with expectations to rise.
South Quarter Parramatta located at the well-known former car yard site on Church Street, has been rezoned and will be transformed into an $800 million mixed-use project.
Characterised by rapid economic growth and a prosperous standard of living, Parramatta is transforming business investment in NSW.
The Sydney Metro West project will connect the Parramatta and Sydney CBDs. This extensive project will transform the way the City is connected.
(Image Courtesy Transport for NSW)
The $1 billion Westmead redevelopment project is underway, plus investment in transport and education for Australia’s largest health and research precinct.