Alongside the Swiss city of Zurich, Sydney was ranked the ninth most liveable city in the world by the Economist Intelligence Unit's 2009 Liveability survey. Sydney is also the location of almost 40% of the top 500 Australian corporations, and more than half of the regional headquarters of multinational corporations are found in the city. Moreover, according to the City of Sydney Council, Sydney office space is comparatively more cost-effective than its international counterparts such as Tokyo, Dublin, or London.
The construction industry is also on a steady rise. The Property Council of Australia reported that in the June quarter of 2008, the work of the construction industry totaled at $30.5 billion, a 5.5% rise since 2007. The Council also predicts that this level of economic activity will increase in light of the government's 2009-2010 Budget - creating new construction jobs, boosting domestic and foreign investments, and business opportunities. The Rudd Government's 2009-2010 Budget plans to bolster the construction industry with $22 billion worth of nation building infrastructure. Specifically, the government pledges to spend $8.5 billion in urban infrastructure, providing a secure and timely investment into the Sydney commercial property market.
This article was brought to you by Tim Green Commercial - Commercial Real Estate Agents in Sydney
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