Hills Business Performance Sentiment Index

Wednesday, May 03, 2017

On Friday in conjunction with The Hills Shire Council and the Sydney Hills Business Chamber, we released the Hills Business Performance Sentiment Index which gives an ongoing measure of the local economic conditions and business confidence. 

This study, now in its third year is very important in an entrepreneurial hotspot like the Hills, which is home to more than 20,000 businesses and almost 100,000 employees. 

The area is also strong with start-ups, which are expanding the local economy. Every week in the Hills, 15 new businesses commence operations and with the new transport infrastructure, commercial constructions and emerging urban centres, the number of new business start-ups locally will likely accelerate.

This year’s results highlight the challenging conditions local businesses are currently experiencing. The overall rating this year is lower than last year although the forward forecast remains strong. The current economic conditions are subdued and business expenses are up, yet such is the way of Australian entrepreneurs, their sentiment and outlook is decidedly positive.

Of the 21 measures, the two that scored the lowest, highlighting the biggest challenges, were the increasing business costs and the local infrastructure challenges. The highest two scores indicated that revenue forecasts for the six months ahead will rise and that local businesses forecast they will take on more staff this year. Therefore, the flat domestic economy, issues from under-construction local infrastructure and higher costs to revenue metrics are all viewed as temporary, though challenging circumstances.

Our thanks go to The Hills Shire Council and the Sydney Hills Business Chamber who recognise the importance of this Business Performance Sentiment Index in a growing local economy, amidst volatile times and facing massive change. Their foresight to commission such a project, commitment to its ongoing deployment and generosity in making it freely available to the business community is to be heartily commended.

Download the full report here.



Click below to view the previous Hills PSI Reports

Sydney at 5 million and the growth of The Hills Shire

Monday, April 24, 2017

Sydney has now officially hit a new population milestone of 5 million, and almost half of the population (2.2 million) reside in the 14 local government areas that make up Western Sydney of which The Hills is one.

If Western Sydney was a city in its own right, it would be the 4th largest city in Australia after Melbourne, the rest of Sydney, and Brisbane. While Western Sydney is just slightly smaller than Brisbane’s population of 2.3 million, it is growing 30% faster than Brisbane.

The population of The Hills is greater than the population of Darwin, and the two local government areas of Blacktown and The Hills have a combined population almost the same size as the entire state of Tasmania. This growth is evident in the increasing development seen around the Hills. The increasing urbanisation has raised the density of The Hills to 4.15 people per hectare, above Hornsby Shire’s 3.69 and well above Hawkesbury’s 0.24.

What differs the hills to the rest of Sydney?

The Hills Shire is now almost 10% larger than that recorded in the 2011 Census. Not only is the Hills population growing faster than the national growth rate, but the average household is significantly larger than the Australian average (3.1 compared to 2.6 people per household) and the district is home to a higher proportion of students, university educated adults and full time workers than both the national and state averages. The region is more culturally diverse with 3 in 5 residents having at least one parent born overseas compared to less than half of Australians nationally. The proportion of school-age children locally is 20% higher than the Sydney average, and those in their 40’s, 50’s and 60’s are similarly well above the greater-Sydney average.

Age gap in the Hills Shire

There is a hole in the Hills’ demographic, a 15-year gap in the numbers of locals aged 23 to 38. This missing group, neatly lining up with Generation Y, is a staggering 20% smaller than is average across the rest of Sydney. In fact, while there has been an increase in numbers of almost every age group over the 5 years between the last two Census reports, for the mid 20’s to mid-30’s there has actually been a decrease in numbers.

Entrepreneurial hotspot

The Sydney Hills is also an entrepreneurial hotspot, with 32,191 actively trading local businesses. So while the local population represents less than 0.7% of Australia, the number of businesses is more than twice this share at 1.5% of all Australian businesses. And with the new transport infrastructure, commercial constructions and emerging urban centres, the number of new business start-ups in the Hills will only grow.

The future of the Hills Shire

The future for the Hills will include more pockets of urbanisation which will create options for those looking for apartment living, walkable communities and a café culture. However, the size and diversity of the area will mean that the suburban and semi-rural nature of other parts will remain and the overall density will never reach the highs of local government areas like Parramatta which currently has 27.48 people per hectare. Not too many parts of Australia offer high-density living options just 10 minutes’ drive from acreage. Little wonder The Hills is one of the fastest growing regions in NSW.


Mark McCrindle will present the results of the 2017 Hills Business PSI, the third year of this study this Friday at the Sydney Hills Chamber of Commerce Chairman’s Lunch at which the Premier will deliver the keynote address.

If you would like a copy of the full Hills PSI Report please let us know and we will make it available after Friday’s launch.

Welcome to our blog...

We have a passion for research that tells a story, that can be presented visually, that brings about change and improves organisations. And we hope these resources help you know the times.

Our Social Media Sites

Facebook | McCrindle Research Social Media YouTube | McCrindle Research Social Media Twitter | McCrindle Research Social Media Flickr | McCrindle Research Social Media Pinterest | McCrindle Research Social Media Google Plus | McCrindle Research Social Media LinkedIn | McCrindle Research Social Media Mark McCrindle Slideshare


Last 150 Articles


Tags

brand world youth day states employmee ACF speaker future proof work-life winter 23 million budget baby boomers omnibus investor mccrindle rent names micro Lower Hunter Region facts national crime rates trends of 2017 australian communities trends report workplace culture trends casual Mark McCrindle in the media Charlotte house prices earnings charities relational school students NEETs TED business 2012 car 2017 social lives Sydney keynote speaker 24 million aged care puzzle monarchy micro apartments surname staff younger generations megatrends communication news friendship world youth unemployment Sydney Lifestyle Study bureau McCrindle Keynote Speakers faith millenials global retail manly entrepreneur teachers Hills Shire Council tertiary education wages baby name insight statistics Territory Retail teleworking Skilling national private wealth Australian demographics debate Generation Y Res Vis social enquiry cost cars families story marriages australian community trends report ACF17 hills shire mobile pyrmont happiness average sydneysider high density living challenge eliane social media google for education tattoos bus giving census 2016 stay home social shifts SRE christian sun long weekend 24,000,000 church australian real estate Canberra conferences communities Adelaide Kiwi sydneysider work cancel plans marketing demographer list tv learn NSW data recap Sydney population australia Jura Australia tuesday Education Future Forum renter of the future DIY hobart rising house prices trend tuesday insights TEDx growing population Melbourne financial independence Andrew Duffin education future report Myth GPO generations internship keynote speaker the hills shire Duchess of Cambridge responsive year 7 commute cooking Black Friday area sydney property market 1994 mother's day volunteering data medicine mccrindle in the media leader participants priorities Generation X SMART blaxland education future financial future living students office not for profit award HSC Australian community trends CPI IT Specialists PSI donate VET tea suburbs socialising Engineering Manager careers sustainable The Daily Edition research on coffee know the times deloitte Bathburst data visualisation royal baby Australia Day 2017 Channel 7 optimistic rain national wealth Hornsby Shire Council breakfast water cancelling plans Caregiver sydneysiders father's day shopping centre emerging trends Black Friday in Australia healthy future child care ageing population dreams meals conference speaker litter Australian Dream professional development hornsby winter blues February 16 Australian communities brands #censusfail energy Christmas day marrickville 2020 university demography NFP event potts point mortgage Willowdale property price culture presentations ageing belief mythbusting research pack property workforce population growth jobs cancelling event New Zeland Scouts plans Christmas day weather generational trends TDE Australia Day Australian Population leadersip increasing densification wealth distribution typical australian demographic transformations baby names report in depth interviews census product suburb hello fresh baby names australia report housing faux-cilise Jura Coffee online rise of local geomapping Channel Seven 40 million woolworths young australians local community financial renting relevant environmental scanning affordability Aussie anzac safe waverton System's Architect cartodb personal growth education media activity selfie emerging technologies dream lifestyle supply and demand teach Work place group children conference presentation Elderslie-Harrington park life seasons greetings generation alpha unemployment speakers pack commuting Netflix Wellington McCrindle Speaker 1968 average aussie JOMO wedding ashley fell Australian Bureau of Statistics leadership gold coast Research Executive demographic trends society trends January 26th choice workers media release publication neutral bay entrepreneurs of today ease of travel crows nest shifts New South Wales mccrindle tea NT Financial Planning Association of Australia researcher not-for-profit princess charlotte wealth and income distribution Royals work mates wealth and income financial dreams employers parenting VIC qualitative research Valentine’s Day nativity scene future of education 2016 census Christmas lunch teacher social analyst urban living index internet cultural diveristy New Zealand innovative victoria entertainment youth local communities research data Northern Beaches event education sector gen alpha the average aussie research report emerging generations McCridle narcissism forecasting stats award winner Queensland: QLD slideshare ACT Report online shopping sydney market the australian dream shbc Northern Territory baby boom digital census fail outsourcing language income sector social commentator data analyst earn ACT ideas screenagers community engagement australians staying home more goals new office house workplace follow Gen X Australian Families christmas infographic society English future of shopping going out wealth inequality affordable pharmacy royal influence resource click greatness baby names sydney hills global generations hopes socialites aussie culture Word Up Population Clock crime social research education research grave decision coffee lovers sydney speaker government population map 2015 university degree urban development Financial Planning Week balance cost of living engagement group session resilience gender wealth ACF2017 logan earning community event royal family schools parents brisbane fears Crime Rates the hills internships office opening baby name predictions staying in Real Estate Institute of Victoria land of the middle class criminal school capital cities fresh clothing poker master professional speaker ABS collaboration global easy rider "know the times" australian communities forum divorce housing growth Australians Gen Y gig Merry Christmas FPA home Macquarie University city experience WA school satisfaction optus organisational culture culturally diverse schools students middle class newspaper faux-ciliser repayments townhouses tableau visualisation sunny days media commentary darwin case study SA Christmas in Australia personalities shopping business performance survey design Cobbitty-Leppington post rationalism trends analyst residents Christmas season urban taskforce couple easter Gen Z Expert leadership workshop 1975 millennials in the media Aussies annual income public transport home ownership rule keeper daily telegraph social issues mccrindle research trend 1980 future of work learning Australia street australian social research employmer impact housing market environment sector wide study ipswich infographics brand experience village sentiments NBRS salary apartment unaffordable women christmas trees Australian Home work from home house price rise nfp identity speakers equip capital city proactive Mount Annan-Currant Hill economic Kirsten Brewer meetings surnames holiday census results showreel program 10 years Christchurch maiden financial fears professional services learning styles panel Hunter Valley financial planning social analysis demographic authenticity seasons ferry South Australia World Water Day do people still change their surname after marriage? offenders household video kate middleton Australian schools the lucky country vegemite 2014 donation daily commute generation Z retirement Christmas presents define focus groups professional mover and shaker skills Financial Planning Association Sydney’s south west hunger google career Australian Trends summer employment change religion rich moderators guide infographic wall ethnography futurist training growth of sydney workshop norwest Christmas data charity Deaths goal 2016 population Mark McCrindle coffee CBD future-proof apartments DESTEL gig economy huffington post maiden names The ABC of XYZ Real Estate weekly earnings Wodonga cash future proofing investment year 12 grandparents baby name trends James Ward communications innovation TAS pharmacies Maxim Accounting Sydney Hills Business Chamber gen z trades entrepreneurial wage non profit screenage buildings forecast food insecurity social researcher urban thought leadership jobs of the future student focus group growth property market tips forum investing dreaming volunteers presentation ultimo 2016 census results suburban living vegetarian food bank public speaking sydney metro cold speajer sunburnt country Social Trend twentyseventeen money REIV National Conference perth Vocational education Australian Census media Tuesday Trends Assistant Store Manager conference celebration VET sector consumer christmas 2017 community new york times What is food insecurity? social life housing affordability transport Sydney food research services train not for profit research keynote professional presenters rental stress EFF Black Friday Sales households public holiday domestic aged care optus my business awards low density changing face of sydney australian collaborative social researchers economy state wolloomooloo thrive owning a home family communicate engage educated FOMO property development faux-cilising contiki happy holidays population milestone the great screenage housing trends prince george events Wagga Wagga travelling cloudy days Births educhat trends of 2016 Tuesday Trend acf15 quote teaching ACF 2016 moreton bay TEDx Speaker lalor park high density Do It Yourself volunteering menai young people US urban living sydney event baby future eliane miles NBRS Architecture who is generation z travel cica organisations consumerism SMSF paying to work survey TED talk christianity Lower Hunter 2013 Business analysis millionth public speaker HR mythbusters Queensland study report curiosity the changing face of care support interactive mateship research visualisation local bondi McCrindle Speakers Research Director ashley mckenzie intern market research REIV Conference networking generation wellbeing office space Geoff Brailey mccrinlde Love snapshot volunteer learner mentor small business Performance Sentiment Index sydneycity motivate visual Christmas Stats customer social trends Northern Beaches Christian School live the dream storytelling mining boom builders hills chairty commuters debt global financial crisis high density apartments dare to dream research weather technology etiquette sports results holidays house price social commentary digital economy finance friends Christmas research purpose sector wide poor Australian Communities Trends home owner spirituality analysis Western Australia social impact alpha business index real demographics dessert high school social change cultural diversity overcast marriage divorce rate men toys social graphs royal Northern beaches Event shopper's pick average Australian politics census data Tasmania spend

Archive