Economy of Sydney

The economy of Sydney is notable for its importance in the areas of trading, manufacturing, finance, education, and distribution in Australia.

Although the CBD dominated the city's business and cultural life in the early days, other business/cultural districts have developed in a radial pattern since World War II.

[10] Major manufacturing companies with operations in Sydney include Arnott's, Coca-Cola Amatil, Arrium, Visy, Amcor and Rheem, among many others.

Lying between the major population growth zones in the north-west and south-west of Sydney, the estate contains more than 1,000 manufacturing, wholesale, transport and service firms which employ more than 20,000 persons.

[13] According to The Economist Intelligence Unit's Worldwide cost of living survey, Sydney is the sixteenth most expensive city in the world.

[14] According to a report published by the OECD in November 2005, Australia has the most overvalued houses in the Western world, with prices 52 percent higher than that justified by rental values.

Sydney's central business district is Australia's largest financial and business services hub.
Median weekly household incomes by postal area in the 2011 census , red indicates high incomes, purple indicates low incomes. The North Shore and areas fronting Sydney Harbour tend to be more affluent, while the south is generally middle class and west is predominantly working class.