TravelTill

Economy of Sydney


JuteVilla
that live there, whilst other inner eastern areas like Paddington and Woollahra are home to boutiques selling more niche products. Inner western suburbs like Newtown and Glebe cater more towards students and alternative lifestyles. Double Bay in Sydney's harbourside eastern suburbs is an upmarket area known for its expensive boutiques. Seaside areas, including Bondi Beach in the eastern beaches area and Manly in the northern beaches area, have a retail scene based upon their beach locations, with many surfing and surfer style clothing shops. Sydney received 7.8 million domestic visitors and 2.5 million international visitors in 2004. In 2007, the (then) Premier of New South Wales, Morris Iemma established Events New South Wales to "market Sydney and NSW as a leading global events destination". Fox Studios Australia has large film studios in the city.

As of 2004, the unemployment rate in Sydney was 4.9 percent. According to The Economist Intelligence Unit's Worldwide cost of living survey, Sydney is the sixteenth most expensive city in the world, while a UBS survey ranks Sydney as 15th in the world in terms of net earnings. As of September 2009, Sydney has the highest median house price of any Australian capital city at $636,822, and a median unit price of $500,000. Sydney also has the highest median rent prices of any Australian city at $450 a week. The Sydney Region accounts for 12 percent (approximately $1 billion per annum) of the total agricultural production, by value, of NSW. Sydney provides 55% of NSW's flower production and 58% of its turf production, as well as 44% of the state's nurseries. In 1994�1995 Sydney produced 44% of New South Wales' poultry meat and 48% of the state's eggs
JuteVilla