The property industry contributes 17,681 jobs and $2.5 billion in economic activity annually in the Illawarra region, according to the Property Council.
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The Illawarra branch of the Property Council says the property industry is the biggest creator of jobs in communities right across NSW.
“From the tradies on building and construction sites through to real estate and building services and financial and professional services, the propertyindustry is creating hundreds of thousands of jobs in local communities throughout the state,” chair of the Property Council of Australia’s Illawarra Committee Mark Jones said.
Data released by the Property Council has looked at the annual economic impact of the property industry in metropolitan and regional areas of NSW.
In the Wollongong local government area, the property industry directly creates 10,224 jobs, as well as $626m in wages and $1.473 billion in economic activity.
In the Shellharbour LGA, it creates 2478 direct jobs, $143m in wages and creates $324m in economic activity.
In the Kiama LGA, it directly creates 939 jobs, and creates $55m in wages and $131m in economic activity.
In the Shoalhaven, the industry directly creates 4040 jobs, as well as $240m in wages and $560m in economic activity.
“Nationally, the property industry is the largest employer in Australia supporting 1.4 million jobs, which is more than mining and manufacturing combined,” Mr Jones said.
“We see this every day in our local communities like the Illawarra, where our industry is driving economic activity and investment as it builds great places for current and future generations to live, work and play.
“The property industry contributes 17,681 jobs and $2.5 billion in economic activity in the Illawarra region.”
At the statewide level, the Property Council’s figures indicate that the property industry employs 390,000 people in NSW.
