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Business Snapshot

The City of Norwood Payneham & St Peters proximity to Adelaide’s CBD, makes it an ideal location for business.

City connecting NorwoodThe City of Norwood Payneham & St Peters has experienced a positive growth rate of 36.7% in the number of businesses over the last four years (2016-2020) with the City’s percentage of South Australia’s Gross State Product remaining steady.

Rental, Hiring and Real Estate Services, followed by Professional, Scientific and Technical Services and Construction, top the list with the highest number of businesses registered by sector with Health Care and Social Assistance and Cultural and Creative Industries, making up the top five sectors.

Health Care and Social Assistance, Professional, Scientific and Technical Services, Retail Trade, Construction, Education and Training make up the top five sectors that generate the most number of jobs within the City. The Construction, Health Care and Social Assistance and Professional, Scientific and Technical Services sectors are represented in the top five in both employment by industry and in the number of business registrations.

For a detailed business and economic overview, download: Economic Development Strategy 2021-2026

At a glance

Population

The estimated 37,056 residents enjoy the City for its high standard of urban amenity, beautiful tree-lined streets, busy activity centres and unprecedented level of accessibility.

Workers

24,367 workers.

The City attracts high calibre workers, with over a quarter of the workforce classified as a professional

Household income

21.5% of households earning an income of $2,500 or more per week.

The City attracts high calibre workers, with over a quarter of the workforce classified as a professional.

Businesses

The City is home to 6,996 businesses, with the majority being small to medium sized and family owned.

The Council takes both a precinct and sector approach to business and economic development, focussing on the development of key precincts and sectors across the City. Kent Town, followed by West Norwood are concentration areas, making up 33.2% of the total jobs in the City.

Tourism

The Tourism sector in the City of Norwood Payneham & St Peters supports 1,320 jobs and it is estimated that the output generated by the sector is $207.614 million, with Accommodation & Food Services (31.7%) and Retail Trade (15.5%) sectors producing almost half the revenue.

Gross Regional Product

In 2019 the total Gross Regional Product was estimated at $3.147 billion and represents 2.88% of South Australia’s Gross State Product. It has remained steady since 2014.

 

Development Approvals

The value of development approvals in the 2019–2020 February year to date was up $69,187 on 2018–2019, representing 6% of South Australia’s total and on par with year-end values obtained in 2017–2018. Traditionally, there is greater focus of activity on residential investment.

Contact

Economic Development Unit
T: 08 8366 4555
E: economicdevelopment@npsp.sa.gov.au