Posted in Business News

The NSW Government has passed legislation that will see the former Greater Sydney Commission become the Greater Cities Commission bringing together the cities of the Lower Hunter and Greater Newcastle, Central Coast, Greater Sydney and Illawarra-Shoalhaven. The Six-City Megaregion is an initiative of NSW Premier Dominic Perrottet who outlined his Vision for NSW when assuming the premiership in December last year The Greater Cities Commission will be tasked with developing the six cities vis...

Mingara Leisure Group has announced plans to build a 82-room hotel adjacent to its club facility at Tumbi Umbi. The $21 million hotel will be the culmination of Mingara’s original site masterplan to locate a hotel on the site when they moved to their new premises some thirty years ago. Mingara CEO, Paul Barnett said, “After undertaking the appropriate due diligence to explore the feasibility of the project, we have partnered with a team of specialist consultants to design a hote...

Alceon Group, one of Australia’s leading privately-owned financier and investment companies with extensive experience in real estate development, is about to start construction on one of the largest luxury residential developments to be undertaken on the Central Coast in Gosford. To be known as Rumbalara and built on the highest point in Gosford overlooking Brisbane Water the development is on the edge of the Rumbalara Reserve at 87-89 John Whiteway Drive on a former sandstone quarry s...

With demand for healthcare clinicians on the Central Coast continuing to rise at rapid rates, Cornerstone Group has announced it is seeking approval for the development of a $30 million state-of-the-art health building to respond to community needs. Cornerstone Group Managing Director, Simon Heazlewood, said recent research by Colliers International uncovered data showing that on the Central Coast, demand for several health professions, including medical oncologists, paediatricians, and card...

After hitting a high of $15,535 million in 2019 GRP has fallen back to levels last seen in 2017. However, it should be noted that the region’s growth over the past 20 years has stagnated.  GRP in 2001 was $112,426 million with year-on-year changes being less than 1% per annum. This compares with Greater Sydney where year on year growth has been running at around 3.5%. Economic activity on the Central Coast has stalled since 2019.  This could be attributable to the COVID pa...