Posted in Business News

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...

Herbie’s Spices Managing Director, Ian Hemphill  says that Covid has reduced their online sales trajectory from five years down to two years with sales having doubled on pre-Covid turnover.  “Our business model has changed,” he says. “While our trade with restaurants in the past was quite substantial, we are not seeing the recovery that we expected as patrons are simply staying safe and staying at home. “We do see this coming back but there is no ques...

The completed Toronto Lake Macquarie residential development, Foreshore by Stevens Group, has been recognised by the Urban Development Institute of NSW (UDIA NSW), as this year’s award winner for excellence in NSW Regions & ACT Development category. Foreshore Lake Macquarie involved the design and construction of 37 bespoke residential units on the waters edge in Lake Macquarie, each with a unique floor plan. The three buildings, ranging from three to four storeys in height as wel...

December 6th 2021 saw the NSW Government announce another Central Coast Plan, the Central Coast Regional Plan 2036. The third in twelve years and totally at variance with the 2016-2036 Growth Plan in particular. While the focus of the 2016-2036 Plan was on population growth with an extra 77,000 people living in the region by 2036 and the creation of 24,674 jobs there is absolutely no mention of such in the new Plan. Further, the Northern Growth Corridor (Warnervale-Tuggerah) and Southern Gr...