Sydney's Draft Economic Development Plan Could Entice Homebuyers

Real estate in Sydney has always been sought after and now there are even more reasons to investigate houses for sale in the New South Wales capital, as the City of Sydney unveils the new Draft Economic Development Strategy - which aims to boost Sydney's global standing over the next 10 years.

The strategy aims to strengthen the city's economy by boosting jobs and infrastructure, supporting local businesses and driving tourism up. There are currently 22,000 businesses and 435,000 workers living in Sydney, working together to help create the vibrant, buzzing cultural hub that is it.

Lord Mayor Clover Moore said in an August 13 statement that it is imperative to take charge and grab every opportunity possible to stimulate the city's economy.

"Sydney is Australia’s global city and we are working hard to attract the highly-skilled workforce and world-class retail and tourism that will keep our economy strong," said Ms Moore.

"The Economic Development Strategy provides a blueprint for how we can bring our vision for Sydney to life, by drawing on our strengths as well as creating exciting new opportunities to help attract, nurture and retain global talent."

One of the main focuses of the plan is to increase Sydney's competitiveness by encouraging business investment, attracting international visitors and providing the lifestyle that residents want to experience.

Now could be the perfect time to seize the opportunity and look into property for sale in Sydney. A hub of artistic creativity and innovative business practises, the city could be the perfect place for you and your family to settle down your roots.

Further investment in infrastructure aims to improve the capacity of the city and increase productivity - with sector growth and workforce participation actively encouraged underneath the new strategy.

Sustainability is also coming to the forefront, helping to futureproof the city by assisting new industries to develop and flourish in the near future.

Further development of major public domains, investment in more tourist-friendly information facilities, and working to secure a larger number of major festivals, musicals and conferences are all contributing towards the effort to make Sydney a global city.

There are a number of opportunities available for anyone interested in moving to the city, so now could be the perfect time to get in contact with a professional real estate agent and begin investigating houses for sale in Sydney.