Small business success in Sydney
A key consideration for property investors is where to buy. Even with the affordable mortgage products on offer, there's no point investing in well-insulated property with ample outdoor space and a modern kitchen if it's located in a suburb that no-one wants to live in.
Paying attention to economic activity in an area is imperative if investors want to see successful results. Regions that are committed to infrastructure development and have diverse industries contributing to the local economy are popular among investors who want to buy in an area that's destined for growth and future employment opportunities. Once an area has been selected, investors can use a mortgage calculator to establish their borrowing capacity.
Big awards in the south-east
It appears that the City of Sydney is aware of these factors, with a range of small businesses in the city's south-east scooping up awards.
As part of the New South Wales Business Chambers South East Sydney Regional Awards, a number of small business finalists spanning a number of industries have been recognised.
Eight finalists were selected based on their recent successes and business growth, according to a City of Sydney statement on June 26.
They included Fourth Wall, a creative production agency, and SE-CORP, which is an infrastructure-solutions business. A recruitment company, building firm and digital communications studio were also recognised for their contributions. The companies were based in a number of areas, from inner-Sydney and Darlinghurst to Waterloo, The Rocks and Leichhardt.
Lord Mayor Clover Moore announced the finalists at a special event, pointing out the strengths of Sydney.
"Over the past five years, 40 per cent of all job growth across metropolitan Sydney has taken place in the City's local government area, with over 2,000 new businesses in that time. Small to medium businesses are the engine room of our local economy", Ms Moore announced.
"Sydney's economy continues to thrive. We know that around 2,000 new businesses have opened in the city and since 2007 we've seen employment growth of 13.6 per cent."
Image credit: Nicki Mannix