Regional NSW offers an abundance of business opportunities and a relaxed lifestyle.
With a population of more than 2,519,000, regional NSW covers 800,000 sq km.
Regional NSW is home to a range of geography and climates, from the humid coastal environment of the north, to the semi-arid desert in the west, and the alpine peaks and sheep-wheat belt of the south. This diversity encourages a variety of industries to flourish.
NSW Trade & Investment works with businesses and communities in regional NSW to help them grow and create local jobs. View our regional office locations.
NSW Trade and Investment Regional Indicators Report
The Regional Indicators Report provides current information employment conditions and population growth in regional NSW. It also features key major projects and job creation and economic development outcomes facilitated by NSW Trade & Investment.
This concise economic snapshot is derived from NSW Trade & Investment's regular analyses of Australian Bureau of Statistics data.
Regional Indicators Report, April 2013
- Employment conditions in Regional NSW remain firm and the unemployment rate stands at 5.5%, below its 10‑year average of 5.9%
- More than 60% of the State's employment growth in the last 12 months has come from outside Greater Sydney
- In the nine months to March 2013, NSW Trade & Investment's Office of Regional Development has facilitated 28 regional investment projects worth over $300 million and supporting more than 650 jobs
The Regional Relocation Grant
The Regional Relocation Grant provides eligible households with a one-off payment of $7,000 to assist them with the cost of relocating from their metropolitan home to a regional home.
The Regional Relocation Grant scheme was recently part of the NSW Decentralisation Taskforce’s broader review of the NSW Government’s Decade of Decentralisation policy and associated initiatives. Changes to the scheme were announced in the Government response to the Taskforce’s report in August 2013 and legislative amendments were introduced into the NSW Parliament on 30 October 2013.
The Regional Relocation (Home Buyers Grant) Amendment Act 2013 received assent on 20 November 2013. Some changes to the Regional Relocation Grant scheme have been made and are due to take effect from 1 January 2014.
Key changes to the scheme include:
- extending eligibility for the Regional Relocation Grant to long-term renters (2 continuous years in one or more homes) in metropolitan Sydney, Newcastle and Wollongong who relocate to regional NSW;
- introduction of a new Skilled Regional Relocation Incentive ($10,000) to encourage people to relocate to regional NSW for employment (including self-employment). The grant will be paid in two equal instalments.; and
- introduction of a minimum distance requirement of 100 km for the relocation, applicable for both the Regional Relocation Grant and Skilled Regional Relocation Incentive.
To be eligible for the Regional Relocation Grant, applicants must purchase property in a regional location at least 100 kilometres away from their prior residence in metropolitan Sydney, Newcastle or Wollongong.
The Regional Relocation Grant scheme is administered by the Office of State Revenue (OSR). For details on the application process, please visit OSR’s website at: www.osr.nsw.gov.au/grants/rrg.
The Skilled Regional Relocation Incentive
As part of the changes made to the Regional Relocation Grant scheme, the NSW Government will introduce a new Skilled Regional Relocation Incentive of $10,000 to encourage more people to relocate to regional NSW for employment (including self-employment). The changes are due to take effect from 1 January 2014.
Some of the key criteria for the new Skilled Regional Relocation Incentive will include:
- Proof of residence in a metropolitan area for a continuous period of at least two years;
- Proof of offer of employment or self-employment in a regional area at least 100 km from the prior metropolitan residence;
- Proof of relocation to a regional area such as a residential lease, contract for purchase of house/land or a signed statutory declaration.
Like the Regional Relocation Grant, only one grant per household is allowed, and only one grant can be claimed by each recipient. A household can apply for only one of the two grants - either the Regional Relocation Grant or Skilled Regional Relocation Incentive - not both.
The Regional Relocation Grant and Skilled Regional Relocation Incentive will be available on a 'first-come, first-served' basis until the annual budget allocation for the program is exhausted.
The Skilled Regional Relocation Incentive is also administered by the Office of State Revenue (OSR). For details on the application process, please visit OSR’s website at www.osr.nsw.gov.au/grants.
Together these measures are designed to support efforts to ease Sydney's tight rental market and help to boost population growth and economic activity in regional areas.
For more information on living, working and investing in regional NSW, please visit the Evocities websites: www.evocities.com.au, www.evojobs.com.au, www.evoproperty.com.au and www.evoinvest.com.au. The Evocities campaign promotes the benefits of living, working and investing in one of the seven Evocities - Albury, Armidale, Bathurst, Dubbo, Orange, Tamworth and Wagga Wagga.
The State's traditional manufacturing, mining and agribusiness activities have provided a firm foundation for diversification into high-growth areas such as aquaculture, biotechnology, viticulture and communications.
All regional centres provide the full amenities and utilities of larger cities including mobile telephone and broadband internet access.
Electricity, natural gas and water are readily available throughout the State for business and commercial use. Residential and commercial real estate is cost competitive.
An extensive road and rail network connects regional and production centres to Australia's main metropolitan areas and transport hubs. A number of regional centres act as distribution and warehousing hubs for interstate and intrastate freight movement.
NSW's five ports are located at Sydney, Port Kembla, Newcastle, Eden in the far south and Yamba in the far north, and they service vessels from many international shipping lines.
Freight and passenger air services are available from most cities and towns throughout regional NSW.
Many highly qualified and skilled people live in regional NSW. The skills base covers the spectrum of business activity, from manufacturing to agriculture, and from technology to business and community services.
In addition to Sydney, the State is divided into 13 business regions.
Located in the south east of Australia New South Wales (NSW) offers investors a rich range of natural and human resources toRead More
Talk to an expert
Office of Regional DevelopmentPhone: +61 (2) 9338 6719
or send an email to:Email:email@example.com firstname.lastname@example.org
Related assistance and support
Upcoming eventsNewsletter RSS
- 01/03/2014Asian export opportunity for NSW Agrifood industry
- 06/05/2014Arabian Gateway Global Gathering Conference
- 15/09/2014Fine Food Australia 2014