Weddin

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Why Choose WeddinWeddin Central West NSW Investment Opportunities

Weddin Profile

Economy

Investment Opportunities

Who to Contact

 

Why Choose Weddin

Weddin Shire is a well-connected region within the Central West of New South Wales and combines the benefits of a rural location with proximity to a wide variety of regional centres.

  • Weddin is 5 hours drive from Sydney and 2 hours from Canberra.INVEST-Weddin
  • Weddin Shire has excellent connections to regional centres such as Forbes and Cowra, and within 2 hours of Orange, Wagga Wagga and Dubbo.
  • Access to a skilled and loyal workforce.
  • The service centre of Grenfell has experienced significant growth over the last few years, attracting professionals seeking a high quality, low stress lifestyle.
  • Weddin Shire provides a low cost, well-serviced location with a reliable workforce to establish your business.
  • Weddin is classified as an Outer Regional Area (RA3) by the Department of Health and Ageing. Medical professionals moving from major city areas to Parkes may be entitled to relocation and retention benefits from the General Practice Rural Incentives Program.

 

Download the Weddin Regional profile

 

Weddin Profile

 

Population Icon Population  – 3,711 persons live in the Weddin region

 

Employees Icon

Employment – 1,454 persons are employed

 

Average Age Icon

Average age – 44 years

 

Education Icon

Education – 43.9% of the population is Tertiary Qualified

 

Household Composition Icon

Household Composition – 61% of families are a Couple with dependent children

 

Weekly Wage Icon

Weekly Wage – $756

 

Median House Price Icon

Median House Price – $170,000

 

Sources: ABS Census (2011) ERP (2013), Cat 8731, DEEWR (2014), NIEIR (2014), Housing NSW (2014)

 

 

Weddin Economy

 

GRP IconGross Regional Product

$126 million

The Weddin economy represents around 1.3% of the Central West regional economy. Between 2006 and 2011 the LGA experienced a population increase of 0.66%.

Weddin Shire’s economy is focused around agriculture which makes up 37.7% of the economy. Other important sectors include Education and training, Transport and warehousing, Construction and  Wholesale trade.

Weddin Shire’s agriculturally-based economy is comprised of many family-owned farms Wheat and agriculture Central West NSWspecialising in grain and lamb production. While agricultural activity underpins the region’s economy, there has been recent growth in heritage tourism and the professional business sectors.

The main agricultural activities include crop production of canola, wheat and lupins, and beef and lamb production. There are a range of opportunities to develop this sector and associated industries.

 

Key Industry Sectors

The largest sectors in the Weddin economy by total output include:

  • Agriculture
  • Education
  • Transport and warehousing
  • Construction
  • Wholesale trade

Industry SectorGRP ValueGRP %
Agriculture$47.6 million37.7%
Education and training$11 million8.7%
Transport and warehousing$7.9 million6.3%
Construction$7.4 million5.9%
Wholesale trade$6.3 million5.0%

Sources: ABS Census (2011) ERP (2013), Cat 8731, DEEWR (2014), NIEIR (2014), Housing NSW (2014), , A.P.SHEERE CONSULTING (2015)

 

Weddin’s Top 5 Employers

The main industries by employment in Weddin are:

  • Agriculture
  • Health care
  • Education
  • Retail
  • Construction

Industry Sector% Employed
Agriculture36.5%
Health care9.8%
Education8.5%
Retail8.0%
Construction5.2%

Sources: ABS Census 2011, NIEIR (2014), A.P.SHEERE CONSULTING (2015)

 

Investment Opportunities

AGRICULTURAL VALUE ADDINGwp_caption_img

With the strength of the local agricultural sector, there are opportunities to value-add to products locally, primarily through further processing and manufacturing.

 

HEALTH CARE

Opportunities are available to provide services in the aged care sector to accommodate an aging population.

 

TOURISM

Weddin Shire’s heritage is well-preserved, with its old-fashioned charm attracting visitors looking to take a break from a fast-paced lifestyle.

 

 

Emerging Sectors

  • Health careWeddin-Business
  • Tourism
  • Agricultural Value Adding

 

Gaps in Facilities and Services

  • Transport services

 

Incentives and Land Availability

 Local investment incentivesWeddin-Main-St

Land can be purchased under a five-year interest free mortgage from Council. Weddin Shire Council will consider other incentives for businesses looking to locate in the area, as well as providing additional incentives to skilled trades people.

 

Land availability and business locations

Grenfell’s Industrial Estate has up to 8 hectares of land available starting from just $11 per square metre. Land can be purchased under a five-year interest free mortgage from Council.

 

Who to Contact

Weddin Shire Council

Economic Development and Tourism Officer

Camp and Weddin Sts, Grenfell NSW 2810

Phone 02 6343 2855

Email: edo@grenfell.org.au

www.weddin.nsw.gov.au