With all due respect, we are very fortunate that the North Shore, Inner West, North-West and Eastern Suburbs of Sydney where most of our clients are for domestic and commercial refrigeration services are not highlighted in the excerpt report below for the poorest suburbs in Sydney.
They say Sydney is becoming a ghetto which we truly believe this is not the case. Multicultural communities yes!
In relation to commercial activities, it is obvious that the main cities enjoy much higher investments. As can be seen in this article, North Sydney New Food Precinct by North Sydney Council is looking forward to increase business activities. Those so called “poorer” suburbs highlighted in the report have enjoyed investments albiet at a much lower and no farcical level.
“Half a century ago, the great Aussie dream was clear cut : a quarter-acre home in the suburbs, a job for dad and 2.4 kids for mum.
But the fibro-cladding on the Sydney suburban dream is crumbling.
Jobs have been sucked east back to the city. Former inner-city slums have transformed into exclusive enclaves of wealth and opportunity.
Meanwhile, Sydney’s western suburbs have fallen behind. A new Fairfax Media analysis reveals just how far.
After taking account of inflation, all of our top 10 poorest postcodes went backwards over the decade, any meagre income gains eaten up by rising prices.
Meanwhile, the city’s richest 10 postcodes all enjoyed outsized income gains, despite the global financial crisis.
Astonishingly, the city’s richest postcode – the eastern suburbs postcode that houses Point Piper and Darling Point – also enjoyed the fastest income growth of any Sydney postcode.
The figures reveal a deepening divide between haves and the have-nots in our glittering harbour city.
Particularly, they reveal the growing gap between Sydney’s affluent east and north and its middle ring suburbs to the west and south.
They explode the myth that a rising tide will always lift all boats and reveal a distinctly geographical aspect to growing income inequality in Australia.
“You’re highlighting the failure of the labour market to support people’s ability to afford decent homes,” observes Bill Randolph, the director of the City Futures Research Centre at UNSW.
This “suburbanisation of disadvantage” was the result of changing job trends and the concentration of job opportunities back into the CBD and a handful of hubs such as Parramatta, Norwest and Macquarie Park. “In effect, the old crisis of the inner city has been substituted by a new crisis of suburbia.”
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