People
The Town Centre will help accommodate Sydney’s growing population.
Over the next three decades, Sydney will need an extra 640,000 homes to cater for its population growth. The majority of those will be created by redeveloping existing areas, putting Green Square Town Centre in a strong position to benefit from Sydney’s growing population.
Who are the new residents of the Town Centre likely to be?
The evidence suggests that the majority of them will be younger, white-collar couples and singles. Figures from the 2001 Census show a rise in the number of young, professional people living in the South Sydney locality. The area had a relatively young median age of 33, while the number of residents who were professionals was up 3.5 per cent on the previous Census.
These household typically have high incomes and are seeking appropriate retail and leisure facilities as part of their cosmopolitan lifestyle. The Green Square Town Centre will tap into this demographic as the drivers for retail and residential development.