Economic Profile
The City of Monash covers an area of 82 sq km some 20 km south east of the CBD and encompasses the demographic centre of Melbourne.
There are about 176,000 residents in the City, which is in the heart of Melbourne's fastest growing population corridor and strategically placed amongst suburbs with a high concentration of managers and professionals.
The suburbs of Glen Waverley, Mount Waverley, Wheelers Hill, Clayton and Oakleigh are within the City with the commercial areas of Glen Waverley and Oakleigh designated as Regional and Sub-Regional Activity Centres, respectively.
economy.id
The economic profile addresses the following questions:
- What is the size of the local economy?
- How is the local economy performing?
- What is the economic base of the local economy and how is it changing?
- What is the contribution of each industry sector to the local economy?
- How many businesses are in each industry sector and what is their size?
- Where are jobs in each industry sector located?
- What are the characteristics of the workers in each industry sector?
- Where do the workers come from and how do they travel?
- Where do the residents work and how do they travel?
- What are the local labour force characteristics?
- What potential skills and knowledge can be drawn from the regional labour force?
- What are the infrastructure and asset advantages of the local area?
economy.id: www.id.com.au/economy/monash
The key economic strengths of the municipality are:
- Sound infrastructure
- Strategic location in the heart of eastern and south eastern Melbourne
- Diverse and highly skilled workforce
- Major research and educational institutions
- Culturally diverse community
- Attractive urban environment with high quality commercial and residential sectors
- Good business support services
- Chosen by major corporates
- Rapidly growing Information Technology and Telecommunications Sectors
- Strong in value added manufacturing
- Excellent transport linkages
Further information: www.id.com.au/monash/commprofile
Employment and Industry Statistics
Key employment and industry indicators for the City of Monash show that:- There are about 11,500 workplaces employing more than 88,000 people
- 18.2% of this workforce is in manufacturing; 21.3% in retail and Wholesale; 18% in property and business services and 11.3% in education
- Monash has an important employment focus within the region providing jobs for 9.7% of the resident workforce in Casey, 9.0% of the resident workforce in Knox and 6.6% of the resident workforce in Greater Dandenong
- More than 24.3% of Monash residents work in the municipality
- 38.6% of Monash residents work in a managerial or professional capacity, 26.1% are in the clerical and sales area, while 13.3% are tradespeople
- 28.5% of the population have a post-secondary qualification with 21.2% having a bachelor degree
- 39.8% of residents were born overseas in more than 30 countries
- There are five free-standing shopping centres and six significant strip shopping centres in the municipality
- An area of about 800 ha is zoned to allow for general and light industrial, business and office type usages.
The City of Monash is committed to encourage appropriate economic development by capitalising on these strengths and has chosen Site Value as the basis of its rating system to encourage further investment.
Last updated: 22 February 2011
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