YOUNG IS A THRIVING REGIONAL CENTRE LOCATED IN THE SOUTH-WEST SLOPES OF REGIONAL NSW
Right from the start it has enjoyed economic diversity as the foundation of success.
Its first European settlement came with farming families, who, under the guidance of the native residents, the Wiradjuri people, soon found the flats along Burrangong Creek to provide perfect shelter for lambing ewes, hence Young's original name of Lambing Flat.
However, gold fever was soon to grip the district and the rush was on with thousands of miners, both European and Chinese, looking to strike it rich at sites across the district.
As the goldfields became exhausted and more of the precious ore could be found elsewhere, many of the miners moved on but others recognised Young's future potential as a rich agricultural centre and the town and district haven't looked back since.
Population growth comparisons are very encouraging; the 2001 census showed the Young Shire Local Government are had a population of 11,274 and this increase by 710 people in 2006 to 11,984 an increase of 6.3% for the period. The current estimated population is 12,035 people.
Over the same period neighbouring towns have experienced mush slower growth and in a number of instances population decline.
Today Young's major industries of agriculture, horticulture, construction, engineering and steel fabrication, retail and service industries mean that residents enjoy stable employment and advancement opportunities along with a very comfortable standard of living.
Young services a population base of 56,000 people who are all within an hour's drive of the town, the town itself is just three and a half hours drive west of Sydney and the shire encompasses 2,693 square kilometres; it is home to in excess of 1,900 individual businesses and this number is constantly growing.
There are excellent transport, power, energy and telecommunication networks all servicing local business which enjoys the luxury of easy access to potential markets servicing in excess of 550,000 people.
The town and district's central location to Sydney, Canberra, Wagga, Bathurst, Orange and Wollongong with approximately 60% of Australia's population just 3.5 to 10 hours driving time from Young makes it the ideal location from which to do business. |
Young: Fast Facts
Population........12,535
Area....... 2,693 sq km
Distance from major centres:
Sydney........... 372km
Melbourne....... 571km
Canberra..........168km
Wagga Wagga...141km
Dubbo............. 270km
Orange.............165km
For more information on Economic Development contact:
General Manager
Young Shire Council
Town Hall, Boorowa Street
YOUNG NSW 2594
Phone: (02) 6382 1688
Fax: (02) 6382 4443
Email: mail@young.nsw.gov.au
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KEY INDUSTRIES
On the rural scene the many farmers, graziers, horticulturalists and viticulturalists who have established themselves at Young have made it one of the largest egg, pig and sheep producers in the state and horticulture is a major exporter of stonefruit, especially cherries.
These industries have encouraged the establishment of value adding in many areas such as flour milling, stock feeds, abattoir and fruit preserves.
The retail sector, which is a mix of locally owned and national retailers, is a great drawcard, with many people travelling long distances to enjoy the convenience of shopping in Young. The latest addittion to Young's offering is that of an ALDI Supermarket, opened in the town during September 2008.
The continued prosperity of the town and district over recent years has seen the construction industry rise to become one of the largest contributors to the local economy. Tradesmen and laborers are being kept busy as building continues on at a steady pace.
Young based major international company, Hydrodec, is proposing to expand their services from their local site.
Industrially Young has various opportunities available including a major industrial subdivison ready to start staged development and the transport links available mean Young really is a great place to do business.
Commercial rentals increased from 30% from 2005-2006 and in 2008 have stabilised.
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FACT
Young's National Engineering constructed the roof of the Olympic Stadium at Olympic Park, Sydney
DEVELOPMENT APPROVALS
The value of development approvals over the past decade demonstrates strong growth
1997/1998 $15,000,000.00
1998/1999 $16,777,619.00
1999/2000 $12,664,103.00
2000/2001 $15,226,699.00
2001/2002 $34,467,612.00
2002/2003 $24,745,747.00
2003/2004 $31,446,300.00
2004/2005 $39,562,513.00
2005/2006 $17,364,243.00
2006/2007 $21,474,112.00
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