BUSINESS CONFIDENCE RUNS HIGH IN NSW
Gladys Berejiklean has been sworn in as the new Premier of NSW and I have been greatly honoured with the new responsibility of Minister for Multiculturalism and Minister for Disability Services. These changes have occurred at a time when business confidence is stronger than ever, which is key indicator of the strength of the NSW economy.
Businesses are more confident investing in NSW than any other mainland state. The findings, recently released as part of the NAB Quarterly Business Survey – December 2016, ranked the state as having the strongest current business conditions of any state. The results reinforced the State’s status as Australia’s leading economy.
The report backs up what the NSW Government have been saying all along, that NSW is the best place to start a business. The NSW government has gone to great lengths to invest in improving infrastructure, removing overburdening red tape and simplifying regulation to help businesses thrive. Our work is paying off with NSW continuing to outstrip all other mainland States and territories in terms of business confidence and conditions.
The Survey indicated that the 12 months outlook on business conditions in NSW was the most positive among all mainland States. The new report comes after the release from ABS, which showed more than 72,000 dwellings were approved in 2016 above the state target of 50,000. The NSW Government are committed to increasing housing supply to make housing more affordable for all. Since the Liberal-National Government was elected in 2011, there have been more than 310,000 new homes approved across NSW.