Melbourne East The Economy by Sector – Melbourne East
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The Economy by Sector

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Our regional economy is strong, diverse and growing, with the ability to support multiple sectors and promote collaboration.

Professional sector

30,000 jobs, of which 13,600 are involved in advanced design, technology, science and research. Combined, they generate $8 billion in sales and $1.2 billion in exports.
2,500 new jobs added between 2006 and 2011

Health sector

58,000 jobs across 20 major health facilities and 6,000 businesses and organisations, generating $5.4 billion in sales per year.
Health and pharmaceuticals manufacturing is a dominant employer in the regional economy, contributing 2,000 jobs.
7,400 new jobs added between 2006 and 2011

High Technology Manufacturing sector

Reflects the strong technology, health and research and development opportunities, with Technical Equipment and Appliance Manufacturing generating $7.8 billion in sales (including more than $4.1 billion in exports),and Pharmaceutical Product Manufacturing generating $1.6 billion in sales.
Together they contribute 10,500 jobs

Visitor Economy sector

Is currently estimated to generate more than 15,200 jobs – including more than 3,300 jobs in the Accommodation & Food Services sector.
Every 2% growth in employment in the Accommodation & Food Services sector will generate more than 225 direct and indirect jobs.

Education sector

Dominates the Melbourne East economy with three of Australia’s major universities

– Monash, Deakin and Swinburne – boasting collective enrolments of over 130,000 students and supporting the development of the region through research and innovation.
The region is also home to a high number of well-regarded schools.

The tertiary education sector contributes 12,000 jobs, and the wider education sector 40,000 jobs and generates $4.9 billion in total revenue.

Retail sector

Australia’s largest industry, retail, is well represented through the region in terms of employment. This is reflected in the vibrant shopping strips and centres through the region.

Construction sector

Is expanding (2,000 jobs from 2006 to 2011).Each 500 construction jobs generates more than 1,400 direct and indirect jobs.

Key construction projects already or soon to get underway in the region include:

  • Doncaster Hill – Westfield Doncaster retail ($600M),
  • Redevelopment of the Ringwood retail and rail station precinct ($721M)
  • Redevelopment of Westfield Knox ($500M)
  • Box Hill Art Series Hotel ‘The Chen’ commercial and residential development
  • Wantirna Health Precinct – expansion of Knox Private Hospital
  • Monash Health Precinct – a new Monash Children’s Hospital ($250M) to be completed in 2015