economic snapshot

live + work + play

economic snapshot

economic diversity

Lismore’s economy is supported by diversification within its industry sectors. The largest employers are Health Care and Social Assistance (22.9%), Education and Training (12.5%) and Retail Trade (11.5%).

economic snapshot

business growth

Lismore is host to 4,026 (ABS 2018) registered businesses that play a key role in the economic strength and diversity of the region.

economic snapshot

production growth

Lismore’s Gross Regional Product (GRP) was $2.14 billion (NIEIR 2018). (more)

economic snapshot

employment

The total workforce of the Lismore LGA in the year ending 2018 was 23,723, that saw an increase of 3.91% from the previous year.

economic snapshot

affordable living

Lismore’s median house price is $417,178 and $271,813 for units/townhouse (June 2018). Weekly rental costs are consistently lower in Lismore than NSW, averaging $370 and $285 for units/townhouses (June 2018), making it an attractive location for first home buyers.

economic snapshot

development growth

Since 2016 over $294 million in development has been approved within the Lismore LGA: (more)

economic snapshot

skilled professionals

Lismore has the highest level of skilled professionals in
the region with 48.9% of the population aged 15 and over holding a formal qualification (2016) compared to 46.2% in broader Regional NSW.

economic snapshot

health

The Northern NSW Local Health District (NNSWLHD) headquarters in Lismore provides health services to an estimated population of 288,241 across the Northern Rivers area. The NNSWLHD manages 11 hospital facilities with the Lismore Base Hospital the largest hospital in the region. Lismore’s private hospital facilities are located at St Vincent’s Lismore and is the only private hospital between Tweed Heads and Coffs Harbour, with 86 beds and hosting 97 credentialed practitioners addressing 25 specialties. (more)

economic snapshot

education + training

Lismore, the birthplace of Southern Cross University, offers dynamic courses that respond to community and industry needs. The campus includes state-of-the-art science and engineering facilities, a contemporary library and specialist music and visual arts studio. Business collaborations are welcomed and common at Southern Cross University. (more)

economic snapshot

arts + culture

Lismore LGA benefits from a rich creative ecology, which makes it an ideal place to live, work and create. The city is home to artists, performers and makers’ across every discipline including; musicians, designers, painters, theatre makers, writers, photographers, film-makers, artisans and new media specialists. The Northern Rivers has the highest number of creative practitioners and businesses outside the capital cities with the greatest concentration located in the Lismore LGA.

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agriculture

Lismore LGA is home to a diverse number of agricultural industries such as blueberry, macadamia, timber and wood products, dairying, cattle, hemp, pecans, tea tree and stone fruit. Lismore is home to the Australian Macadamia and Blueberry Industry headquarters, NORCO, Australia’s second largest ice-cream producer and a newly established medicinal cannabis facility.

economic snapshot

tourism

In 2017/18 the Lismore LGA hosted 861,400 visitors contributing $155.7 million to the local economy (TRA NVS & IVS, 2017/18).

economic snapshot

manufacturing

Manufacturing growth is accounted for by an increase in food production, primary metal and metal products. Nimbin is the home of The Australian Hemp Masonry Company, providing energy efficient and carbon neutral building materials. Lismore is home to specialist metal manufacturers supporting agribusiness and food and product manufacturers, as well as home to one of Australia’s fastest growing organic cleaning product manufacturers.

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