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2014 YEAR BOOK The year in review

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4 Editorial -Federal government a disappointment but there is good news for the Coast 5

$ 190 million residential hotel and retail development for Gosford CBD

+

Cordina opens manufacturing facility at North Wyong 8 Chinese theme park planned for Warnervale

Central Coast Regional Airport

Warnervale Town Centre project

Major refurbishment for Gosford CBD shopping centre

Woolworths Warnervale shopping centre

New role for Gosford Race Club with event precinct

9 Chinese investors buying up across the Coast

6 Old Gosford Primary School demolished and ready for sale

11 Grammar top performing school

West Gosford commercial and retail precinct

12 More residential land opening up 13 NBN set to reach 54,000 Coast homes in next year

Early 2015 start for Terrigal residential project

Wyong Council’s infrastructure priorities

7 $12.7 million Performing Arts Centre for Wyong

14 Central Coast Economic Indicators

Work starts on Mariners’ Centre of Excellence Tuggerah

15 Central Coast Business Excellence Awards

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Central Coast Business Review Central Coast Business Review is a Registered Trade Mark of Adams Business Publications Pty Ltd P.O. Box 3259, Erina, NSW 2250 Phone: (02) 4367 0733 Fax: (02) 4367 0744 Email: info@ccbusinessreview.com.au Typesetting by Graphic by Design ph (02) 4365 6777 Print & Distribution by Bromley Direct ph 0412 439 773 © Adams Business Publications 1994. All rights reserved.

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One region | Countless opportunities CENTRAL COAST BUSINESS REVIEW YEARBOOK 2014

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4

FOREWORD

Federal government a disappointment but there is good news for the Coast WELCOME TO OUR 2014 Year Book – The year in review. In this edition you will read the major stories that affected and will affect our region in the years to come.

My Editorial in the 2013 Year Book said, Foundation laid for investor confidence. This year it has been more of the same except that the investors are now here and more are coming.

For the Central Coast 2014 dawned with all in positive mood following the election of the Abbot Government in September the previous year. However by April / May the confidence boost was waning as consumers took fright with the prospect of a Budget that turned out to be very badly sold. This spilled over into the business market as consumers’ euphoria evaporated and they buttoned up their wallets. It’s been the same ever since.

The Central Coast economy, always on edge with its lower socio economic demographic feels these hardships more than those in the cities. So it is that all the businesses CCBR has been talking to in recent months, retail in particular, are voicing negative comments.

The difficulties for nearly all businesses, apart from the economic issues, are employment and the policies put in place by the previous Labor Government that might have been union friendly but are definitely aimed against the employer. The

cost of employing people outside of regular hours Monday to Friday simply cannot be supported in the 7-day trading environment we now live in. But that’s not all of the story. During the year Warwick Ryan, Partner with SWAAB Attorneys specialising in industrial relation and workplace issues wrote on the issues that are making it almost impossible to employ even a modest workforce.

The Abbot Government simply doesn’t get it. They don’t realise that more and more businesses are putting off staff and in the end closing their doors.

At the same time the Baird Government has abandoned the Central Coast, thanks to the disgraceful conduct of three of the local Liberal members, and put its focus on Western Sydney. How the Premier of NSW can also be the Minister for Western Sydney is beyond belief.

Enter businessman John Singleton and his Forgotten Coast campaign in the Sydney press and locally.

Hopefully this campaign will focus the government on our region and ensure that we get our fair share from the budget as well as our fair share from the sale of the ‘poles & wires’.

Meanwhile, we have to say that there is much reason to be positive about the Central Coast’s future when we look back on 2014 and look forward to 2015.

Both Gosford and Wyong Councils have a strong focus on growth and at a local level this is essential.

As one drives around the region we see new buildings under construction and many public works projects being carried out by the councils.

Wyong Council underwent considerable management changes a few years ago and with a new senior executive has come out with its vision for the future.

The management changes at Gosford Council introduced at the start of this year has put in place a new team of directors and managers who now have the job of changing a do nothing culture that had existed for the past 30 years.

The change of councillors at the 2012 local government elections had an immediate effect on Gosford which saw the appointment of a new CEO as well as a desire to get Gosford moving. It is happening.

Both Councils are encouraging investors and this will have a major impact on the region in the years to come.

Just read the stories in this 2014 Year Book. We have every reason to be positive – regardless of the federal and state governments.

Edgar Adams Editor

Realise the opportunities; enjoy the advantages Over the next 20 years, Wyong Shire will be a key NSW growth centre gaining the highest number of new residents in the combined Hunter, Newcastle and Central Coast regions.

We invite businesses, developers and investors to talk about commercial opportunities in Wyong Shire:

•

Central location close to Hunter Valley, Newcastle and Sydney

•

Within 2 hrs’ drive of 4.9M+ people

•

Great coastal lifestyle

• • • • • •

•

Early roll out of NBN

•

Proactive Council supporting you

•

Greenfield development sites

New university & business precinct in Warnervale Warnervale Town Centre & residential development New Central Coast regional airport 28 iconic sites with development incentives Rejuvenation of town centres Warehousing, distribution and freight hub

Find out more about doing business in Wyong Shire. Call our Property and Economic Development team on +61 (02) 4350 5555, email wsc@wyong.nsw.gov.au or visit www.wyong.nsw.gov.au.

CENTRAL COAST BUSINESS REVIEW YEARBOOK 2014

MA JOR STORIES

$190 million residential, hotel and retail development for Gosford CBD In August 2014 a development application lodged with Gosford Council for a 28-storey twin tower mixed use development on the corner of Mann and Donnison Streets, Gosford.

To be known as Mariners Plaza and developed by Sydney based Gosford City Development Pty Ltd the project, with an estimated value of $190 million, will comprise two residential towers above a podium containing a 134 room premium quality hotel with function rooms, gym and pool deck and associated restaurants, bar etc., along with street level retail spaces and supermarket and provide underground parking.

Major refurbishment for Gosford CBD shopping centre

The Lederer Group, owners of the Imperial Shopping Centre Gosford appointed building company Pluim Constructions to undertake a $15 million refurbishment of their property which commenced in late 2014.

The plan for the Centre features a new

60

double height glazed entry at the Erina Street entrance, an expanded food court and a stunning new external facade across the three street frontages. Shopping centre design consultancy Krikis Tayler Retail have been appointed designers for the project

New role for Gosford Race Club with event precinct

Gosford Race Club’s $4.8 million redevelopment project opened in November which will see its facilities enhanced to become a diverse, multi-purpose community facility, and be known as The Entertainment Grounds Central Coast.

Opened by Chairman, Michael Cusick, the facilities are aimed at making the venue the premier entertainment precinct for functions, events, festivals and exhibitions as well as horse racing on the Central Coast with the capacity to accommodate events and functions for up to 10,000 people.

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BROADBAND NEWS

Early 2015 start for Terrigal residential project PTL Land Pty Limited will commence construction of their Pine Tree Apartments project in Pine Tree Lane, Terrigal in early 2015.

Marketing of the project started in mid 2014 and Managing Director, Andrew Cochrane reported that by early November 60% of the project had been sold.

Pine Tree Apartments will comprise about 50 architecturally designed 1, 2 and 3 bedroom apartments including 3 penthouses on the top level optimising its premium location close to the beach, shops and

Old Gosford Primary School demolished and ready for sale

The last buildings on the former Gosford Primary School site on the Gosford Waterfront will be down by the end of November services in Terrigal. Streetfront retail spaces, with extensive outdoor areas, are aimed at attracting cafes, restaurants, wine bars and associated specialty shops.

Early 2015 start for Terrigal residential project The past three years have witnessed a transformation around West Gosford as the Riverside Park development nears completion. A new $40 million Bunnings Warehouse was completed and opened in early 2014 and work on the $170 million West Gosford Intersection will be completed in 2015.

Riverside Park - A consortium headed by the Gibbens Group is completing the development of the Riverside Park project at West Gosford with front-

ages to Pacific Highway and Manns Road. This multi-million dollar development covers an area over 100,000 sqm and includes a 4-level, 6,300 sqm Office Tower development completed in June 2013 and a Masters Home Improvement store that opened in early 2014 as well as a Storage King self storage facility.

The final stage of this development, a Homemakers Centre is under construction with a planned opening in 2015..

The Minister for Planning and Infrastructure, Brad Hazzard MP announced in February 2014 that the Government had approved the rezoning of 9.9 ha on Gosford’s waterfront – the site of the Gosford Primary School After relocating the Gosford Primary School to a new site in Gosford, the State Government put the former school site on market with expressions of interest closing on 14 November 2014.

With demolition of the school expected to be completed by end December the 1.56 ha site overlooking Gosford waterfront is expected to attract plenty of buyers.

The site has the potential to unlock the only major site on the Gosford Waterfront.

The Central Coast Regional Development Corporation which has carriage of the sale on behalf of the NSW Government is expecting that the site will be developed for commercial purposes and be a catalyst for further development of the Gosford CBD.

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6

7

MA JOR STORIES

Work starts on Mariners’ Centre of Excellence Tuggerah With more than 60% of the project leased or sold work started in November on the construction of the commercial office as part of the Mariners Centre of Excellence the first stage of which is the demolition of the former Club Tuggerah building.

Local builders, North Building and Construction Pty Ltd, say the demolition will be completed by Christmas and building construction started immediately after.

Estimated build time for the $20 million project is twelve months allowing for weather.

The six-storey corporate office building will comprise around 10,000 sqm of space for the Central Coast Mariners

Administrative Office, medical centre and allied health services plus extensive car parking.

The Mariners Centre of Excellence complex comprises training headquarters for the Central Coast Mariners plus 8 fivea-side and 2 seven-a-side all-weather pitches leased to Soccer5s and an aquatic centre leased to YMCA Swim Schools.

Central Coast Mariners owner Mike Charlesworth said that his vision is to turn

the site into a business and sporting hub of the Central Coast with the Socceroos eventually based there.

$12.7 million Performing Arts Centre for Wyong Construction has started on The Arthouse Performing Arts and Conference Centre costing $12.7 million with the project scheduled for completion by December 2015.

This important cultural facility will comprise a 500-seat auditorium, 130-seat studio space, meeting rooms, foyer and exhibition area and front and back of house facilities and will revitalise culture and the arts in Wyong Shire.

Other projects planned as part of the Anzac Avenue civil and cultural precinct rejuvenation include the refurbishment

of Frank Balance Park a modern office and retail building at the corner of Hely Street and Anzac Avenue.

A development application has been lodged as a Stage One proposal for a six storey building, with five storeys of commercial space above a retail ground floor.

It includes proposals for landscaping, a roof top terrace, 50 underground car parking spaces and outdoor dining, with the development valued at approximately $19 million.

Stage Two proposes a Masterplan

approval for mixed use development and associated car parking, the details of which will be subject of a future DA

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MA JOR STORIES

Chinese theme park planned for Warnervale

Photomontage of proposed Chinese Theme Park at Warnervale The owners of the proposed Chinese Cultural Theme Park at Warnervale have unveiled their plans for the development of a Chinese Theme Park with a Development Application to go before Wyong Shire Council in December.

The ambitious $500 million project by Australia-China Theme Park Pty Ltd will see a 15 hectare site adjacent to Warnervale Airport developed in stages. The first stage is the Thanksgiving Temple which includes three main buildings and statues of “White-robed

Cordina opens manufacturing facility at North Wyong In August Cordina Chicken Farms Pty Ltd opened a new purpose-built food manufacturing facility at North Wyong to produce fresh and frozen, ready-toeat gourmet chicken products.

The first facility is the first of its kind in Australia and represents a level of innovation never seen before in the Australian chicken and meat manufacturing industries.

Cordina is working with a major supermarket chain to launch a large range of products which will come from the new facility.

The new plant is expected to create up to 93 new jobs when fully operational.

A family owned business currently employing over 500 people, Cordina Chicken Farms was established in 1948 in Girraween by Rosario Cordina and his son John exporting chicken meat to the United Kingdom and now exports worldwide.

Cordina already sources a substantial amount of its chicken produce from broiler farms on the Central Coast.

The arrival of Cordina will also provide a climate of greater stability for Central Coast chicken broiler farms, further strengthening this industry sector which is worth between $131 million and $186 million to the regional economy each year.

Central Coast Regional Airport project

Map extract showing site of proposed regional airport CENTRAL COAST BUSINESS REVIEW YEARBOOK 2014

Wyong Shire Council has committed $2milllion towards studies to determine the feasibility of a regional airport for the Central Coast in the north of Wyong Shire. In June 2014 Council purchased 230 hectares of strategic land holdings adjacent to the proposed airport of which 87 hectares is approved for an industrial subdivision. With strong public and Federal Government support Council is aiming to have this airport established and operational by 2020. It is commencing studies in 2014-15.

Guanyin” and “Thousand-hand Guanyin”. The theme park will have 12 main sections – including the Meridian Gate, Thanksgiving Temple, Zheng He’s Treasure Ship, Arts and Crafts Workshop, Spring Festival Square, Panda Paradise and much more.

Warnervale Town Centre project The Development Control Plan (DCP) for the new Warnervale Town Centre received approval from the NSW Department of Planning and Infrastructure in September 2012.

Since then Wyong Shire Council has approved construction of a GP Super Clinic Medical Centre (completed in November 2012) and approved a $154 million Woolworths Shopping Centre now under construction along with a 125 block subdivision by property developers Yeramba Estates. Council has also invested substantially, with funding assistance from State and Federal Governments, in infrastructure including roads, water and sewerage works to enable the project to proceed

Woolworths Warnervale shopping centre Supermarket giant, Woolworths Limited, through their development company, Fabcot Pty Ltd, is about to start construction of a $154 million retail precinct within the proposed Warnervale Town Centre and r a retail, commercial and leisure development.

9

MA JOR STORIES

Chinese investors buying up across the Coast WHILE AUSTRALIAN INVESTORS dither over the opportunities that appear to be everywhere on the Central Coast, Chinese investors can’t believe their luck and are buying up investment and development opportunities across the Coast.

Magenta Shores One of the first Chinese consortiums to find the Central Coast was Rich Sea International Pty Ltd which acquired the Magenta Shores residential, resort and golf course property developed by the Mirvac Group.

March 2014 saw the company announce that they would develop the remaining residential land on the site with a limited beachside land release and had lodged a DA with Wyong Council.

Kooindah Waters Residential Golf and Spa Resort The Chinese backed developer Harman Global Holdings purchased Kooindah Waters Residential Golf and Spa Resort in July and remaining undeveloped residential lots from Investa Group in an off-market transaction.

The company subsequently announced that it would invest $100 million and proceed with plans for a suite of developments including over 100 boutique houses, a 120 room hotel and improvements to the existing resort including improved function rooms enabling the Wyong Shire to attract bigger conferences and events.

Ethan He, CEO of the residential project marketing company Harman, says his company’s vision is in sync with Council’s bigger

picture for Wyong, addressing the need for niche housing, a marketable tourism identity and major economic investment.

Chinese theme park planned for Warnervale Bruce Zhong, Chief Executive of Australia Chine Theme Park Pty Ltd which acquired 15 hectares of land adjacent to Warnervale Airport last year has announced that he is about to lodge a DA with Wyong Council to develop a Chinese theme park at a cost of $500 million. (see story Page 9) 39 hectare ‘Klumper Site’ The Entrance A Chinese investor is reported to have acquired some39 hectares of land adjacent to the lakefront at The Entrance, owned

by Terrigal Grosvenor Lodge Pty Ltd and known as ‘The Klumper Site’, for an undisclosed sum.

At the same time the buyer also acquired a development site on Henry Parry Drive, Gosford with intentions to immediately commence construction.

Union Hotel site Gosford

Peter Zhu lodging his development application at Gosford The most ambitious development project to hit Gosford in over a decade has resulted in a development application being lodged with Gosford Council for a 28-storey mixed use development on the corner of Mann and Donnison Streets in Gosford (see story Page 5).

To be known as Mariners Plaza and developed by Gosford City Development Pty Ltd headed up by Peter Zhu,the project, with an estimated value of $150 million, will comprise two residential towers above a podium containing a hotel, licensed pub, retail spaces and supermarket. It will be built over a site area of 5,462 sqm.

CONTINUED ON PAGE 12

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Call 131 225 CENTRAL COAST BUSINESS REVIEW YEARBOOK 2014

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POLITICS

Premier Baird needs to focus on Coast THE CENTRAL COAST was rocked when, in December 2013 long time Liberal Member for Gosford and more recently Terrigal and Minister for Energy as well as Minister for the Central Coast, Christopher Hartcher resigned from Cabinet over revelations at the ICAC inquiry .

At the time he said, “my resignation follows the issue of a search warrant by the Independent Commission Against Corruption against me.” He concluded, “I am confident I will be cleared of any wrongdoing.

Premier, Barry o’Farrell, who subsequently fell on his sword over damning allegations against him in early 2014, appointed Fair Trading Minister and Member for Lane Cove, Anthony Roberts, Minister for the Central Coast.

In February 2014 the ICAC commenced investigating allegations of electoral funding irregularities in respect to the last State Election in 2011.

The circus that followed saw Premier O’Farrell and two more Central Coast Liberal MPs dragged into the inquiry. Member for The Entrance, Christopher Spence and Member for Wyong, Darren Webber stood aside from the parliamentary party.

Subsequently both chose to retire and not contest the 2015 election.

As for Mr Hartcher, he remained the Member for Terrigal for all of 2014 however on November 12 he rose in parliament to give his valedictory speech that failed to mention his starring role in the ICAC proceedings throughout much of 2014.

After 27 years in politics representing Gosford and Terrigal – gone!

Meanwhile, following the resignation of Barry O’Farrell and the appointment Michael Baird as Premier in April 2014, the Central Coast got another Minister to represent them. Rob Stokes Member for Pittwater on Sydney’s northern beaches was appointed Minister for the Central Coast. The tenth Minister in fourteen years!

State Election 2015 It is now an accepted fact that the Central Coast has been neglected for a long time. Successive governments over more than fifty years have found it too hard to bother with a region that is broken up into waterways, lakes, national parks and mountains that separate almost every village and town in the region. This, coupled a higher than average retiree population, high proportion of welfare recipients all of whom are happy with the status quo, supported by a negative media, has resulted in an economy that has been sinking for more than ten years.

Enter John Singleton. The well known businessman and Mt White resident is a passionate believer in the Central Coast.

He has convinced the Murdoch Press to change their negative attitudes and come out in support of the region in the lead up to the 2015 election.

He is reportedly spending over $250,000 on a campaign to force the government to take the Central Coast seriously. This includes extensive ads in Sydney’s Daily Telegraph and the Central Coast ExpressAdvocate. Both papers have picked up on the Our Forgotten Coast campaign. Mr

Singleton is now looking for solid commitments from the Baird Government as well as looking for independents to stand in each of the four state seats in the region.

A conga line of Central Coast Ministers In 1995 the Carr Labor Government decided to appoint regional ministers who while having other department responsibilities they had specific responsibilities for one of the regions in NSW. They were a clever stunt by Carr take the heat off a very city focussed government. Strangely the first appointment by the Premier wasn’t until 2000.

In fourteen years the region has seen a passing parade of Central Coast Ministers: John Della Bosca 2000 – 2005 Grant McBride 2005 – 2007 John Della Bosca 2007 – 2009 John Hatzistergos 2009 - 2 weeks Nathan Rees Premier* 2009 - 3 months Ian Macdonald, 2009-10 6 months John Robertson 2010 - 2011 Chris Hartcher 2011 – 2013 Mike Gallacher 2013 - 2014 Rob Stokes May 2014 *Premier Rees, in taking on the job as Minister for the Central Coast, appointed Member for Wyong David Harris as Parliamentary Secretary Assisting the Premier for this portfolio.

If the Premier has any interest in the Central Coast he will keep Stokes on as Minister for the region and break the chain.

Contact Gosford City Council, 49 Mann Street (PO Box 21) Gosford NSW 2250. (02) 4325 8222. gosford.nsw.gov.au

CENTRAL COAST BUSINESS REVIEW YEARBOOK 2014

GosfordCityCouncil

@gosford_council

MA JOR STORIES

Grammar top performing school

The pleasant Central Coast lifestyle and a top private school one hour from Sydney is attracting more and more families to the Coast.

As a result Central Coast Grammar School’s enrolment for 2015 will be the highest since the school’s inception – and nearly 20% of new students are relocating from Sydney, interstate and overseas.

The construction of the school’s $10M Performing Arts Centre this year allows CCGS to broaden its performing arts programs and attracts the very best teachers to work in the most inspiring of learning spaces. The Centre comprises a 750 seat tiered theatre, large stage, mechanical orchestra pit, catering kitchen and a number of music tutorial studios and computer labs – suitable for school productions or for events hosted by the wider community. “The delivery of such an amazing and complex project is a vote of confidence for the region and is building

a bridge to the wider arts community on the Coast,” said Headmaster Bill Low. Families want to be confident that their children will reach their academic potential and being named in the Weekend Australian’s Top 50 Coeducational Senior School production of Aida in the Performing Arts Centre Auditorium Schools in Australia (Your School 2014, 21-22 June 2014) is tesCCGS has been able to achieve this high tament to the continuous improvement the level of academic performance whilst mainschool is achieving in academic outcomes. taining a strong focus on the whole student “Our NAPLAN results for 2014 were outand has significantly increased its cocurstanding. The performance of our students ricular and international programs over the was exceptionally strong, achieving above last five years. the State and other Independent Schools in As the school looks forward to its 30th all areas,” said the Headmaster. “Our NAPLAN anniversary in 2015 it has truly come of age results and The Australian’s report positions and is looking confidently towards an excitCCGS as a top performing school Australia.” ing future.

CENTRAL COAST BUSINESS REVIEW YEARBOOK 2014

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MA JOR STORIES

More residential land opening up THE NSW DEPARTMENT of Planning is saying that population growth on the Central Coast will increase from 328,000 in 2011 to 354,800 in 2021 and to 386,900 by 2031. 67% of that growth will be in Wyong.

Wyong Council reports that approximately 700 lots are currently under construction or in the pipeline in the Wyong Shire.

Subdivision Construction Works for 2014 to the end of October show that the major developers; A V Jennings, Rosecorp, Darkunjung Land Council and Urban Growth NSW (formerly Landcom).

Thomas Paul Constructions have a master planned estate of 96 dwellings underway at 690 Pacific Highway, Hamlyn Terrace.

The Rose Group have 190 lots at Kanangra Drive, Gwandalan which they are marketing as Lakeside Gwandalan, AV Jennings are now marketing 83 lots in Louisiana Road, Hamlyn Terrace.

The Darkunjung Local Aboriginal Land Council are proving to be the major property developers in the region. Their Menindee Ridge development at Blue Haven comprises 109 lots.

Overall, the number of approvals or DA’s lodged add up to: 189 lots Hamlyn Terrace 221 lots Wadalba 114 lots Blue Haven 190 lots Gwandalan 5 lots Summerland Point Across the board Development Approvals at Wyong picked up markedly in 2013-14 as the table below shows:

FY

2011-12 2012-13 2013-14

No.

1,146

1,070

1,216

Value ($ million)

333.9

324.3

575. 4

Meanwhile, in Gosford where there is almost no land available for subdivision. However in October Gosford Council approved the final land release in Terrigal, approving the Stevens Group’s master-planned development at Kings Avenue, Terrigal.

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The approval is the first major residential subdivision in the Gosford LGA for more than 20 years Kings Estate Terrigal will deliver 135 lots on 54.1 hectares of land located on Kings Avenue at Terrigal, with an additional 18 hectares to be set aside and donated to Council for the Coastal Open Space System (COSS).

Stevens expect to start construction in the early part of 2015.

Across the board Development Approvals at Gosford for the period January to October were $288 million

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Artist’s impression of Feronia on Caroline Bay Chinese backed F & B East Gosford Pty Ltd has acquired 3 residential lots at 1,3 & 5 George Street, East Gosford covering an area of around2,500 sqm with development approval for a luxury villa development.

To be known as Feronia on Caroline Bay, construction is due to start in February 2015 on the $4.2 million project that will comprise fifteen 3-bedroom townhouses.

CCBR understands that twelve apartments were sold within three weeks of coming onto the market in late 2014 at prices from $575,000 to $870,000 each.

BROADBAND NEWS

NBN set to reach 54,000 Coast homes in next year Nexus Smart Hub opens at North Wyong

Member for Robertson Lucy Wicks MP (left) and Communications Minister The Hon Malcolm Turnbull (2nd from left) addressing members of the region’s Information Technology industry in August. Those in the photo are: Alan Williams, Steve Mann, Jim Henry, David Evers and Edgar Adams Central Coast is set to become the first region in Australia to experience a roll-out of the Federal Government's fast broadband network using fibre-to-the-node technology. The Communications Minister, Malcolm Turnbull, announced during a visit

to Umina and Gosford in late August that the NBN's existing pilot project at Umina will now be expanded to 54-thousand homes and businesses in surrounding suburbs. These will include Saratoga, Killcare and Kincumber over the next 12 months.

Wyong Council’s infrastructure priorities The Wyong Civic and Cultural Precinct Masterplan is part of Council’s overall infrastructure priorities which they intend putting to the State Government for funding assistance.

The State Government has said that following the 2105 Elections they intend selling the ‘poles and wires’ business and $6 billion of the proceeds will be allocated to regional infrastructure projects.

Much of the infrastructure demands will hinge on the residential developments in the Warnervale Growth Area that will see housing for 4,200 people and the provision of 8,500 jobs.

They include: • Construction of the Link Road from Pacific Highway Watanobbi to Sparks Road, Warnervale to improve access between Wyong Town Centre and Warnervale Growth Area as well as providing easier access to the M1 Motorway. The cost is estimated at $45 million and will take 18 months to build.

• With the majority of Wyong Shire’s major new employment and residential land releases planned in the catchment of the Porter’s Creek Wetland, a network of constructed stormwater management systems is required to manage stormwater flows into Porter’s Creek Wetland. The cost is estimated at around $15 to $20 million.

• North Warnervale Railway Station. To be located at the Warnervale Town Centre this will provide improved access to rail

•

•

•

•

•

services for residents in the northern part of the Wyong Shire. Proposed cost $43 million.

Central Coast Regional Airport. This project is seen as a cornerstone strategy in Council’s Economic Development Strategy. Council has already acquired around 20% of the strategic airport land, appointed a Project Manager and commenced studies.

Central Coast Regional Sporting & Recreational Complex at Tuggerah. This is seen as a critical piece of recreational infrastructure for the region and Wyong Shire.

Total cost is estimated at $42.3 million.

Regional Roads and Transport. Widening of the old Pacific Highway through Wyong Town Centre; road widening Narara-Lisarow-Ourimbah.

A major new motorsport precinct - The Community Automotive Sport and Recreation Park (CASAR) is a motor sport complex combined with other recreation and tourism facilities developed by a community focused organisation and supported by Wyong Council.

With a 3.5km main circuit, together with go-karts and driver training facilities, CASAR Park has been endorsed by the Confederation of Australian Motor Sport (CAMS). Proposed cost is $14 million with construction to start in the latter part of 2015

Nexus Smart Hub at North Wyong Early 2014 saw the NSW Government announce funding of $1.5 million for a pilot programme to establish two smart work hubs on the Central Coast at Gosford and Wyong.

As a result the Henry Kendall Group proceeded with their plans to build a smart work hub at the North Wyong location and opened the Nexus Smart Hub in November.

Henry Kendall Group CEO Damien Wilde said that they had used the state government funding to market their Hub with very positive results. “We have already leased all five of our lockable oneperson offices and hot desk bookings are growing.”

The Nexus Hub is connected via the Group’s own data centre and offers an upload speed of around 195 mps.

Gosford Council installs free Wi-Fi in Kibble Park Gosford In late November Gosford Council switched on a free Wi-Fi service in Kibble Park Gosford.

Aimed at making this an internet hotspot the facility offers a high speed service to help Gosford become a dynamic, globally recognised smart city.

Gosford’s councillors have been very passionate about getting this up and running for the community as part of their initiative to make Gosford a Gigabit City in the early part of 2015.

CENTRAL COAST BUSINESS REVIEW YEARBOOK 2014

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MA JOR STORIES

Central Coast Economic Indicators Gross Regional Product Central Coast Gross Domestic Product (GRP) as of 30 June 2013 was $11,067 million, of this $6,165 million was attributable to the Gosford LGA and $4,902 million to Wyong.

In terms of GRP Gosford represents 55.7% of the regional economy compared with 44.3% with Wyong.

Ten years ago Gosford’s share was 57.4% compared to 42.6%.

Over the ten year period Gosford’s economy has increased 4.6% while Wyong’s economy has increased 12.1%. This is a strong indicator that past policies at Gosford Council have had a detrimental effect on the LGA, although this has now changed following the Local Government Elections in September 2012 and senior management changes. Likewise, a similar situation exists in Wyong with new management and a number of major projects now in the pipeline greater growth rate should be expected.

Gross Regional Product Year

Gosford LGA

Wyong LGA

Central Coast

GRP $m

GRP $m

GRP $m

2013

6,165

4,902

11,067

2012

6,132

4,921

11,053

2007

6,009

4,514

10,523

2003

5,893

4,373

10,267

Source: NIEIR and economy.id Population The estimated resident population of the Central Coast as of 30 June 2013 was 328,110 of which 52% resided in Gosford and 48% in Wyong.

Ten years ago Gosford’s share of the population was 54% compared with 46%.

Growth in population over the ten years from 2003 to 2013 was: • Gosford LGA 6.2% • Wyong LGA 13.6% • Central Coast 9.6% In the same period the NSW population grew by 16.8%

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Estimated Resident Population Growth Year

Gosford LGA

Wyong LGA

Central Coast

No.

No.

No.

2013

170,752

157,358

328,110

2012

169,574

155,844

325,418

2008

164,469

147,869

312,338

2003

160,737

138,582

299,319

Source: ABS, Regional Population Growth and economy.id) Employment - Local Jobs There were 115,449 local jobs in the Central Coast in the year ending 2013. This compares with 100,925 in 2003 an increase of 14,524 over ten years or 1,452 jobs per year. Of this growth, Gosford accounted for 5,981 jobs 41% while Wyong accounted for 8,544 or 59%.

Over the 10 year period 2003 to 2013 an average of 1,458 jobs were created annually. Over the next 5 year period 2008 to 2012 an average of 2,011 jobs were created annually.

Local jobs Year

Gosford LGA

Wyong LGA

Central Coast

No.

No.

No.

2013

64,410

51,039

115,449

2012

64,421

49,595

112,017

2011

64,896

50,019

114,915

2010

61,706

47,877

109,583

2009

62,391

47,200

109,591

2008

64,446

47,481

111,927

2007

60,179

44,770

104,949

2003

58,429

42,495

100,925

Source: NIEIR and economy.id) Employed residents Across the Central Coast for the year ending 30 June 2013 there were 151,673 residents employed. This compares with 125,618 in 2003.

The number of people in work on the Central Coast at 151,673 represents 46.2%. This compares with NSW at 48.3% Employed residents Year

Gosford LGA

Wyong LGA

Central Coast

2013

82,370

69,302

151,673

2012

79,555

66,720

146,274

2011

84,088

67,716

151,804

2010

78,754

64,671

143,425

2009

79,094

63,038

142,132

2008

75,730

62,898

144,559

Locally owned and operated on the Coast for over 20 years

2007

75,205

59,249

134,454

• Trade & Industrial • Engineering & Technical • Office Support • Accounting & Finance • HR & Executive • Organisational Development Services

2003

70,234

54,017

125,618

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Source: NIEIR and economy.id

MA JOR STORIES

Commuting population – On the basis that there were 115,449 local jobs at 30 June 2013 and 151,673 residents were employed there are approximately 36,224 Central Coast residents who commute to work each day.

Building approvals The value of building approvals in the Central Coast for the Financial Year 2013/14 was $503 million, of which $292 million was from Gosford and $211 million from Wyong.

The value of Development Approvals show a different picture with Wyong Council reporting $333 million in 2011-12, $324 million in 2012-13 and $575 million in 2013-14. This would indicate that there is considerable development work yet to commence in the Wyong LGA. Total value of building approvals (residential and non-residential) Year

Gosford LGA

Wyong LGA

Central Coast

$ (‘000)

$ (‘000)

$ (‘000)

2013-14

291,888

211,276

503,264

2012-13

215,049

149,458

364,507

2011–12

179,019

153,198

332,216

2010-11

270,156

181,772

451,927

2009-10

306,068

303,423

609,491

2008-09

237,990

230,629

468,619

2007-08

232,087

213,586

445,673

2006-07

263,359

297,095

560,454

2005-06

243,634

281,117

524,751

2004-05

304,344

443,181

747,525

Source: ABS Building Approvals & .id The Population Experts Registered businesses The number of registered businesses on the Central Coast has been declining since 2009 with a loss of 738 businesses during that time.

The only industry sector to have shown growth is the Health Care and Social Assistance sector, although the Not Classified sector shows that 390 businesses have been registered.

Registered businesses by industry Industry

2013

2009

No.

No.

Change % Ch

Agriculture, Forestry & Fishing

534

620

-22

-3.5%

Mining

29

36

-5

-13.9%

Manufacturing

926

1,025

-99

-9.7%

Electricity, Gas, Water etc

89

96

-7

-7.3%

Construction

4,605

5,078

-473

-9.3%

Wholesale Trade

683

719

-36

-5.0%

Retail Trade

1,489

1,613

-124

-7.7%

Accommodation & Food Services

796

815

-19

-2.1%

Transport, Postal & Warehousing

1,038

1,249

-211

-16.9%

Information Media & Telecomm.

179

214

-35

-16.4%

Financial & Insurance Services

1,452

1,251

+201

+16.1

Rental, Hiring & Real Estate Serv.

2,095

2,140

-145

-6.8%

Prof., Scientific & Technical Svc

2,520

2,586

-66

-2.5%

Administrative & Support Svc

868

976

-108

-11.1%

Public Admin. & Safety

78

109

-31

-28.4%

Education & Training

322

313

+9

+2.9%

Health Care & Social Assistance

1,266

1,191

+75

+6.3%

Arts & Recreation Services

342

358

-16

-4.5%

Other Services

1,070

1,160

-90

-7.8%

+395

+154.9%

Industry not classified

645

255

TOTAL INDUSTRIES

21,026

21,804 -778

-3.5%

Source: ABS, Counts of Australian Businesses, including Entries and Exits

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Drop into your nearest branch or phone our Business Banking team on 4337 1701 to find out more.

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2 014 C E N T R A L C O A S T B U S I N E S S E X C E L L E N C E A W A R D S

4th Excellence Awards a sell out AFTER ONLY FOUR YEARS, the Central Coast business community embraced the concept of business excellence with a record number of entries from local businesses and then achieve a sell-out crowd of over 350 people at Crowne Plaza Terrigal on 19th August to witness Jared Hirst, Founder and CEO of Servers Australia take out the Business of the Year Award.

CCBR is proud to have been the initiator of these awards.

Organiser of the event, Kerry Ruffels, said he had almost 400 people wanting to attend the Gala Event, the 4th Annual Central Coast Business Excellence Awards.

Guests were welcomed by the Prime Minister via video while the guest of honour was Minister for the Central Coast, The Hon Rob Stokes.

Dinner in the Grand Ballroom, Crowne Plaza Terrigal for the Central Coast’s business leaders.

Business of the Year

Servers Australia Founder and CEO, Jared Hirst

Founded in October 2006 by Jared Hirst, Servers Australia has experienced rapid growth, quickly becoming one of Australia's preferred web hosts according to APC magazine. The company is constantly expanding with one custom built Data Centre in Tuggerah and another being built. Servers Australia’s team has also grown from a single person to now over 30 staff and growing.

Founder and CEO, Jared Hirst also won the Young Entrepreneur Award as well as

the Excellence in Business Award.

As they said “We’ve grown so quickly that we actually ran out of room for new customers and had to expand and we’ll grow out of room for our employees so we’re in negotiations for our new Head Office and data centre in the Zenith Centre Tuggerah to accommodate this growth.”

Servers Australia is a premium supplier of cloud hosting, dedicated and virtual servers, web hosting, VoIP, co-location, internet services and wholesale services

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Services: • Business Advice and Guidance • Workshops • Micro Enterprise Loans • Business Packages

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C H A RT E R E D A C C O U N TA N T S Our Specialist Services include: • Business & Taxation Services • Self Managed Super Funds • Estate & Succession Planning • Business Valuations • Back Office Solutions • Business Development/Mentoring • Forensic Accounting • Financial Advice

P: 4365 6789 www.kbca.com.au 484 The Entrance Road, Erina Heights NSW 2260 CENTRAL COAST BUSINESS REVIEW YEARBOOK 2014

MCG0667

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Lifetime Achievement Award

Business Leader Award

Excellence in Innovation

CC Business Excellence Awards Director Kerry Ruffels, Harvey World Travel Erina Managing Director, Maxeine McKeon and Greg South, General Manager Central Coast Regional Development Corporation.

CCBR Editor Edgar Adams with Jason van Genderen

Gavin and Souzan Yates

A career in the creative arts was never considered anywhere near as prized as more academic pursuits, yet today we see creativity rank as one of the most desirable attributes for CEO’s and executives.

Jason van Genderen’s leadership message is clear and simple. Find what inspires you, immerse yourself down to your last molecule in that inspiration and channel it towards the skills and interests you want to share with your communities. If we can all find our passion again, recharge our thirst for knowledge and hunger for success – then imagine what our region, our state, our country will become.

Steinbok Schnapps clearly identified innovation in product design, social media and technology. They recognised the cordial market in bars was greatly uncontested.

They sought to bring innovation to this ignored category. A prototype telescopic retractable pourer resulted and with further research and client feedback they modified it to the curved pourer that it is today. This development and the resulting feedback also led to the company developing and introducing a sugar syrup, anew market and income stream for the company

Outstanding Contribution to Creative Industries Award

Excellence in Small Business

Excellence in Sustainability – Crowne Plaza Terrigal

(l to r) CC Business Excellence Awards Director Kerry Ruffels, Rod McCormack and The Hon. Rob Stokes MP Minister for the Central Coast presenting the award on behalf of NSW Trade & Investment.

Bendigo Bank Senior Business Banker Steve Dean with Helen Dunnage, Gavin Yates and wife Souzan

Crowne Plaza Assistant General Manager Ainsley Quilty with Wyong Council Mayor Doug Eaton

Over the last five years Steinbok has experienced a solid growth of 10 – 15% each year. While government regulations have impeded further growth, new markets and new products were found. Gavin Yates, Steinbok Managing Director, developed and launched Barmans Choice Cordials and Café Choice Coffee Syrup and both are gaining a foothold in bars and cafés.

Steinboks Café Choice was launched at the Melbourne International Coffee Expo and immediately met with success and received instant distribution.

Sustainability principles and practices are embedded within all aspects of business planning at the hotel. The hotel is also resolute in contributing to the sustainability of its parent company, Intercontinental Hotels Group, which over a five year period from 2013 to 2017, has committed to reduce its carbon footprint per occupied room by 12% across the chain’s entire portfolio and reduce water use per occupied room by 12% in water-stressed areas. Crowne Plaza Terrigal has also undertaken a number of capital works initiatives to further reduce energy consumption.

Now enjoying her 35th year as a Harvey World Travel Franchisee, Maxeine McKeon is just the second recipient of this prestigious award. She has won accolades Australia wide. Without doubt she is one of the most successful business owners on the Central Coast.

Despite employing more than 20 staff, she continues her tradition of starting her work day at 7:30am – and often is the last to leave. She says that hands-on work at every level of the business has contributed to her success.

Long recognised as one of Australia’s leading musicians and songwriters, Rod McCormack is also one of the most indemand record producers, having produced many award winning acts.

He was awarded the Country Music Association of Australia’s Musician of The Year award in 2006 and Producer of The Year in 2004 and 2009.

As a musician he has gained the reputation as one of Australia’s finest – appearing on hundreds of recordings including Paul Kelly, KD Lang, Kasey Chambers, Lee Kernaghan, Shannon Noll and many more.

CENTRAL COAST BUSINESS REVIEW YEARBOOK 2014

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Young Entrepreneur Award

Local Chamber of the Year

Excellence in Ethics

Jared Hirst and Jason VanGenderen

Peninsula Chamber of Commerce President, Matthew Wales, Peninsula Mainstreet Co-ordinator and Chairperson of the Brisbane Water Oyster Festival, Debra Wales and The ORS Group National Business Development Manager Rod Dever.

Central Coast Defence Reserves Support Committee’s Chairman, Ian Dick (left) and Regional Manager Dr Michael Netherton (right) with Jason vanGenderen Treehouse Creative Director and Ginny Gallegos, Studio Manager (centre)

The Peninsula Chamber of Commerce has witnessed a 20% increase in membership in the past year and has overseen the completion of a key initiative in the Ettalong Beach Foreshore Reserve Upgrade. It also holds the annual Brisbane Water Oyster Festival which attracts over 25,000 people.

Treehouse Creative has worked hard to deliver more than just a successful commercial outcome as a small business. They see the value in giving back, equally as valuable as making profits. Examples of how they’ve realised this include their much applauded community platform ‘The Bank of Goodwill’, a community online channel dedicated to promoting and celebrating the not-for-profit and volunteer initiatives that make our community work. Treehouse invests one week of their staff’s time into this platform every month, and they’re about to grow it to include additional ‘payit-forward’ business services. “ It’s a new era in business ethics of which we’re immensely proud,” said Jason van Genderen

For young entrepreneurs, taking on all challenges, including the banks, is a minefield.

Being young, innovative, and idealistic, Jared Hirst has found it hard to convince financial organisations to provide business loans. Therefore he has independently funded the whole operation, and even now continues to do so.

His company, Servers Australia, has experienced considerable expansion over the past 12 months and even with expansion costs has been successful in increasing revenue by $1.4 million

Excellence in Business Award

Employer of Choice

Hunter TAFE Director Phil Cox with Peter Hartnett Head of People and Culture, Sanitarium Health and Wellbeing

Servers Australia Founder and CEO, Jared Hirst with Craig Ayling, Partner Fortunity

Young Business Executive – Alison Cook

Over the last three years, 270 leaders across Sanitarium have embarked on their own leadership journey. The Sanitarium Leadership program is underpinned by its values and philosophy statements and reinforces its desire for a high performing culture.

As an Employer of Choice, Sanitarium offers the following: a 100% Australian Owned Company, access to a generous Study Assistance Policy and involvement in the world’s largest under 16’s TRYathlon

Servers Australia has overseen considerable expansion over the past 12-24 months.

They have opened an office in India, started 24/7 support, opened an office in Sydney and now have equipment in seven data centres. This expansion has allowed the team to grow from 14 full time staff members to 40 in a short 12 months and they intend to expand that number by another 15 team members by mid 2015.

Alison is a Manager at Central Coast Group Training, a position she has held since 2008.

Her most recent achievements include assisting in the writing of a full tender document to secure Government funding for $2.7 million to build the Central Coast Youth Skills and Employment Centre.

Alison then project managed the entire process - design, construction and finally implementation.

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We are Law Society Accredited Specialists 36A George St Woy Woy. Ph: 4343 3000 Email: woywoy@peninsulalaw.com.au Web: www.peninsulalaw.com.au CENTRAL COAST BUSINESS REVIEW YEARBOOK 2014

Central Coast and Hunter Regions Registered Valuers and Members of Australian Property Institute Contact Michael Dick - 0411 247 446

Suite 3.11 Riverside Office Tower 69 Central Coast Highway, West Gosford NSW 2250 Phone: (02) 4322 6622 Fax: (02) 4322 3811 Email: michael@mdaproperty.com.au www.mdaproperty.com.au

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