Business & Knowledge Based Services
Business & Knowledge Based Services have increased with the growth in overall business activity at Williamtown and Tomago.
Future growth in this sector will be driven by the projected population growth in Port Stephens and the broader region, the expansion of industry at Tomago and Williamtown, and the attraction of larger service organisations (private and government) to locate in Raymond Terrace.
Increasing the number of business and knowledge based service jobs is a major economic development priority and Port Stephens has major potential for growth in this sector.
The largest individual category is real estate agents, based in Nelson Bay and Raymond Terrace. This sector is significant because as a holiday destination, there are substantial sales of holiday homes and leasing of rental properties.
The area is also well represented by banks, legal and accounting services and a mix of small professional services firms in Raymond Terrace, Nelson Bay, Tomago, Williamtown and Salamander Bay.