3 There has been significant research and data collection on the development industry by the Australian Bureau of Statistics (ABS) and a number of private research organisations. The AEC group recently undertook research for the Property Council of Australia on the implication on national and state economies of the property industry that gives some idea of the scale of the industry. NEW SOUTH WALES EMPLOYS 390,000 PEOPLE IN THE DEVELOPMENT / PROPERTY INDUSTRY 177,000 107,000 284,700 1,029,700 Sydney The rest of NSW NSW Australia INVEST IN NSW DATA - NSW Department of Industry - 2013 data Only for construction jobs NEW SOUTH WALES $63.4 BILLION was contributed to the NSW Gross State Product in 2015 - 16 390,000 FULL TIMEequivalent employees were in the Development / Property Industry in NSW in 2015 -16 353,000 JOBS were in the second biggest industry in NSW - the Health Care Industry 280,000of the Development / Property Industry jobs were in the Residential sector in NSW in 2015 - 16 12% of employment in NSW is in the Development / Property Industry in NSW in 2015 - 16 464,000 flow on jobs were also generated as a result of the Development / Property Industry in NSW in 2015 - 16 13% of Australia’s GDP is from the Development / Property Industry Jobs in Australia are in the Development / Property Industry 1,400,000 3