Manningham is home to a thriving and diverse local economy serviced by 14,048 active businesses and employing over 35,000 people.
The city’s economic profile is characterised by a high proportion of home based and micro businesses. As at November 2016 there were 44,097 registered Australian Business Numbers (ABNs) in Manningham of which it is estimated that 98 per cent employ less than 20 people. It is estimated that there are 14,048 (ABS 2018) active local businesses in Manningham.
The four most commonly registered businesses in Manningham are:
- Financial and insurance services
- Professional, scientific and technical services
- Rental, hiring and real estate services
The most common industry sectors for jobs in Manningham are:
- Retail trade (18.9%)
- Health care and social assistance (15.5%)
- Education and training (11.5%)
The majority of Manningham’s over 50,000 strong workforce work outside of Manningham (76.3 per cent), with the majority (20.5 per cent) working in the inner Melbourne suburbs and CBD. Over 80 per cent of Manningham’s workforce is employed in the top five occupations:
- Professional (29.6 per cent)
- Managers (16.7 per cent)
- Clerical and Administrative Workers (14.6 per cent)
- Sales Workers (11.2 per cent)
- Technicians and Trade Workers (10.4 per cent)
Manningham’s population was estimated to be 129,908 in 2019 and is forecast to grow to 149,274 by 2036.
With 27 per cent of our residents now aged over 60, our median age of members of our community is 43.
We have a rich cultural diversity, with our residents being born in 97 different countries. Outside of Australia, the three highest birthplaces were China (9.3per cent), Malaysia (3.3per cent) and Italy (2.7per cent).
Manningham has a high household income with nearly 27 per cent being over $2,500 per week, compared to 23 per cent for Greater Melbourne and 20 per cent for Victoria.
Manningham is highly educated with 42 per cent of the population having a diploma or higher (Greater Melbourne 33.5 per cent).
The gross regional product is estimated at $4.5 billion (January 2020)
This has grown from $4.2 billion in 2015/16, $3.6 billion in 2010/11 and $3.3 billion in 2005/06.
Manningham represents 8.3% of Eastern Metropolitan’s Gross Regional Product of $54 billion.
Manningham offers a unique balance of city and country, located only 12 km away from Melbourne and situated at the gateway to the Yarra Valley.
The municipality boasts rich leafy open spaces, look towards the north and west and it meets the Yarra, and to the south, Koonung Creek.
Land west of Mullum Mullum Creek is primarily defined as being urban in character, whereas rural and residential land largely belongs in the east.
REMPLAN are a team of economists, planners, demographers and software developers. They develop online analytical tools and information resources for economic development, planning and tourism practitioners in local, state and federal government agencies, consulting firms, university researchers and students. As specialists in providing area-specific data, Manningham Business is proud to partner with them to bring the most up to date economic data to our business community.
Manningham Business and Community Profile – suburb based data