There are 10 ways Perth can leverage its boom time legacy according to a PwC report released today, but its most critical task is attracting and retaining new citizens to the city.
The report, “If you build, it will they stay: Capitalising on Perth’s boom-time legacy,” shows that whilst domestic arrivals into Perth have slowed, the number of overseas arrivals remains strong and new migrants want to stay and build a future.
PwC Managing Partner Justin Carroll said that one of the most important ingredients for a city to prosper is strong population growth and Perth needs to find new ways to continue to attract and retain citizens.
“We want the future of Perth to be vibrant, productive, inclusive and diverse and now that we have moved into the production phase of the mining boom we must find new ways to attract more people to our amazing city and keep them here,” Mr Carroll said.
“The legacy of the boom means that Perth is not the same city it was ten years ago and it has been revitalised with new world class facilities. We must build on this to ensure Perth is an even better city to live, work and play.
“To further flourish Perth needs to continue to diversify its economy beyond the resources sector, capitalise on its proximity to Asia and its time zone, and embrace Perth’s culture of scientific and technical innovation to become a global research hub.
“If Perth maximises its opportunities in industry, invests in infrastructure and placemaking for residents and tourists and takes much needed steps to reduce regulation, it can continue to grow and prosper beyond the boom and bust resources cycles,” Mr Carroll concluded.
The 10 recommendations to help Perth attract more talent and investment into the future are:
To read the report please visit: http://pwc.to/2h1ZNxX
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© 2017 PwC. All rights reserved. PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.pwc.com/structure for further details. Liability limited by a scheme approved under Professional Standards Legislation.