LLT Accountants Serving North Sydney

When profit falls in a quarter, it may be due to cyclical factors or the uneven recognition of income. But when profits slide consistently, it may be due some underlying cause or causes. As a business owner, you may not have the time to identify and remedy the cause(s). You may be pleased to know that LLT Accountants, your friendly professionals serving North Sydney, specialise in business rescue, advisory and coaching. We are your business partner. We flag and rectify early warning signs that may save you from larger headaches later. Make an appointment with our CA (chartered accountant) partner for an obligation-free chat. Other services that we render to residents include tax planning/advice, accounting/bookkeeping, auditing, financial statement preparation, budgeting, GST advice & BAS preparation, SMSF setup and company incorporation. Contact us today for a free consultation.

North Sydney History

North Sydney is located about 3 kilometres from Sydney central business district. Prior to the European settlement in the 1700s, the area was inhabited by aboriginal people. Today, the suburb is one of the commercial hubs of Sydney.

Demographics

North Sydney has a population of about 6,258, the median age of which is 35 years as compared to the national average of 37 years. About 65% of the working adults hold professional and managerial positions. The mean weekly income of the population is $1,146 for individuals and $2,635 for families. The suburb is made up mainly of people of English, Australian, Irish, Scottish and Chinese backgrounds.

Transport

North Sydney is easily accessible by road, rail and ferry. Residents are served by the North Sydney train station to the city and beyond. Bus services run regularly to Sydney CBD and the neighbouring suburbs. The Sydney Ferries network has a wharf stop at North Sydney. Besides public transport, many residents commute by car.

Centres of Commerce

North Sydney is the second largest commercial district in New South Wales after Sydney central business district. Offices of many big corporations are located in the suburb. Predominantly a precinct of large office buildings, North Sydney has limited shopping facilities with only two medium sized supermarkets, namely, Aldi and IGA. The Greenwood Plaza near to North Sydney train station is the main shopping complex. Berry Square at Berry Street is the other shopping centre.

Housing Profile

Of the occupied accommodation, about 65% are flats, units and apartment, 13% are semi-detached & terrace houses and 9% are separate houses.

                                                                            Houses                                  Units
                   Median price                                  $1.58m                                  $658,000
                   Median weekly rent                      $870                                       $540
                   Rental yield                                    2.9%                                       4.3%