Prosperity for the Next Generation

Oakleigh Times August 15, 1995 'Oakleigh & Waverley can expect increased development and an influx of young people in about 10 years, according to an economist. Site Rating Defence Economist Phil Anderson believes (City of) Monash's recent decision to remain with the Site Value Rating System will significantly benefit the area..... City Economic Development Strategy - Major Business Types p1 Monash's (Oakleigh & Waverley) Economic Position within Melbourne's South East Region. From the November 2001 report entitled 'Prosperity for the Next Generation', "Monash has the largest number of both businesses and jobs among the 11 municipalities. It performs a key role in providing employment to people living in other parts of the region, particularly in the newly established and growing suburbs of the outer south-east. As a result, of all the 11 municipalities, Monash is the most influential provider of household disposable income to residents in neighbouring municipalities. Unlike some municipalities that provide jobs and therefore household income primarily to their own residents, Monash is a key Provider of income to the residents of Greater Dandenong, Casey, Knox, Cardinia, and Kingston. There is a high level of interdependency between Monash and the other 10 municipalities in the region. Not only is it an important jobs hub, but Monash also is a major generator of wealth in the region. After Kingston, it has the highest export output per capita of all municipalities in the region. It also is the least dependent local government area in the region on government transfer payments to residents, indicating on average a high degree of employment and wealth among its residents.