- 1 March 2017
Research undertaken by RDA Southern Inland (RDASI) has established a strong case for the relocation of the Yennora wool sales to Goulburn, including yearly savings of up to $2.6million and projected five year savings of up to $11 million.
The RDASI report: Towards a New Wool Selling Future in NSW presents options to the wool industry to relocate the wool sales including the potential for the development of a nationally significant wool education and tourism centre within a wool sales complex.
The proposal to relocate the wool sales from Yennora to an inner regional area such as Goulburn, comes at a time when industry research has identified savings in closing the NSW selling centre and consolidating wool sales to Melbourne.
The Yennora wool selling centre conducts 45 wool auction sales annually – wool sales are also held in Melbourne and Perth. NSW wool production accounts for 38% of the national total, with 83% of wool produced delivered to warehouses in NSW. Seventeen percent is transported interstate, mainly to Victoria from southern parts of NSW.
“As the report outlines if the NSW wool selling centre was to close, there would be serious implications for the wool growers, buyers and brokers operating from [Yennora], and additionally for the NSW in losing the benefits associated with the transaction of significant bales of wool…,” RDASI Executive Officer Mareeca Flannery said.
“Towards a New Wool Selling Future in NSW demonstrates a timely case for relocation with the lease expiring on the Yennora wool selling centre on 17 December 2017.”
The report acknowledges that achieving industry consensus for the relocation will require concerted and united efforts from all stakeholders, including government, and presents an Action Plan for consideration.
An industry relocation reference group comprising wool brokers, growers, buyers and exporters and local Members of Parliament, met in Goulburn on 10 February 2017 to consider the report’s findings, including $2.6million in savings per annum should the relocation go ahead.
RDASI is facilitating the relocation proposal in commissioning Towards a New Wool Selling Future in NSW and chairing the industry relocation reference group. The full report can be found on http://www.rdasi.org.au/projects/industry-decentralisation/strong-case-for-wool-sales-relocation-to-goulburn/ and including a financial analysis report from Deloitte.
Strong industry support has been indicated for the Goulburn relocation option, including from Local Member and Assistant Minister for Cities and Digital Transformation Angus Taylor and Member for Goulburn and Minister for Family and Community Services, Social Housing, and the Prevention of Domestic Violence and Sexual Assault Pru Goward. Goulburn Mulwaree Council have presented a strong case for relocation of the wool sales to Goulburn including a strong labour market, a central location, existing wool industry links and the potential for wool tourism and education.
RDASI would like to acknowledge the support of the NSW Government in funding the report and the support of Local Members and the Goulburn Mulwaree Council in driving the relocation proposal forward.
Pictured: Goulburn developer Mike Agnew presented plans for a fit for purpose wool sales building, incorporating a wool museum and education and training facilities, to an industry roundtable reference group as one option in a Goulburn relocation scenario.