| CHINATOWN has a new rival, KOREATOWN, | | | | most of the 25,000 Korean students study in Sydney |
| according to research just released by Tim Green | | | | and at universities and colleges in the city or city fringe. |
| Commercial. | | | | According to Tim Green “the predominant types of |
| According to Tim Green of Tim Green Commercial, | | | | shops indicate spending habits of the Korean |
| “the streets bounded by Bathurst Street, Pitt Street | | | | community as there are 6 Korean hair and beauty |
| and Liverpool Street has been dubbed | | | | shops, 7 Korean café/restaurants and 3 Korean |
| “KOREATOWN” by locals”. | | | | convenience stores (with 2 more planned further |
| Out of 41 shops that make up the | | | | down Pitt Street), hence one could assume the |
| “KOREATOWN” area, 24 shops or almost | | | | community spend most of their leisure time getting their |
| 60% were owned by Korean Australians, 5 shops | | | | hair and beauty treatments done, or eating out or |
| were owned by Japanese Australian and 1 shop | | | | shopping. In fact Noble Hairdressing has 2 outlets within |
| owned by Chinese Australians. | | | | 100 metres of each other”. |
| According to Tim Green “after speaking with local | | | | “Go to any place around the mid city shopping area |
| real estate agents we found out that students were | | | | on a Thursday, Friday or Saturday at 9pm and it is |
| renting apartments in towers such as Horden Tower, | | | | relatively quiet but go to the corner of Pitt and |
| World Tower and Mirramar Tower and overcrowding | | | | Liverpool Street and you can hardly move because |
| them with as many as 10 students in 1 apartment. In | | | | there are so many people” says Tim Green. |
| fact, one unnamed tower has passed a by law giving | | | | As a sign of the times the City Convenience Store on |
| the building management power to issue immediate | | | | the corner of Liverpool and Pitt Streets recently |
| eviction notices and $5000 fine to apartments being | | | | converted from a standard convenience store to a |
| overcrowded”. | | | | Korean convenience store. According to Jamal |
| According to the ABS, enrollments in full fee paying | | | | Gebara, owner of City Convenience Store “at night |
| courses of overseas students in Australia in the year | | | | about 80% of customers are Korean students and |
| to October 2007 increased 20% from 2006 to | | | | Australians of Korean descent, whist during the day |
| 437,000 and a study in 2006 by the ABS showed that | | | | they (Koreans) make up 40%. I can only presume that |
| Korea ranked 3rd for the number of students studying | | | | they are studying during the day and go out after |
| in Australia, representing 8% of all foreign students or | | | | classes finish to either work in the area or shop and |
| 25,000 students. | | | | eat”. |
| According to various colleges in the Sydney CBD, | | | | |