 Revealed in June 2013, the writedown is worth AU$203 million, and was preceded by a $638-million writedown in 2012 and a $407-million writedown in 2011 after the closure of the Clyde refinery in Sydney.In April 2016 Target announced that it would be moving its headquarters out of North Geelong to Williams Landing in Melbourne's west.As of the 2006 census, 160,000 people resided in 68,000 households.