Economic profile Central Highlands | June 2019 - Central Highlands Development Corporation
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Abbreviations Throughout this profile a series of abbreviations has been utilised. These are summarised below: ABS Australian Bureau of Statistics CH Central Highlands CHDC Central Highlands Development Corporation CHRC Central Highlands Regional Council Central Queensland SA4 Central Queensland Statistical Area Level 4 GRP Gross Regional Product LGA Local Government Area M2 Square metres QGSO Queensland Government Statistician’s Office QLD Queensland RTA Residential Tenancies Authority SA4 Statistical Area Level 4 TRA Tourism Research Australia
Contents Overview Housing Our region in numbers 2 Building approvals 30 Regional snapshot 4 Residential lot approvals 31 Lot registrations 32 Demographics New lot sales and median price 33 Population 5 Dwelling sales and median price 34 Population projections 6 Median weekly rent 35 Non-resident population 7 Age 8 Tourism Origin 9 Output 36 Wellbeing 11 Employment 37 Education 13 Distribution of tourist dollar and visitor profile 38 Income and families 14 Emerald Airport 39 Dwelling tenure and structure 15 Trends Employment Business activity 40 Industry 16 Business registrations 42 Occupation 18 Employment 43 Age and qualifications 19 Appendix: Agribusiness Regional Stocktake Method of travel to work 20 Baseline Data to Drive Growth 44 Industry Bibliography 49 Output 21 Central Highlands Development Corporation 50 Value-added 22 Local expenditure and regional exports 23 Regional imports and key industry drivers 24 Key industry drivers 25 Summary indicators and gap analysis 27 Gap analysis 28 Major projects 29 Central Highlands Development Corporation 1
Our region in numbers Central Highlands Region overview Resources $8.419bn 34.5% 58.0% 22.2% Output generated $2,190.264 m $3.777bn 63.6% Total value-added The Mining sector Contribution of the Mining is the largest employer comprises 6,079 jobs Mining sector to the of both the resident (22.2%) $5.706bn out of the 17,019 jobs in the region total value-added for the Central Highlands and non-resident (63.6%) workforce Total regional export $813.163m $2.033bn $1.436bn Mining is the highest contributor in terms of local expenditure Domestic imports to the region Total local expenditure Upper Bowen Basin $3.929bn GRP for the Central Highlands region Tieri Oaky Creek Capella 2,899 55 Gregory Crinum Kestrel Yarrabee Businesses registered and operating Jellinbah East in the Central Highlands Rubyvale Ensham Curragh Sapphire A4 Emerald A4 Blackwater Bluff Bogantungan Galilee Comet Bluff A4 Basin Blackwater Duaringa Cook ↑41.2% Willow 55 7 Gemfields Minerva Increase in number of Springsure Woorabinda businesses with turnover of $10 million or more from 2017 to 2018 Meteor Downs South Rolleston Rolleston 60 Bauhinia 7 55 Legend Capricorn Way Great Inland Way Major Sealed Minor Sealed Source: Economic Profile Central Highlands Part Sealed Arcadia (June 2019) chdc.com.au Valley 2 Central Highlands QLD 2019 Economic Profile Surat Basin
Agribusiness $839m ↑90% 15% 90% Economic value (2017) Value increase in wheat compared to $780m (2016) ($10m to $19m) 1,445 ↓50% Agricultural businesses Value decrease in sorghum of national of Queensland’s ($40m to $20m) mungbean crop mandarin exports 1.301m ↑8.62% megalitres Value increase in cotton 10%+ 1.37m Fairbairn Dam, second largest ($58m to $63m) Head of cattle storage in Queensland $106m ↑112% Value increase in pulses Value of chickpea production of national table grape crop ($50m to $106m) Tourism Community profile $235.556m 4.4% Median weekly income $1,823 Tourism total output Unemployment rate in the Central $1,402 Highlands (6.2% in QLD) 4 nights 28,645 $843 Average length of stay domestic $660 overnight visitors Population 3 Tourism is the 3rd highest employment sector in the Central Highlands 33 y.o. CH QLD CH QLD Median age vs QLD average of 37 Personal Household 204,073 67.3% 16,190 Annual passengers through Labour force Emerald airport 2018–19 FY Largest 4,045 Non-residential workforce gemfields in of the population live the Southern and work in the region Hemisphere Top Key drivers in terms of regional exports, employment, value-added and local expenditure on goods and services are: $56.685m five Mining, livestock, grains & other agriculture, accommodation & food services, retail trade, education & training In wages Central Highlands Development Corporation 3
Overview Regional snapshot The Central Highlands is a robust region that sits at the heart of Queensland’s resources and agricultural sectors. Spanning almost 60,000km2, the region includes a significant portion of Australia’s largest coal reserve, the Bowen Basin, and is strategically located to service Australia’s newest mining province, the Galilee Basin. Sustained by irrigation sourced from water storage on the Nogoa and Comet Rivers, the Central Highlands is also characterised by thriving farming industries, including beef, cotton, grapes and citrus. Major freight routes intersect the region, with the Capricorn Highway linking the coast to the outback and the Gregory Highway connecting northern Queensland and New South Wales. Pristine natural attractions, such as Carnarvon Gorge and the Sapphire Gemfields, are driving an emerging tourism market. A population of more than 28,000 with a median age of 33 helps to underpin the Central Highlands’ economic strength of a skilled, locally-based workforce. Indicator Central Queensland Period Source (year) Highlands Demographics Estimated resident population 28,645 5,011,216 2018 ABS (2019a) Projected population 30,133 7,161,661 2041 QGSO (2018b) (Medium series) Resident population growth 0.2% 1.6% 2016–2041 QGSO (2018b) (Medium series) (annual average) Resident and non-resident -0.1% – 2016–2021 QGSO (2018a) (Medium series), QGSO (2018c) & population growth QGSO (2018d) (Series A) Median age 33 37 2016 ABS (2017) Median personal income (weekly) $843 $660 2016 ABS (2017) Median household income (weekly) $1,823 $1,402 2016 ABS (2017) Employment Unemployment rate 4.4% 6.2% 2018 Department of Jobs and Small Business (2019) Labour force 16,190 2,648,089 2018 Department of Jobs and Small Business (2019) Non-residential workforce 4,045 – 2018 QGSO (2018c) Industry Gross regional product $3.93bn $348.97bn 2018 REMPLAN (2019) Passengers Emerald Airport 206,748 – 2017–18 CHRC (2019) 4 Central Highlands QLD 2019 Economic Profile
Demographics Population +0.2% +0.2% 30,133 The Central Highlands population is predicted Population growth Forecast population Population to remain steady in per year from growth per year from by 2041 contrast to the state 2008 to 2018 2016 to 2041 average Population The estimated resident population in the Central Highlands as at 30 June 2018 is 28,645 people. Between 2008 and 2018 the Central Highlands (estimated resident) population increased by 555 people (2.0%), with an average annual compound population growth of 0.2% between 2008 and 2018. The Central Highlands population peaked at 29,782 in 2013 and began to experience a decline thereafter. 35,000 30,000 29,541 29,741 29,782 29,598 28,714 29,082 29,143 28,690 28,604 28,645 28,090 25,000 20,000 15,000 10,000 5,000 0 Year 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Source: ABS (2019a) Population projections Queensland Government population projections, 2018 edition (medium series) were released in November 2018. Between 2016 and 2041, the population of the Central Highlands is projected to increase by 1,350 people. This is equivalent to an annual average increase of 0.2% between 2016 and 2041. Population projections by age cohort – Central Highlands Year 0–14 15–29 30–49 50–64 65–79 80+ Total 2016 7,227 5,743 8,848 4,878 1,775 312 28,783 2021 6,984 5,544 8,395 4,945 2,320 470 28,658 2026 6,616 5,657 8,239 4,808 2,842 682 28,845 2031 6,503 5,743 8,315 4,618 3,181 959 29,319 2036 6,513 5,714 8,309 4,666 3,317 1,236 29,755 2041 6,542 5,603 8,402 4,756 3,315 1,514 30,133 2016–2041 -685 -140 -446 -122 1,540 1,202 1,350 Source: QGSO (2018b) Central Highlands Development Corporation 5
Demographics Population projections 65–79 years The majority of the Central Highlands Age group projected to experience population sits within the largest increase in population the workforce working from 2016 to 2041 (1,540 people) age demographic of 15–65 Population projections by age cohort – Central Highlands 2016 2026 2036 2041 10,000 8,000 8,848 8,402 8,309 8,239 7,227 6,000 6,616 6,542 6,513 5,743 5,714 5,657 5,603 4,878 4,000 4,808 4,756 4,666 3,317 3,315 2,000 2,842 1,514 1,236 1,775 682 312 0 Age 0–14 15–29 30–49 50–64 65–79 80+ Source: QGSO (2018b) Population growth comparison Central Highlands Central Queensland SA4 Queensland 2.00 1.75 1.7% 1.5% 1.6% 1.50 1.5% 1.4% 1.25 1.1% 1.00 1.0% 0.9% 0.9% 0.75 0.50 0.4% 0.3% 0.3% 0.3% 0.25 0.1% 0 Year 2016–2021 2021–2026 2026–2031 2031–2036 2036–2041 -0.25 -0.1% Source: QGSO (2018a) For each five year period from 2016 to 2041, the annual average population growth in the Central Highlands is projected to gradually increase then remain steady. The annual average population growth in Central Queensland SA4 (comprising the Banana, Central Highlands, Gladstone, Livingstone, Rockhampton and Woorabinda LGAs) and Queensland are projected to gradually decline. Average annual population growth in the Central Highlands is estimated to be lower than the surrounding Central Queensland SA4 and broader Queensland projections. 6 Central Highlands QLD 2019 Economic Profile
Demographics Non-resident population 3.6% vs 0.2% 4,045 Average annual growth of the non-resident The non-resident population population of 3.6% has outpaced resident currently sits at 4,045. population growth of 0.2% from 2008 to 2018 Non-resident population The estimated non-resident population in the Central Highlands as at 30 June 2018 is 4,045 people. The average annual non-resident population growth between 2008 and 2018 of 3.6% is significantly higher than the resident population growth over the same period at 0.2%. Estimated resident population Non-resident workers on shift 40,000 2,840 35,000 5,585 4,835 4,740 3,380 3,955 4,045 3,225 3,150 3,360 2,840 2,680 30,000 29,082 29,541 29,741 29,782 29,598 29,143 28,090 28,714 28,690 28,604 28,645 25,000 20,000 15,000 10,000 5,000 0 Year 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Source: ABS (2019a) and QGSO (2018c) Non-resident population projections Between 2016 and 2021, the non-resident population of the Central Highlands is projected to decrease by 100 people. When combined with the forecasted resident population growth, total full-time equivalent population growth in the Central Highlands between 2016 and 2021 is projected to decrease by 132 people (average annual growth of -0.1%). 4,000 3,500 3,360 3,150 3,230 3,110 3,110 3,000 3,050 3,000 3,000 3,000 2,500 2,000 1,500 1,000 500 0 Year 2016 2017 2018 2019 2020 2021 2022 2023 2024 Source: QGSO (2018d) Central Highlands Development Corporation 7
Demographics Age The proportion of retirees in the 60–69 years old 33 Central Highlands Age group has experienced the Average age compared (7.6%) is lower than most growth from 2011 to 2016 to the national Queensland (15.3%) average of 37 The following demographic section is based on Place of Usual Residence data obtained from the 2016 ABS Census, the latest data available. The 2016 ABS Census was held on 9 August 2016 and data from the 2016 Census was released from mid-2017. Age distribution Change in age distribution, 2011 to 2016 Analysis of the age structure of the Central Highlands Between 2011 and 2016, the Central Highlands’ population residents in 2016 compared to Queensland shows there is a decreased by 713 people. The largest changes in age structure larger proportion of residents aged less than 15 years (24.7%, in this area between 2011 and 2016 were in the age groups: compared to 19.4% in Queensland). The Central Highlands • 35 to 49 (-473 persons) also comprises a higher proportion of 25 to 54 year olds than Queensland (45.5%, compared to 40.5%). Conversely, the • 15 to 19 (-330 persons), and proportion of retirees (those aged 65 years and over) in the • 60 to 69 (+264 persons). Central Highlands (7.6%) is lower than Queensland (15.3%). Central Highlands Queensland 9.0% 0–4 0–4 -192 6.3% 8.9% 5–9 5–9 173 6.7% 6.9% 10–14 10–14 -115 6.4% 5.6% 15–19 15–19 -330 6.3% 6.1% 20–24 20–24 -227 6.7% 16.5% 25–34 25–34 -182 13.8% 21.9% 35–49 35–49 -473 20.2% 13.0% 50–59 50–59 146 12.8% 7.5% 60–69 60–69 264 10.7% 4.1% 70–84 70–84 206 8.3% 0.5% 85+ 85+ 17 1.8% % of population Persons 0 5 10 15 20 25 30 -600 -400 -200 0 200 400 Source: ABS (2017) Source: ABS (2017) 8 Central Highlands QLD 2019 Economic Profile
Demographics Origin There is a higher proportion of Aboriginal people in the Central Highlands (4.0%) compared to Queensland (3.2%) Indigenous status Country of birth Analysis of the Indigenous status of Central Analysis of the country of birth of Central Highlands’ residents shows a Highlands’ residents in 2016 compared to higher proportion of residents born in Australia (76.0%, compared to 71.1% in Queensland shows that there is a higher Queensland). The top 10 countries of birth for Central Highlands’ residents proportion of Aboriginals in the Central include Australia, New Zealand, England, Philippines, South Africa, India, Highlands (4.0%, compared to 3.2% in Zimbabwe, Papua New Guinea, United States of America, and Germany. Queensland). Overall, the local Indigenous population accounts for 4.3% of the total Central Highlands’ population, which is slightly higher than Queensland (4.0%). % of population Central Highlands % of population Central Highlands 90 Queensland 90 Queensland 89.5% 80 80 83.4% 76.0% 70 70 71.1% 60 60 50 50 40 40 30 30 20 20 12.3% 10 10 6.5% 4.3% 4.0% 3.8% 3.7% 3.2% 1.3% 0.9% 0.8% 0.8% 1.0% 0.5% 1.1% 0.4% 0.4% 0.4% 0.4% 0.2% 0.2% 0.3% 0.3% 0.2% 0.2% 0.2% 0.2% 0 0 Non- Indigenous Aboriginal Torres Strait Islander Both Aboriginal and Torres Strait Islander Not stated Australia New Zealand England Philippines South Africa India Zimbabwe Papua New Guines United States of America Germany Source: ABS (2017) Source: ABS (2017) Central Highlands Development Corporation 9
Demographics Origin Population growth in the Central Highlands is being 8,635 driven by arrivals from People migrated to the Central Highlands from overseas, as well as other outside of Queensland. The second highest group of intrastate locations migrants to the Central Highlands was from overseas Migration Of the population living in the Central Highlands, 15,749 (56.2%) also lived in the Central Highlands five years ago. The largest migration of residents to the Central Highlands over the five year period from 2011 to 2016 from outside of the LGA was from residents who had previously lived overseas (725 people, or 2.6% of total Central Highlands’ residents), followed by residents from Rockhampton (452 people, or 1.6% of total Central Highlands’ residents). The largest migration of residents to the Central Highlands from outside of Queensland was from Tweed in New South Wales (31 people, or 0.1% of total Central Highlands residents). Central 15,749 Highlands (R) Overseas 725 Rockhampton (R) 452 Isaac (R) 419 Brisbane (C) 376 Mackay (R) 349 Livingstone (S) 246 Sunshine Coast 217 (R) State undefined 184 (QLD) Moreton Bay (R) 174 Gold Coast (C) 163 Townsville (C) 158 Bundaberg (R) 155 Other 8,635 Persons 0 2,500 5,000 7,500 10,000 12,500 15,000 17,500 Source: ABS (2017) 10 Central Highlands QLD 2019 Economic Profile
Demographics Wellbeing Top 28% The SEIFA Index of Disadvantage for the Central Highlands is 1,006 and is in the top 28% of least disadvantaged LGAs in Australia Need for assistance Of the population living in the Central Highlands, 717 people (2.6%) have a need for assistance due to a profound disability, long term health condition or age. This is half the proportion of the population in Queensland with a need for assistance, reflective of a younger population profile in the Central Highlands. Central Highlands Queensland Has need for 2.6% assistance with core activities 5.2% Does not have 84.3% need for assistance with core activities 87.3% 13.1% Not stated 7.6% % of population 0 10 20 30 40 50 60 70 80 90 100 Source: ABS (2017) SEIFA (Disadvantage) SEIFA score Socio Economic Indexes for Areas (SEIFA) is 500 1,200 a suite of indexes that has been created by the Australian Bureau of Statistics (ABS) from social and economic Census information. Each index ranks geographic areas across Australia in terms of their relative socio- economic advantage and disadvantage. This report presents information from the Index of Relative Socio-economic Disadvantage (IRSD), a general socio-economic index that summarises a range of information about the economic and social conditions of people and households within an area. This index includes measures of relative disadvantage only and is not evidence of relative advantage. The SEIFA index of disadvantage for the Central Highlands (R) is 1,006. The local government area index of the Central Highlands (R): • Ranks 393 out of 544 local government areas with SEIFA scores in Australia • There are 151 local government areas which are less disadvantaged, and • There are 392 local government areas that are more disadvantaged. Central Highlands Development Corporation 11
Demographics Wellbeing Tieri The Gemfields The least disadvantaged The most disadvantaged localities are locality in the Central The Gemfields (788) and Willows (828) Highlands (1,092) Of 60 suburbs and localities located within the Central Highlands with a resident population, the least disadvantaged suburb is Tieri (1,092) and the most disadvantaged suburb is The Gemfields (788) followed by Willows (828). SEIFA Disadvantage 2016 Localities Score National rank 2016 Localities Score National rank The Gemfields SSC 32819 788 296 / 13,691 Minerva SSC 31869 1,041 9,643 / 13,691 Willows SSC 33110 828 441 / 13,691 Comet SSC 30661 1,052 10,514 / 13,691 Duaringa SSC 30889 931 2,090 / 13,691 Albinia SSC 30023 1,064 11,437 / 13,691 Bingegang SSC 30257 961 3,415 / 13,691 Arcturus SSC 30081 1,064 11,438 / 13,691 Dingo SSC 30852 961 3,417 / 13,691 Cairdbeign SSC 30480 1,064 11,439 / 13,691 Bluff SSC 30296 971 4,005 / 13,691 Orion SSC 32252 1,064 11,443 / 13,691 Balcomba SSC 30122 975 4,262 / 13,691 Carbine Creek SSC 30538 1,072 11,971 / 13,691 Barnard SSC 30168 975 4,263 / 13,691 Chirnside SSC 30608 1,072 11,972 / 13,691 Boolburra SSC 30321 975 4,264 / 13,691 Hibernia SSC 31338 1,072 11,977 / 13,691 Coomoo SSC 30697 975 4,269 / 13,691 Theresa Creek (Qld) SSC 32836 1,072 11,979 / 13,691 Gainsford SSC 31104 975 4,272 / 13,691 Buckland (Qld) SSC 30408 1,075 12,126 / 13,691 Goowarra SSC 31219 975 4,273 / 13,691 Cona Creek SSC 30665 1,075 12,127 / 13,691 Mackenzie SSC 31742 975 4,278 / 13,691 Mantuan Downs SSC 31769 1,075 12,130 / 13,691 Capella SSC 30534 983 4,813 / 13,691 Nandowrie SSC 32120 1,075 12,131 / 13,691 Blackwater SSC 30283 987 5,085 / 13,691 Wealwandangie SSC 33047 1,075 12,133 / 13,691 Springsure SSC 32658 997 5,911 / 13,691 Belcong SSC 30210 1,077 12,243 / 13,691 Central Highlands (R) 1,006 393 / 544 Bundoora (Qld) SSC 30431 1,077 12,244 / 13,691 Arcadia Valley SSC 30078 1,023 8,071 / 13,691 Crinum SSC 30757 1,077 12,245 / 13,691 Consuelo SSC 30672 1,023 8,075 / 13,691 Khosh Bulduk SSC 31535 1,077 12,248 / 13,691 Humboldt SSC 31385 1,023 8,079 / 13,691 Lilyvale SSC 31673 1,077 12,249 / 13,691 Jellinbah SSC 31451 1,023 8,080 / 13,691 Lowestoff SSC 31713 1,077 12,250 / 13,691 Lowesby SSC 31712 1,023 8,081 / 13,691 Mount Macarthur SSC 32006 1,077 12,252 / 13,691 Rewan SSC 32445 1,023 8,082 / 13,691 Retro SSC 32444 1,077 12,254 / 13,691 Stewarton (Qld) SSC 32686 1,023 8,083 / 13,691 Wyuna (Qld) SSC 33220 1,077 12,256 / 13,691 Togara SSC 32867 1,023 8,084 / 13,691 Tieri SSC 32853 1,092 12,929 / 13,691 Argyll SSC 30083 1,025 8,250 / 13,691 Alsace SSC 30046 No score Lochington SSC 31687 1,025 8,256 / 13,691 Blackdown SSC 30277 No score Emerald (Qld) SSC 30982 1,026 8,336 / 13,691 Carnarvon Park SSC 30547 No score Rolleston SSC 32485 1,031 8,775 / 13,691 Cheeseborough SSC 30591 No score Bauhinia SSC 30185 1,040 9,551 / 13,691 Coorumbene SSC 30714 No score Goomally SSC 31203 1,040 9,558 / 13,691 Cotherstone SSC 30735 No score Mimosa (Qld) SSC 31865 1,040 9,560 / 13,691 Dromedary (Qld) SSC 30887 No score Mungabunda SSC 32087 1,040 9,562 / 13,691 Fork Lagoons SSC 31080 No score Oombabeer SSC 32244 1,040 9,563 / 13,691 Gordonstone SSC 31223 No score Rhydding SSC 32446 1,040 9,564 / 13,691 Wallaroo (Qld) SSC 32996 No score Gindie SSC 31137 1,041 9,641 / 13,691 Wooroona SSC 33189 No score 12 Central Highlands QLD 2019 Economic Profile
Demographics Education Central Highlands’ residents The largest increase in qualifications from 2011 31.0% predominantly to 2016 was for residents of the population hold hold Certificate with Graduate Diplomas educational qualifications qualifications and Graduate Certificates Qualifications Analysis of the qualifications of the population in the Central Highlands compared to Queensland shows 7.8% of Central Highlands’ residents with a Bachelor Degree or higher, compared to 14.7% in Queensland. A higher proportion of Central Highlands’ residents hold a Certificate qualification (18.8%) compared to Queensland (17.2%). Overall, 31.0% of the population hold educational qualifications, and 57.0% hold no qualifications, compared with 38.9% and 52.4%, respectively for Queensland. Central Highlands Queensland Postgraduate 0.8% Degree 2.9% Graduate Diploma 0.8% and Graduate Certificate 1.4% Bachelor 6.2% Degree 10.5% Advanced 4.5% Diploma and Diploma 7.0% 18.8% Certificate 17.2% Inadequately 12.1% described/ not stated 8.7% 57.0% No qualifications 52.4% % of population 0 10 20 30 40 50 60 70 Source: ABS (2017) Change in Qualifications, 2011 to 2016 The largest changes in the qualifications of the population of the Central Highlands between 2011 and 2016 are in those with: • No Qualifications (-1,363 persons) • Graduate Diplomas and Graduate Certificates (+53 persons), and • Postgraduate Degrees (+38 persons). Postgraduate 38 Degree Graduate Diploma 53 and Graduate Bachelor 29 Degree Advanced Diploma 18 and Diploma Certificate 20 No qualifications -1,363 Persons -1,400 -1,200 -1,000 -800 -600 -400 -200 0 200 Source: ABS (2017) Central Highlands Development Corporation 13
Demographics Income and families 23.0% The Central Highlands comprises a higher of Central Highlands’ proportion of couple residents earn families with children than $1,500 per week or more the Queensland average Weekly Individual Income Analysis of individual income levels in the Central Highlands in 2016 compared to Queensland shows that the median weekly income is higher for local residents when compared to the broader State; $843 vs $660. Overall, 23.1% of persons earn a low income (less than $400 per week) and 23.0% earn a high income ($1,500 or more per week), compared to 28.4% and 15.1%, respectively in Queensland. Central Highlands Queensland % of population 20 16.4% 15.4% 15 13.7% 11.5% 9.4% 9.4% 10 8.7% 8.5% 8.5% 8.0% 8.0% 8.0% 7.9% 7.7% 7.1% 7.1% 6.8% 6.3% 6.2% 5.7% 5.6% 5.1% 5 4.1% 3.9% 0.7% 0.5% 0 Negative Nil $1 to $149 $150 to $300 to $400 to $650 to $800 to $1,000 to $1,249 to $1,500 to $2,000 or Not income $299 $399 $649 $799 $999 $1,249 $1,499 $1,999 more stated Source: ABS (2017) Family Composition Central Highlands comprises a higher proportion of couple families with children (51.1%) when compared with Queensland (42.5%), and a lower proportion of couple families with no children (36.6%) compared with Queensland (39.4%). Overall, 11.1% of families are one parent families, and 1.2% are other families, compared with 16.5% and 1.6%, respectively for Queensland. Central Highlands Queensland Couple family 36.6% with no children 39.4% Couple family 51.1% with children 42.5% One parent 11.1% family 16.5% 1.2% Other family 1.6% % of families 0 10 20 30 40 50 60 Source: ABS (2017) 14 Central Highlands QLD 2019 Economic Profile
Demographics Dwelling tenure and structure Rented dwellings represent the highest 45.6% proportion of dwelling of dwellings are tenure in the Central owned outright or with Highlands a mortgage Dwelling Tenure Dwelling Structure Analysis of the housing tenure of dwellings in the Central As at 2016, there are 10,713 separate houses in the Central Highlands in 2016 compared to dwellings in Queensland Highlands; 1,657 medium density dwellings, 6 high density shows there is a larger proportion of rented dwellings or dwellings, 938 caravans, cabins or houseboats; and 38 other dwellings under other tenure types. This is reflective of the dwellings. large non-resident workforce in the region, who are renting or There is a significantly higher proportion of ‘Caravan, cabin, living in various short term accommodation arrangements. houseboat’ dwellings in the Central Highlands (6.8%) compared Overall, 45.6% of dwellings are owned outright or with a to Queensland (2.1%). This can be attributed to the large mortgage, 34.6% are being rented and 6.3% are other tenure number of non-residents staying in employer-provided types, compared to 58.6%, 31.3% and 2.0%, respectively in accommodation while working in the region. Queensland. Central Highlands Queensland Central Highlands Queensland Owned outright Separate house 22.0% 77.4% 27.4% 73.7% Owned with a mortgage Medium density 23.5% 12.0% 31.3% 15.7% Rented High density 34.6% 0.0% 31.3% 7.8% Other tenure type Caravan, cabin, houseboat 6.3% 6.8% 2.0% 2.1% Not stated Other 13.6% 0.3% 8.2% 0.2% % of dwellings 0 10 20 30 40 Not stated Source: ABS (2017) 3.6% 0.6% % of dwellings 0 20 40 60 80 100 Source: ABS (2017) Central Highlands Development Corporation 15
Employment Industry Mining The Agriculture, Within the Central Highlands forestry & fishing sector workforce, the Mining sector experienced the largest comprises the largest increase in jobs from number of employees 2011 to 2016 The following graphs illustrate the profile of employed people whose place of work is located within the Central Highlands. This includes residents and non-residents. Employment by industry Change in jobs by industry sector, The total employment estimate for the Central Highlands as at 2011 to 2016 the 2016 Census is 17,019 jobs. The ‘Mining’ sector comprises Between the 2011 and 2016 Census periods, there was a net 6,079 jobs, followed by the ‘Agriculture, forestry & fishing’ decrease of 2,239 jobs in the Central Highlands. sector (1,791 jobs) and the ‘Retail trade’ sector (1,184 jobs). Mining 6,079 Mining -564 Agriculture, Agriculture, forestry & fishing 1,791 forestry & fishing 180 Retail trade 1,184 Retail trade -54 Education & Education & training 1,132 training 140 Accommodation & Accommodation & food services 1,010 food services -125 Construction 971 Construction -1,112 Health care & Health care & social assistance 768 social assistance 18 Other services 660 Other services -120 Transport, postal & Transport, postal & warehousing 627 warehousing -130 Public administration Public administration & safety 602 & safety -5 Administrative & Administrative & support services 469 support services 16 Professional, scientific Professional, scientific & technical services 374 & technical services -118 Wholesale trade 342 Wholesale trade -97 Manufacturing 325 Manufacturing -258 Rental, hiring & Rental, hiring & real estate services 268 real estate services -20 Electricity, gas, water Electricity, gas, water & waste services 144 & waste services 31 Financial & insurance Financial & insurance services 126 services -32 Arts & recreation Arts & recreation services 84 services 10 Information media & Information media & telecommunication 63 telecommunication 1 Jobs Jobs 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 -1,200 -1,000 -800 -600 -400 -200 0 200 Source: ABS (2017) Source: ABS (2017) 16 Central Highlands QLD 2019 Economic Profile
Employment Industry 17,019 Mining The Central Highlands has a is the largest employer of both total workforce of 17,019, with the resident (22.2%) and 67.3% of workers residing locally non-resident (63.6%) workforce Industry Sector Total jobs Resident workforce Non-resident workforce % Change % Change % Change No. from 2011 No. from 2011 No. from 2011 Agriculture, forestry & fishing 1,791 11.2% 1,530 7.4% 261 40.0% Mining 6,079 -8.5% 2,545 -24.3% 3,534 7.7% Manufacturing 325 -44.3% 204 -49.4% 121 -32.8% Electricity, gas, water & waste services 144 27.4% 121 32.7% 23 5.6% Construction 971 -53.4% 613 -37.3% 358 -67.6% Wholesale trade 342 -22.1% 266 -20.7% 76 -26.5% Retail trade 1,184 -4.4% 1,073 2.0% 111 -40.4% Accommodation & food services 1,010 -11.0% 831 -7.3% 179 -25.0% Transport, postal & warehousing 627 -17.2% 500 -11.6% 127 -33.7% Information media & telecommunications 63 1.6% 39 -28.1% 24 221.6% Financial & insurance services 126 -20.3% 104 -27.1% 22 40.7% Rental, hiring & real estate services 268 -6.9% 203 -18.2% 65 62.6% Professional, scientific & technical services 374 -24.0% 299 -24.5% 75 -22.0% Administrative & support services 469 3.5% 320 4.2% 149 2.1% Public administration & safety 602 -0.8% 522 -0.8% 80 -0.7% Education & training 1,132 14.1% 1,023 11.6% 109 44.9% Health care & social assistance 768 2.4% 667 3.0% 101 -1.6% Arts & recreation services 84 13.5% 66 7.6% 18 43.2% Other services 660 -15.4% 535 -7.8% 125 -37.3% Total 17,019 -11.6% 11,461 -11.8% 5,558 -11.4% Source: REMPLAN (2019) Central Highlands Development Corporation 17
Employment Occupation 4.4% The Central Highlands workforce is dominated by The unemployment rate has Machinery Operators and increased from 2.4% in 2009 Drivers and Technicians and to 4.4% in 2018 Trades Workers Unemployment rate The unemployment rate in the Central Highlands in 2018 was 4.4%. From 2009 to 2018, the unemployment rate in the Central Highlands has ranged from a low of 2.4% in 2009 to a peak of 5.0% in 2015. Central Highlands Central Queensland SA4 Queensland 8.0% 7.0% 6.0% 5.0% 4.0% 3.0% 2.0% 1.0% 0 Year 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Source: Department of Jobs and Small Business (2019); ABS (2019b) Occupation Compared to the Central Queensland SA4 and State averages, the Central Highlands has a higher proportion of ‘Technicians and Trades Workers’ and ‘Machinery Operators and Drivers’. Work in the Central Highlands Work in Central Queensland SA4 Work in Queensland % of workers 30 24.5% 25 21.0% 20.3% 18.3% 20 14.6% 14.2% 13.7% 15 12.5% 12.2% 12.1% 12.1% 11.7% 12.0% 11.3% 10.5% 10.2% 10.1% 10.1% 9.9% 9.0% 10 8.7% 6.8% 6.4% 5.9% 5 0.8% 0.8% 0.6% 0 Managers Professionals Technicians & Community & Clerical & Sales workers Machinery Labourers Not stated/ trade workers personal administrative operators & inadequately service workers drivers described Source: REMPLAN (2019) 18 Central Highlands QLD 2019 Economic Profile
Employment Age and qualifications 25–44 yrs Workers in the Central Highlands are predominantly in the 25 to 44 year age group Age Qualifications The workforce age profile for the Central Highlands Workers in the Central Highlands have a lower representation shows a higher proportion of workers in the 25 to 44 of graduate qualifications (Bachelor Degree and higher) year age group compared to the Central Queensland SA4 when compared to the Central Queensland SA4 and State and State benchmarks. averages. A higher proportion of workers have Certificate or No Qualifications in comparison to these benchmark areas. Work in the Central Highlands Work in the Central Highlands Work in Central Queensland SA4 Work in Central Queensland SA4 Work in Queensland Work in Queensland 4.7% 1.2% Postgraduate 15–19 6.4% 2.2% Degree 5.9% 5.0% 8.4% Graduate 0.9% Diploma and 20–24 9.1% 1.8% Graduate 9.7% Certificate 2.5% 24.1% 10.2% Bachelor 25–34 21.4% 12.4% Degree 21.8% 18.1% 25.0% 6.6% Advanced 35–44 21.8% Diploma and 8.3% Diploma 22.0% 11.0% 22.1% 36.7% 45–54 22.7% Certificate 32.5% 21.9% 26.4% 13.1% 42.6% No 55–64 15.4% 40.5% qualifications 14.9% 34.6% % of workers 0 10 20 30 40 50 2.3% 65–74 2.9% Source: REMPLAN (2019) 3.5% 0.2 Over 0.4% 0.4% % of workers 0 5 10 15 20 25 30 Source: REMPLAN (2019) Central Highlands Development Corporation 19
Employment Method of travel to work 67.3% 65.9% of the population of workers travel by car live and work to work in the region Breakdown of the Central Highlands’ workforce Of the 17,019 jobs in the Central Highlands, 11,461 workers (67.3%) also live in the region. Approximately 32.7% of workers (5,558 workers) in the Central Highlands live outside of the region. This is significantly higher than Central Queensland SA4 (12.8%) and is indicative of the large proportion of non-resident workers in the region. Central Highlands Central Queensland SA4 Work and 67.3% live in region 87.2% Work in region, 32.7% live elsewhere 12.8% % of workers 0 10 20 30 40 50 60 70 80 90 100 Source: REMPLAN (2019) Method of travel to work Over 98.7% of the Central Highlands’ workforce use the following methods to travel to work. Approximately 65.9% of workers travel by car (either as driver or passenger), 6.2% work from home and 5.6% of workers use the bus. (One method) 10,185 Car, as driver Did not 2,321 go to work Worked at home 1,047 (One method) 1,023 Car, as passenger (One method) 954 Bus (One method) 781 Walked only (One method) 171 Other (One method) 113 Truck (Two methods) Bus and car 107 as driver (Two methods) 96 Car and other Jobs 0 2,000 4,000 6,000 8,000 10,000 12,000 Source: REMPLAN (2019) 20 Central Highlands QLD 2019 Economic Profile
Industry Output $8.419 bn 59.9% Output generated Mining contributes 59.9% of total output in the Central Highlands Output Output data represents the gross revenue generated by Mining $5,046.981 businesses/organisations in each of the industry sectors in Agriculture, a defined region. forestry & fishing $520.966* The output generated by the Central Highlands’ regional Construction $490.302 economy is estimated at $8.419 billion. Rental, hiring & real estate services $474.416 The 2016–17 Agribusiness Snapshot identifies that the Central Highlands conservatively delivered approximately $839 million Manufacturing $300.006 in agricultural value (ACIL Allen based on ABS, 2016–17). Due Transport, postal & to the problematic nature of data collected for agriculture warehousing $207.189 in the region, CHDC commissions an annual comprehensive Accommodation & $173.494 Agribusiness Regional Stocktake which provides accurate food services information on production and business data trends across Education & training $152.760 key agricultural commodities for the Central Highlands, and is available from the CHDC website. Retail trade $138.990 Administrative & support services $133.459 Wholesale trade $132.216 Public administration & safety $116.290 Electricity, gas, water & waste services $101.647 Health care & social assistance $99.031 Other services $98.907 Professional, scientific & technical services $98.560 Financial & insurance services $89.871 Information media & telecommunication $31.188 Arts & recreation services $12.777 Output ($m) 0 1,000 2,000 3,000 4,000 5,000 6,000 Source: REMPLAN (2019) *See appendix (p. 45) Central Highlands Development Corporation 21
Industry Value-added $3.777 bn 58.0% Total value-added Mining sector contributes 58.0% of total value-added for the Central Highlands Value-added Value-added data represents the marginal economic value Mining $2,190.264 that is added by each industry sector in a defined region. Rental, hiring & Value-added can be calculated by subtracting local real estate services $298.567 expenditure and expenditure on regional imports from the Agriculture, $202.060 output generated by an industry sector, or alternatively, by forestry & fishing adding the Wages & Salaries paid to local employees, the Construction $163.440 gross operating surplus and taxes on products and production. Value-added by industry sector is the major element in the Education & $111.658 training calculation of Gross Regional Product. Transport, postal & warehousing $91.284 The total value-added by the Central Highlands’ regional economy is estimated at $3.777 billion. Retail trade $84.371 Administrative & support services $77.528 Public administration & safety $74.930 Accommodation & food services $69.224 Financial & insurance services $67.842 Health care & social assistance $67.831 Wholesale trade $66.709 Manufacturing $53.911 Electricity, gas, water & waste services $49.066 Professional, scientific & technical services $46.856 Other services $43.851 Information media & telecommunication $12.795 Arts & recreation services $4.886 Value-added ($m) 0 500 1,000 1,500 2,000 2,500 Source: REMPLAN (2019) 22 Central Highlands QLD 2019 Economic Profile
Industry Local expenditure and regional exports $1.436 bn $5.706 bn Total local expenditure Total regional export Local expenditure Regional exports Local Expenditure data represents the value of intermediate Regional Exports data represents the value of goods and goods and services purchased by local industry sectors within services exported outside of the region that have been the region. A high level of local expenditure on intermediate generated by industry sectors within the region. The following goods and services proportionate to total output is indicative graph depicts the contribution to total regional exports of well-developed local supply chains and also that any generated by each of the industry sectors ranked from highest expansion in this sector would typically deliver broad based to lowest. benefits for the region’s economy. The total regional export estimate for the Central Highlands is The total local expenditure estimate for the Central Highlands $5.706 billion. is $1.436 billion. Mining $818.427 Mining $4,763.820 Agriculture, Agriculture, forestry & fishing $144.289 forestry & fishing $415.231 Construction $132.075 Manufacturing $120.794 Rental, hiring & Manufacturing $61.631 real estate services $79.963 Rental, hiring & real estate services $57.351 Construction $73.137 Transport, postal & Accommodation & warehousing $33.848 food services $68.311 Accommodation & Transport, postal & food services $21.570 warehousing $62.919 Education & Wholesale trade $20.933 training $39.237 Administrative & Administrative & support services $20.361 support services $20.243 Electricity, gas, water Electricity, gas, water & waste services $18.511 & waste services $18.629 Retail trade $17.940 Wholesale trade $17.232 Other services $16.934 Other services $10.292 Professional, scientific & technical services $16.484 Retail trade $5.706 Public administration Professional, scientific & safety $14.142 & technical services $3.830 Education & Financial & insurance training $14.090 services $2.135 Health care & Information media & social assistance $11.899 telecommunication $1.890 Financial & insurance Health care & services $6.125 social assistance $1.229 Information media & Public administration telecommunication $5.953 & safety $1.043 Arts & recreation Arts & recreation services $2.951 services $0.475 Local expenditure ($m) Regional exports ($m) 0 200 400 600 800 1,000 0 1,000 2,000 3,000 4,000 5,000 Source: REMPLAN (2019) Source: REMPLAN (2019) Central Highlands Development Corporation 23
Industry Regional imports and key industry drivers $3.206 bn Top 5 Total regional imports Key drivers in terms of regional exports, employment, value-added and local expenditure on goods and services are: Mining, livestock, grains & other agriculture, accommodation & food services, retail trade, education & training Regional imports Key industry drivers Regional Imports data represents the value of goods and Taking into consideration potential import replacement services imported into the Central Highlands by businesses/ opportunities as well as current contributions to the regional organisations in each of the industry sectors. Another way of economy in terms of employment, value-added and local defining imports is as an outflow of money from the Central expenditure on goods and services (backward linkages), key Highlands. The following graph depicts the contribution to total industry sectors have been identified. In order to understand regional imports generated by each of the industry sectors the contributions of industry sectors in more detail, the general ranked from highest to lowest. 19 industry sector classification has been broken down to the 45 industry sub-sector level. The following key industry The total regional imports estimate for the Central Highlands is sub-sectors have been identified as the key drivers of the $3.206 billion. Central Highlands region’s economy: Mining $2,038.290 • Mining Construction $194.787 • Livestock, Grains & Other Agriculture • Accommodation & Food Services Manufacturing $184.463 • Retail Trade Agriculture, forestry & fishing $174.617 • Education & Training Rental, hiring & real estate services $118.498 Accommodation & food services $82.699 Transport, postal & warehousing $82.056 Wholesale trade $44.574 Other services $38.122 Retail trade $36.679 Administrative & support services $35.570 Professional, scientific & technical services $35.220 Electricity, gas, water & waste services $34.069 Public administration & safety $27.218 Education & training $27.012 Health care & social assistance $19.301 Financial & insurance services $15.904 Information media & telecommunication $12.440 Arts & recreation services $4.940 Regional imports ($m) 0 500 1,000 1,500 2,000 2,500 Source: REMPLAN (2019) 24 Central Highlands QLD 2019 Economic Profile
Industry Key industry drivers 17,019 Total jobs estimate for the Central Highlands Employment data refers to employed people whose place of work is located within the Central Highlands, which includes residents and non-residents. It is based on the ABS 2016 Census Place of Work data. Employment Employment is a key social outcome of economic development; employment data represents the number of people employed by businesses/ organisations in each of the industry sectors in the Central Highlands. The total employment estimate for the Central Highlands is 17,019 jobs. The key industries contribute 10,859 jobs or 63.8% of total jobs in the Central Highlands. 9.8% Livestock, grains & other agriculture (1,662) Mining (5,871) Retail trade (1,184) 36.2% Accommodation & Food Services (1,010) Education & training (1,132) 34.5% Other (6,160) Source: REMPLAN (2019) 5.9% 6.7% Regional Exports 7.0% Regional Exports represents the value of goods and services exported outside of the Central Highlands region that have been generated by local businesses/organisations. Another way of defining exports is as an inflow of money into the region. The total regional export estimate for the region is $5.706 billion. The selected sectors contribute $5.265 billion (92.3%) of total regional exports. 0.7% 1.2% 7.0% 0.1% Livestock, grains & other agriculture ($398.52 million) Mining ($4,753.62 million) 7.7% Retail trade ($5.71 million) Accommodation & Food Services ($68.31 million) Education & training ($39.24 million) Other ($440.72 million) Source: REMPLAN (2019) 83.3% Central Highlands Development Corporation 25
Industry Key industry drivers $111.66 m $813.163 m Education & training Mining is the highest contributor contribution of total in terms of local expenditure value-added (45 industry sector level) Value-added The total value-added estimate for the Central Highlands is $3.777 billion. The selected sectors contribute $2.614 billion (69.2%) of total value-added. 4.8% Livestock, grains & other agriculture ($181.21 million) Mining ($2,168.02 million) 30.8% Retail trade ($84.37 million) Accommodation & Food Services ($69.22 million) Education & training ($111.66 million) Other ($1,162.59 million) Source: REMPLAN (2019) 1.8% 3.0% 57.4% 2.2% Local expenditure The following graph shows the value of intermediate goods and services purchased by industry sectors within the Central Highlands. The total local expenditure estimate for the Central Highlands is $1.436 billion. The selected sectors contribute $994.424 million (69.3%) of total local expenditure. 8.9% Livestock, grains & other agriculture ($127.66 million) Mining ($813.16 million) 30.7% Retail trade ($17.94 million) Accommodation & Food Services ($21.57 million) Education & training ($14.09 million) Other ($441.09 million) Source: REMPLAN (2019) 1.0% 1.5% 56.7% The industry sectors may not necessarily make the largest contributions to 1.3% the region’s economy at present, however due to well-developed local supply chains these sectors have a significant capacity to deliver broad based economic benefits for the region. 26 Central Highlands QLD 2019 Economic Profile
Industry Summary indicators and gap analysis 21.5% $3.929 bn $2.944 bn The Central Highlands GRP for the Total imports by industry accounts for 21.5% of the Central Highlands region sectors Central Queensland SA4 GRP Indicator GRP Output Value-added Regional exports Regional imports ($m) ($m) ($m) ($m) ($m) Central Highlands $3,929.301 $8,419.049 $3,777.075 $5,706.115 $3,206.459 Central Queensland SA4 $18,234.285 $41,109.946 $17,175.415 $17,662.483 $12,175.192 Queensland $348,969.000 $705,670.707 $325,534.292 $109,808.957 $104,900.706 Source: REMPLAN (2019) The Central Highlands accounts for: Domestic imports – demand (from rest of Australia) ($m) • 21.5% of Central Queensland SA4 and 1.1% of Queensland’s Mining $2,033.183 GRP • 20.5% of Central Queensland SA4 and 1.2% of Queensland’s Construction $178.303 output Agriculture, forestry & fishing $170.652 • 22.0% of Central Queensland SA4 and 1.2% of Queensland’s Rental, hiring & value-added real estate services $101.187 Transport, postal & • 32.3% of Central Queensland SA4 and 5.2% of Queensland’s warehousing $71.130 regional exports Manufacturing $59.823 • 26.3% of Central Queensland SA4 and 3.1% of Queensland’s regional imports. Wholesale trade $44.143 Accommodation & food services $43.479 Import Replacement Opportunities Other services $37.613 Imports reflect demand in the area’s economy for goods and services not supplied locally and therefore represent ‘Gaps’ Retail trade $36.679 in local supply chains. Imports from the rest of Australia may Electricity, gas, water indicate opportunities for import replacement, increased & waste services $34.007 value-adding and supply chain development. Supply of these Administrative & goods and services is currently feasible in the Australian support services $31.588 context and may provide a guide to realistic, high value Professional, scientific $30.434 strategic opportunities to further develop the local economy. & technical services The total replacement of imports with local production is Public administration $27.213 & safety improbable however it may be possible to capture a proportion of this escape expenditure. Education & training $26.848 Total imports by industry sectors in the Central Highlands from Health care & social assistance $18.652 the rest of Australia are estimated at $2.944 billion. Financial & insurance services $14.550 Information media & telecommunication $9.666 Arts & recreation services $4.406 Value of domestic imports ($m) 0 500 1,000 1,500 2,000 2,500 Source: REMPLAN (2019) Central Highlands Development Corporation 27
Industry Gap analysis $473.615m $285.454m Exploration & Mining Support Professional, Scientific & Services have the largest imports Technical Services in imports from the ‘rest of Australia’ from the ‘rest of Australia’ External Industry What are the selected local demand sector(s) importing from rest of Australia? ($m) Sectors Supplying Exploration & mining support services $473.615 to the Region Professional, scientific & technical services $285.454 Financial & insurance services $268.102 In order to identify potential Technical equipment & appliance manufacturing $176.353 gaps within the region, Petroleum & coal product manufacturing $166.629 REMPLAN data has been Transport support services & storage $145.701 applied at the 45 industry Metal & metal product manufacturing $140.751 sector level. The local Wholesale trade $130.653 industry sectors import a Transport $130.596 total of $2.944 billion of Construction services $110.722 goods and services from the Construction $104.034 rest of Australia, conversely Property services $79.971 industry sectors in the rest Accommodation & food services $79.810 of Australia supply $2.944 Mining $71.816 billion of goods and services Electricity $68.887 to the local industries as part Repair, maintenance & other services $63.419 of the process of production. Public admin., regulatory services, order & safety $55.932 Information media & telecommunication $48.957 Basic chemical, cleaning & polymer manufacturing $42.300 Transport equipment & parts manufacturing $38.636 Retail trade $38.290 Food product manufacturing $37.368 Livestock, grains & other agriculture $28.625 Administrative & support services $21.612 Apparel manufacturing $21.104 Non-metallic mineral product manufacturing $21.101 Saw mill, wood & paper product manufacturing $15.494 Pharmaceutical product manufacturing $15.274 Gas, water & waste services $10.200 Sports, recreation & gambling $9.285 Printing (incl. the reproduction of recorded media) $8.727 Education & training $8.558 Postal & courier pick-up & delivery service $8.172 Beverage product manufacturing $5.241 Agriculture, forestry & fishing support services $3.295 Forestry, fishing & hunting $2.680 Furniture manufacturing $1.919 Other manufactured products $1.578 Heritage, creative & performing arts $0.938 Aquaculture $0.765 Personal services $0.733 Defence $0.131 Residential care & social assistance services $0.128 Rental & hiring services (except real estate) $0.000 Health care services $0.000 ($m) 0 100 200 300 400 500 Source: REMPLAN (2019) 28 Central Highlands QLD 2019 Economic Profile
Industry Major projects The 2018 Development Register profiles $7.1bn $5.9 bn $50.5 bn Mining investment projects account Current total project investment, of projects in progress for $5.9 billion of total investment including projects of significance in the region projects in the Central Highlands outside of the Central Highlands region Category Not started ($m) In progress ($m) Completed ($m) Total ($m) Community Infrastructure $5.18 $6.87 $19.88 $31.93 Retail Construction — — — — Industrial Construction $18.50 $15.20 — $33.70 Residential Construction — $37.95 — $37.95 Workforce Accommodation Construction — — — — Road — $55.10 $27.60 $82.70 Flood Restoration and Mitigation $5.00 — $3.60 $8.60 Tourism — — $0.59 $0.59 Mining $5,824.00 — $46.00 $5,870.00 Energy $500.00 $415.00 — $915.00 Water and Sewerage $3.00 $117.00 $6.79 $126.79 CH Subtotal $6,355.68 $647.12 $104.46 $7,107.27 Rail (outside the Central Highlands) — $2,200.00 — $2,200.00 Mining (outside the Central Highlands) $38,349.00 $1,900.00 — $40,249.00 Energy (outside the Central Highlands) $900.00 — — $900.00 Outside CH Subtotal $39,249.00 $4,100.00 — $43,349.00 Grand total $45,604.68 $4,747.12 $104.46 $50,456.27 Source: CHDC (2018) Based on available information, there is currently $7.1 billion in known major project investment currently underway or planned for short term development in the Central Highlands. Moreover, known projects of significance that are located outside of the Central Highlands region that will still have substantial economic benefits to the region approximate $43.3 billion. Central Highlands Development Corporation 29
Housing Building approvals 70.8% 47% Separate house approvals have accounted The value of non-residential approvals has for approximately 70.8% of total dwelling generally accounted for approximately approvals from 2007–08 to 2017–18 47% of the total value of building approvals Number of dwelling approvals There were 22 new dwelling approvals in 2017–18, an increase of 5 dwellings over the previous 12 months, comprising 22 houses and no “other” (unit) dwellings. Dwelling approvals peaked in 2012–13 at 422 approvals. Since then the volume of approvals have experienced a significant decrease caused by trends in global mineral prices that affected the economy of the Central Highlands. Over the 10 year period from 2007–08 to 2017–18, separate house approvals have accounted for approximately 70.8% of total dwelling approvals. The highest levels of unit approvals occurred in 2011–12 (46% of total approvals). Houses Other 500 171 400 75 158 300 65 285 200 251 50 47 34 198 186 146 149 155 100 2 11 17 22 0 37 Year 2007–08 2008–09 2009–10 2010–11 2011–12 2012–13 2013–14 2014–15 2015–16 2016–17 2017–18 Source: ABS (2019c) Value of building approvals The total value of building approvals during 2017–18 is $18.4 million. The value of residential building approvals peaked in 2012–13 at $235.9 million. The value of ‘non-residential’ approvals has generally accounted for approximately 47% of the value of total building approvals. Residential Non-residential $250m 119.3 $200m 92.7 98.7 $150m 32.9 $100m 116.7 38.2 19.8 14.9 88.9 84.6 38.5 $50m 65.7 5.8 51.6 50.0 55.5 14.9 8.6 3.7 9.8 6.4 0 17.7 Year 2007–08 2008–09 2009–10 2010–11 2011–12 2012–13 2013–14 2014–15 2015–16 2016–17 2017–18 Source: ABS (2019c) 30 Central Highlands QLD 2019 Economic Profile
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