2015-08-18 Planning and Organisation Committee Attachment 1 to Item 8 AEC Noosa Economic Profile Final Report

Noosa Economic Profile
Final


          Figure 4.3: Median Rents for Houses, Noosa Shire LGA and Queensland, 2001 - 2014

                                                  $450


            Median Rent for Houses ($/week)       $400

                                                  $350

                                                  $300

                                                  $250

                                                  $200

                                                  $150

                                                  $100

                                                   $50

                                                       $0
                                                            2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

                                                                                             Noosa Shire LGA         Queensland

          Note: Median Rents are for 3 bedroom houses and valued at $ per week.
          Source: QGSO (2015)


          Figure 4.4: Median Mortgage Repayments and Median Rent, Broader Region, 2011
                                              $2,000
                                                                        Median mortgage repayment              Median rent
                                              $1,800

                                              $1,600
          Median Cost ($/month)




                                              $1,400

                                              $1,200

                                              $1,000

                                               $800

                                               $600

                                               $400

                                               $200

                                                 $0
                                                             Noosa Shire LGA           South East Queensland           Queensland

          Source: ABS (2011)


4.3       Residential Building Approvals
           Residential building approval values have increased from $100 million to $150 million
            between 2012 and 2014, during this same period the number of approved dwelling units
            increased from 200 to 360.
           Residential building approvals in Noosa Shire declined in value and number of dwelling
            units between 2007 and 2012, with a decline in value from $340 million to $100 million
            (600 declining to 200 dwelling units). This reflects the slowdown in the Australian
            economy after the 2008 global financial crisis.




                                                                                                                                    21