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2021-12-13 GC Agenda - Item 9 - Attachment 2-Noosa Economic Plan Review Update Report 2021
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Log in to see the plans as drawn NOOSA LEP REVIEW - ECONOMIC ANALYSIS REPORT - Draft Report
Figure 6.1. House Price to Income Ratio
14
12
House Price to Income Ratio
10
8
6
4
2
0
2006 2011 2016 2020
Noosa Queensland
Sources: QGSO (2021), ABS (2021d), ABS (2017).
6.3 Building Approvals
Sluggish population growth (compared to other parts of South East Queensland) and a general lack
of large-scale residential development land have seen residential building approvals trend
downward in recent years. As demand surges, if new housing supply cannot be brought online, then
housing costs will continue to escalate, further impacting affordability.
Figure 6.2. Value of Building Approvals, Noosa
$350
$300
Value of Building Approvals ($M)
$250
$200
$150
$100
$50
$0
2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 Mar
Residential Non-Residential FYTD
Source: economyID (2021).
28
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