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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 - Background Report - Draft Report
Figure 9.1. Net Internal Migration, Australia
20,000
10,000
0
Dec-14
Dec-17
Dec-10
Jun-11
Dec-11
Jun-12
Dec-12
Jun-13
Dec-13
Jun-14
Jun-15
Dec-15
Jun-16
Dec-16
Jun-17
Jun-18
Dec-18
Jun-19
Dec-19
Jun-20
Dec-20
-10,000
-20,000
-30,000
-40,000
Greater Sydney Greater Melbourne Greater Brisbane
Regional NSW Regional Victoria Regional Queensland
Source: ABS (2021e).
PWC has recently released an article discussing the future role of Australian CBDs (PWC, 2021). The
article discusses a number of important trends, including:
• Historically, CBDs have been strong economic destinations, producing a considerable
amount of Gross Domestic Product (GDP)
• The COVID-19 pandemic significantly impacted various industries that were based in CBDs,
including:
o Professional services, finance and insurance, which easily shifted to a remote
working / work from home environment
o Accommodation and food services, education and training, retail trade,
administrative and support services, which are not easily transferred to a remote
working environment
• As occupancy rates in major CBDs have remained well below their pre-COVID-19 levels,
many of these other businesses continue to suffer from a lack of patronage
• Many traditional office workers may not return to the CBD for work (a Roy Morgan poll
conducted for the City of Melbourne showed 75% of workers are reluctant to go back to
their workplace full-time).
• The reduced demand for CBD office space will force a lowering of prices and attract new
entrepreneurs and smaller, innovative companies who were previously prevented from
entering the CBD based on price and availability.
• Workplace design will dramatically change to accommodate for COVID-19 and social
distancing measures as well as to ensure they are attractive, functional places for workers
and businesses.
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