Attachment 7 - Economic Need and Impact Assessment · MCU13/0251

2.2      Demographic & Socio-Economic Analysis
A socio-economic profile of the trade area as at the 2011 Census of Population and Housing,
benchmarked against the former Noosa Shire (Noosa) and Queensland is provided in Table 2.1.
A number of key points can be drawn from this profile, these points being:
• As of the 2011 Census, there were 4,407 persons within the trade area, accounting for 9.1% of
  the Noosa population;
• The trade area was characterised by a higher proportion of persons aged 0-14 years and 35-54
  years, and a lower proportion of persons aged 55 years or over relative to Noosa. The
  incidence of persons aged 55 years and over in the trade area exceeded the Queensland
  average;
• In 2011, the average age of residents in the trade area was 40.4 years, lower than in Noosa but
  above the state average;
• The trade area recorded a higher incidence of couple families with children than in Noosa;
• In 2011, the average household size in the trade area was 2.6 persons per household,
  consistent with Noosa but lower than in Queensland;
• Both the trade area and Noosa were characterised by a high incidence of household
  ownership and a lower incidence of households with a mortgage relative to Queensland;
• The average weekly household income of residents within the trade area and Noosa was
  significantly lower than in Queensland, possibly due to the higher incidence of retirees in both
  regions;
• The trade area recorded higher than average monthly housing loan repayments and rent
  payments than Noosa and Queensland;
• Average housing costs as a percentage of household income were higher in the trade area and
  Noosa than the state average;
• In 2011, both the trade area and Noosa were characterised by a lower incidence of full time
  employment and a high incidence of part time employment relative to Queensland;
• The unemployment rate in the trade area was 6.9%, lower than in Noosa but above the state
  average. The labour force participation rate in the trade area was 61.3%, higher than in Noosa
  but lower than the state average;
• As of the 2011 Census, over half of the eligible population had a post-school qualification,
  significantly higher than in Noosa and Queensland, with a bachelor or higher qualification the
  most commonly held;
• Consistent with the qualification profile, the trade area was characterised by a relatively high
  proportion of persons in upper white collar professions and a relatively low proportion of
  persons in lower blue collar professions when compared to Noosa and Queensland;
• Within the trade area, employed persons were most commonly within the accommodation &
  food services, health care & social assistance, education & training and construction sectors;
• Both the trade area and Noosa recorded a high incidence of persons employed within the
  accommodation & food services sector relative to Queensland, consistent with the tourism
  focus within Peregian and Noosa more broadly; and




Peregian Village Market Economic Need and Impact Assessment                                    6
December 2013 13034 Report Rev 0