Appendix H - Economic Assessment

                                                25,000

                                                23,000

                                                21,000

                                                19,000
                          Population Aged 70+




                                                17,000

                                                15,000

                                                13,000

                                                11,000

                                                 9,000

                                                 7,000

                                                 5,000
                                                         2001
                                                                2003
                                                                       2005
                                                                              2007
                                                                                     2009
                                                                                            2011
                                                                                                   2013
                                                                                                          2015
                                                                                                                 2017
                                                                                                                        2019
                                                                                                                               2021
                                                                                                                                      2023
                                                                                                                                             2025
                                                                                                                                                    2027
                                                                                                                                                           2029
                                                                                                                                                                  2031
                                                                                                                                                                         2033
                                                                                                                                                                                2035
                                                                                               Historical               Projected

 Figure 2        Historical and Projected Population, Aged 70 years and over, Catchment, 2001 to 2036 1

Methodology
RPS Economics utilised a two-stage approach (Figure 3) to calculate need for residential aged care places
within the Catchment.




                                                                       Figure 3                    Assessment Approach

Aged Care Demand
Applying the Queensland provision ratio of 74.4 residential aged care places per 1,000 to the Catchment
population aged 70+, RPS Economics estimates that there is currently demand for 971 residential aged care


1 ABS (2017), Population by Age and Sex, Regions of Australia, 2016, Cat. No. 3235.0, Australian Bureau of Statistics, Canberra
QGSO (2017), Projected Population (medium series), by statistical area level 2 (SA2), SA3 and SA4, Queensland, 2011 to 2036,
Queensland Government Statistician’s Office, Brisbane



140586-1 | Cooroy Aged Care Assessment | 11/06/2018                                                                                                                                    Page 3