Appendix H - Economic Assessment

places. This is projected to increase to demand for 1,655 residential places by 2036 (up 684 residential
places) and equates to an average annual growth rate of 3.0% over the next 18 years.
                                                       1,800

                                                       1,600

                                                       1,400
                           Residential Places Demand




                                                       1,200

                                                       1,000

                                                        800

                                                        600

                                                        400

                                                        200

                                                          0
                                                               2018
                                                                      2019
                                                                             2020
                                                                                    2021
                                                                                           2022
                                                                                                  2023
                                                                                                         2024
                                                                                                                2025
                                                                                                                       2026
                                                                                                                              2027
                                                                                                                                     2028
                                                                                                                                            2029
                                                                                                                                                   2030
                                                                                                                                                          2031
                                                                                                                                                                 2032
                                                                                                                                                                        2033
                                                                                                                                                                               2034
                                                                                                                                                                                      2035
                                                                                                                                                                                             2036
               Figure 4                                  Aged Care Demand, Residential Places, Catchment, 2018 to 20362

Aged Care Supply
As at 30 June 2017, the Catchment had a total supply of 873 residential aged care places. Only one
residential aged care facility was located within the suburb of Cooroy (south-east of the Subject Site).
Spatially, the rest of current supply is situated east of the Subject Site, extending as far north to Tewantin
and as far south to Coolum Beach.




2 ABS (2017), Population by Age and Sex, Regions of Australia, 2016, Cat. No. 3235.0, Australian Bureau of Statistics, Canberra
PC (2018), Report on Government Services 2018, Productivity Commission, 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 4