MCU14/0106 Appendix J - Retail Needs Assessment

Trade Area Demographics (Cont.)
NOOSA CIVIC TRADE AREA, 2011                                                                                                                       TABLE 5.5
                                                                                                                                        Main
                                                                                          Secondary                                     Trade
                                                    Prim ary North East South East            South      North West        Total        Area         QLD Ave.
Household Com position (%)
Couples w ith no children                              35%           33%          29%          34%           36%           33%           33%               29%
Family w ith children <15                              23%           24%          30%          35%           27%           29%           27%               29%
Family w ith children >15                              12%           11%          12%          12%           13%           12%           12%               14%
Total Family (with children)                           35%           35%         42%           47%           40%           41%           39%               43%
Group Household                                         4%            6%          5%            3%            3%            4%            4%                5%
Lone Person                                            26%           25%          24%          15%           21%           22%           23%               23%
Other                                                   1%            1%          1%            0%            1%            1%            1%                1%
Housing Tenure 1
Ow ner                                                 38%           34%          28%          35%           39%           34%           35%               30%
Purchaser                                              30%           29%          34%          39%           40%           36%           34%               35%
Renter                                                 30%           37%          37%          26%           20%           30%           30%               34%
Housing Costs
Loan Mortgage Repayments (monthly $) $2,096                         $2,131      $2,031        $2,055        $1,828        $1,985        $2,013             $2,005
% Households in Mortgage Stress 2                       3%            5%          3%            7%            6%            5%            4%                2%
Rent Payments (w eekly $)                              $340          $377        $338          $367          $279          $340          $340              $305
% Households in Rental Stress 2                       12.3%         13.1%        12.5%         7.5%          6.1%          9.9%         10.6%              8.2%
% Households in Housing Stress                         16%           18%          15%          15%           12%           15%           15%               11%
Car Ow nership
% 0 Cars                                                7%            5%          4%            2%            4%            4%            5%                7%
% 1 Car                                                42%           43%          40%          30%           34%           37%           38%               36%
% 2 Cars +                                             51%           52%          56%          68%           62%           59%           57%               56%
Labour Force
Labour Force Participation                             56%           64%          66%          64%           59%           63%           61%               67%
% Unemployed                                            7%            8%          7%            6%            8%            7%            7%                6%
% Managers and Professionals                           30%           37%          34%          37%           29%           34%           33%               32%
% Other White Collar                                   37%           38%          35%          32%           35%           35%           36%               35%
% Blue Collar Occupations                              33%           24%          31%          31%           36%           31%           31%               33%
Birthplace
Australian Born                                        75%           74%          81%          77%           81%           79%           78%               78%
Overseas Born                                          25%           26%          19%          23%           19%           21%           22%               22%
 • Asia                                                 2%            2%          1%            1%            1%            1%            1%                4%
 • Europe                                              14%           12%          9%           13%           11%           11%           12%                7%
 • Other                                               10%           12%          9%            9%            7%            9%            9%               10%
1. 'Other' Tenure Types have no t been included.
2. The A ffo rdable Ho using Taskfo rce (established by the A CT Go vernment) has defined peo ple as having difficulty in accessing affo rdable ho using
if they are in the lo west two quintiles (lo west 40%) o f inco me distributio n and pay 30% o r mo re o f their gro ss ho useho ld inco me
in ho using co sts. This gro up is referred to as being in ho using stress.                              5% or 5%pts low er than the Qld b'mark
So urce : A B S; Urbis                                                                                   5% or 5%pts higher than the Qld b'mark


5.3.1         AGE GROUP FORECASTS
In terms of demographic change, a significant issue for Australia is the ageing population that is expected
to occur over the next couple of decades. As expected, the age profile of the Noosa Civic trade area is
expected to undergo a significant change.

The Office of Economic and Statistical Research have published age group forecasts at 5 year age
intervals for the SA2s situated within Queensland. These forecasts outline that by 2031 the proportion of
residents aged 65 and over is expected to have increased from 17.7% in 2011 to 26.7% in the SA2 areas
most relevant to the trade area. This represents an increase of around 9 percentage points from the 2011
base (refer Chart 5.2).




78    NOOSA CIVIC MARKET ANALYSIS
                                                                                                                                                        URBIS
                                                                                                 NOOSA CIVIC - RETAIL NEEDS ASSESSMENT DEC 2014 MASTER - FINAL