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2015-03-03 Attachment 1 it Item 5 Planning & Organisation Agenda Community Profile Report
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Noosa Coommunity Profile
Final Rep
port A
10. Deve
elopment
10.1 vals13
Building Approv
Building ap
pprovals are
e an importa nt leading economic indicator of futture building activity.
Building ap
pprovals dennote buildingg work apprroved by gov
vernment on n the construction of
new or alte
erations to existing
e build
dings. Some
e of the key findings
f for localities in Noosa in
2013-14 are:
The aveerage value ofo resident b
building approvals was highest
h unshine Bea
at Su ach ($1.3
million),, however th
he area only reported 1.9
9 approvals per 1,000 loocal residentts) in the
period. Noosa Head ds reported tthe second highest
h averrage value oof resident approvals
a
($521,362) with 10.9 approvalss per 1,000 local residents.
Noosaville reported the highesst average value
v of non-residentia
al building approvals
a
($804,153 per 1,0000 local resid
dents), followed by Pere
egian ($750,,256 per 1,0
000 local
residentts).
Figure 10.1
1: Building Approvals,
A Va
alue and Number, SA2s, 2013-14
25 $1,500.0
Residential Approvals per 1,000 Local Residents
Average Value of Approval ($'000)
20 $1,200.0
15 $900.0
(No.)
10 $600.0
5 $300.0
0 $0.0
Noosa
N Noosavville Tewantin Peregian Sunshine
S Noosa Heads
H
Hin
nterland Beach
Number of
o Residential Appro
ovals per 1,000 loca
al residents
Average Value
V of Residential Approvals
Average Value
V of Non-Reside
ential Approvals perr 1,000 local residen
nts
Source: ABS (2014d)
In 20133-14, the average
a val ue of resid
dent buildingg approvalss in the Shhire was
18 with 8.3 approvals pe
$371,51 er 1,000 loc
cal residents
s. This was h
higher than the SEQ
Region ($280,458 with 8.9 a approvals per
p 1,000 local residennts) and thhe State
($283,0
065 with 8.0 approvals p
per 1,000 loc
cal residents).
In 20133-14, the avverage value als in the Shire was
e of non-resident building approva
$411,0337. This was s considerab
bly lower th
han the SEQQ Region ($11.5 million) and the
State ($
$1.3 million).
13
Residential approvals per 1,000 local ressidents refers to
o the number of residential dwwellings (houses
s and other
uildings) approv
residential bu ved for constru
uction rebased against
a numberr of local resideents in each lo
ocality. This
provides a more
m meaningfu ul and compara able measure ofo the housing market when looking at localities with
substantial differences in pop
pulation.
54
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