Attachment 2 - Economic Needs Assessment

Table 3-2        Population & Dwelling Estimates – PTA and STA, 2021 to 2031
                                                                                                                  AAGR,
                                           2021       2023        2025        2027        2029       2031        2020-31
                                                                                                                     (%)

 Population

 PTA                                      7,789       7,961       8,137      8,317       8,501       8,689          1.1%

 STA                                      2,905       2,969       3,035      3,102       3,171       3,241          1.1%

 Total                                   10,694      10,931      11,172     11,420      11,672      11,930          1.1%



 Dwellings

 PTA                                      2,892       2,978       3,067      3,159       3,254       3,351          1.5%

 STA                                      1,089       1,121       1,155      1,189       1,225       1,262          1.5%

 Total                                    3,981       4,100       4,222      4,348       4,479       4,613          1.5%



 Average Household Size

 PTA                                       2.69        2.67        2.65        2.63       2.61        2.59         -0.4%

 STA                                       2.67        2.65        2.63        2.61       2.59        2.57         -0.4%
Source: ABS Census of Population and Housing (2021), ABS Estimated Resident Population (2021), QGSO Population
Projections (2021)


3.3 Demographic & Socio-Economic Profile
The demographic and socio-economic characteristics of trade areas underpin demand estimates
for dedicated car wash facilities. Thus, focus must be given to the unique characteristics of the
defined trade areas as these indicators ultimately inform whether or not there is economic need for
a car wash facility of the size and scale proposed for the Subject Site.
The demographic and socio-economic characteristics of the trade area populations as of the 2021
Census, benchmarked to Noosa LGA and Queensland are summarised below:
    +    As of the 2021 Census, the largest age cohorts in the PTA, STA and Noosa LGA were persons
         aged 0-14 years (28.9%, 22.2% and 27.8%, respectively). Meanwhile, the largest age cohorts
         in the Queensland were persons aged 65 years and over (18.7%);
    +    The average age of residents within the trade areas were all above 40 years, which is in line
         with Noosa LGA, however, the average age of residents in Queensland was lower at 39.3
         years;
    +    The most common household type within the PTA, STA and Noosa LGA was couple families
         without children as of 2021. These trends do not align with the State, whereby the most
         common household type was couple families with children;
    +    The PTA, STA and Noosa LGA all had average household sizes slightly lower than the
         Queensland average household size (2.7, 2.7, 2.6 and 2.8, respectively);
    +    As of 2021, motor vehicle ownership was similar across all areas analysed (i.e. approximately
         two vehicles per household) and highest in the STA;
    +    In 2021, the incidence of households with a mortgage within the PTA, Noosa LGA and
         Queensland were similar at 33.8%, 31.1% and 34.4%, respectively. Meanwhile, the STA
         recorded the highest incidence of households with a mortgage at 41.9%. Average housing
         costs as a proportion of income were lowest in the PTA in 2021;
    +    Average weekly household incomes in the PTA and STA were lower than Noosa LGA and
         Queensland in 2021;


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