Attachment 2 - Economic Needs Assessment

    +    Average monthly housing loan repayments in the PTA and STA were lower than regional
         and State averages. Overall, average monthly housing repayments were lower in Noosa
         LGA compared to Queensland in 2021;

Table 3-3 details the demographic and socio-economic profile of the PTA and STA benchmarked
to Noosa LGA and Queensland as of the 2021 Census.
Table 3-3           Demographic & Socio-Economic Profile – PTA, STA, Noosa LGA and Queensland, 2021
                                                      PTA            STA            Noosa LGA     Queensland
 Age Distribution
 0-14 years                                                 15.6%          16.5%         14.8%         18.7%
 15-24 years                                                 8.9%          10.0%          8.9%         12.4%
 25-34 years                                                 6.6%           6.4%          7.3%         13.6%
 35-44 years                                                10.6%          10.5%         10.6%         13.3%
 45-54 years                                                14.0%          15.5%         14.5%         13.1%
 55-64 years                                                15.3%          18.8%         16.1%         11.9%
 65+ years                                                  28.9%          22.2%         27.8%         17.0%
 Average age (years)                                          46.7           44.5          46.8          39.3


 Household Type (% of families)
 Couple families with children                              34.4%          37.1%         34.2%         41.2%
 Couple families without children                           52.3%          47.4%         51.4%         40.3%
 Single parent family                                       12.8%          14.5%         13.6%         16.8%
 Other                                                       0.5%           1.1%          0.7%          1.6%


 Average household size                                        2.7            2.7           2.6           2.8
 Average vehicle ownership                                     2.0            2.1           1.9           1.8


 Household Finances
 % of households fully owning home                          47.0%          44.5%         43.7%         29.1%
 % of households purchasing home                            33.8%          41.9%         31.1%         34.4%
 % of households renting                                    15.6%          11.9%         20.9%         33.1%
 Average weekly household income                            $1,743         $1,690        $1,826        $1,952
 Average monthly housing loan repayment                     $1,848         $1,714        $1,997        $1,911
 Average weekly rent repayment                               $419           $436          $488          $379
 Average housing costs (as a % of income)                   12.0%          12.9%         13.4%         14.2%
Source: ABS Census of Population and Housing (2021)

At the time this report is being prepared the employment and workforce Census data for 2021 has
not yet been released. As such the following data is sourced from the 2016 Census information:
    +    The unemployment rate was lowest within the STA at 6.1% and highest in Queensland at
         7.6%. The PTA and Noosa LGA recorded similar unemployment rates at 6.9% and 6.7%,
         respectively. Nonetheless, the labour force participation rate in the PTA was lower than
         regional and State averages, whilst the labour force participation rate in the STA was higher
         than the regional average but lower than the State average;
    +    In 2016, the incidence of persons aged 15 years and over with a post school qualification
         was higher in the STA relative to all other areas analysed, driven by a higher incidence of
         persons with a Certificate level qualification;



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