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REPORT ON THE SUNSHINE COAST REGIONAL ECONOMY
SECOND QUARTER 2004
This is the Second Quarter 2004 edition of the Report on the Sunshine Coast Regional Economy, produced by AECeconomics, a
division of the AEC Group Limited (AECgroup). It covers a geographical area encompassing the Local Government Areas (LGAs)
of Caloundra City, Maroochy Shire and Noosa Shire.
The aim of the Report is to provide timely, accurate and authoritative data and analysis on a regional basis that can assist business,
government and individuals in decision-making. The AECgroup hope that the Report on the Sunshine Coast Regional Economy will
be used by organisations for planning purposes, as well as in the promotion of the Sunshine Coast Region, both domestically and
internationally, as a place to invest and do business.
This issue contains two feature articles; the first investigates the some of the innovative local businesses from the Sunshine Coast
who are currently exporting their products internationally with much success. The second feature article summarises the key
outcomes of the 2004/05 Queensland Budget for the Sunshine Coast region, and the state as a whole.
The Report on the Sunshine Coast Regional Economy is produced by the AECgroup in
collaboration with:
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Full text of sections 2 to 48 (of 53)
Section 2
ISSN 1449-0358
0
Report on the Sunshine Coast Regional Economy
Published in Australia
Printed in Australia for the AEC Group Limited, Level 5, 131 Leichhardt Street, Spring Hill, QLD, 4000.
– “a leading Australian consulting group recognised through the success
of our clients”
The AEC Group Ltd (AECgroup) is one of Australia’s largest economic consulting firms, specialising in
the provision of statistical and business intelligence to both the public and private sector. As the only
company reporting on the performance of regional economies we are able to provide an extensive range
of services that contribute to overall economic development objectives.
Established in regional Queensland in 1990, our culture understands the challenges and issues faced by
regional communities in promoting and developing their unique strengths and attributes. AECgroup is
committed to working in regional Australia and has established an extensive network of offices to support
this commitment.
AECgroup’s expertise extends beyond technical consulting services to Marketing, Advertising and Design,
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If you believe the AECgroup could be of assistance to you, please do not hesitate to contact one of our
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© 2004, AEC Group Limited
This report is copyright. Apart from fair dealing for the purposes of private study, research, criticism, or review, as permitted under
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publisher.
While every effort has been made to ensure accuracy, the AEC Group Limited does not accept any responsibility in relation to
financial and business decisions based on this information.
Acknowledgments
Cover design by AECadvertising, marketing & design
Printed by NJ Printing, Bowen Hills, Brisbane.
© 0, Sunshine Coast Regional Economy, Second Quarter 2004 -i-
Section 3
CONTENTS SECOND QUARTER 2004 FEATURE ARTICLES INNOVATIVE NEW EXPORTERS BOOST REGIONAL ECONOMIES......................................................................................................................................................... 1 2004/05 QUEENSLAND BUDGET ....................................................................................................................................................................................................... 3 QUEENSLAND OVERVIEW .................................................................................................................................................................................................................. 6 REGIONAL OVERVIEW ....................................................................................................................................................................................................................... 8 POPULATION AND EMPLOYMENT POPULATION OVERVIEW ................................................................................................................................................................................................................ 13 POPULATION TRENDS ..................................................................................................................................................................................................................... 14 REGIONAL POPULATION DISTRIBUTION ......................................................................................................................................................................................... 18 EMPLOYMENT OVERVIEW .............................................................................................................................................................................................................. 19 SMALL AREA LABOUR MARKET ANALYSIS .................................................................................................................................................................................. 20 BUSINESS CONFIDENCE .................................................................................................................................................................................................................. 21 PRIVATE CONSUMPTION – RETAIL SALES ....................................................................................................................................................................................... 22 DWELLING INVESTMENT OVERVIEW ..................................................................................................................................................................................................................................... 23 BUILDING APPROVALS (SUNSHINE COAST REGION) ...................................................................................................................................................................... 24 BUILDING APPROVALS (CALOUNDRA CITY) .................................................................................................................................................................................. 25 BUILDING APPROVALS (MAROOCHY SHIRE).................................................................................................................................................................................. 26 BUILDING APPROVALS (NOOSA SHIRE).......................................................................................................................................................................................... 27 MEDIAN WEEKLY RENTS ............................................................................................................................................................................................................... 28 COMMERCIAL BUILDING INVESTMENT BUILDING INVESTMENT ................................................................................................................................................................................................................. 29 MAJOR REGIONAL DEVELOPMENT MAJOR REGIONAL DEVELOPMENTS ............................................................................................................................................................................................... 30 PROPERTY MARKET PROPERTY MARKET (CALOUNDRA CITY)....................................................................................................................................................................................... 31 PROPERTY MARKET (MAROOCHY SHIRE) ...................................................................................................................................................................................... 32 PROPERTY MARKET (NOOSA SHIRE).............................................................................................................................................................................................. 33 TOURISM TOURISM OVERVIEW ...................................................................................................................................................................................................................... 34 TOURISM DEMAND (CALOUNDRA CITY) ........................................................................................................................................................................................ 35 TOURISM DEMAND (MAROOCHY SHIRE)........................................................................................................................................................................................ 36 TOURISM DEMAND (NOOSA SHIRE) ............................................................................................................................................................................................... 37 TOURISM – AIR TRAVEL ................................................................................................................................................................................................................ 39 TOURISM – WEATHER ................................................................................................................................................................................................................... 40 TRADE – ONE FEATURE INDUSTRY BEEF .............................................................................................................................................................................................................................................. 41 EDUCATIONAL SCHOOLS ........................................................................................................................................................................................................................................ 42 HIGHER EDUCATION ...................................................................................................................................................................................................................... 43 PRICES, INFLATION AND FINANCIAL MARKETS OVERVIEW ..................................................................................................................................................................................................................................... 44 WAGES & INFLATION ..................................................................................................................................................................................................................... 45 PETROL & BUILDING MATERIAL PRICES ........................................................................................................................................................................................ 46 FINANCIAL MARKETS..................................................................................................................................................................................................................... 47 MONETARY POLICY ....................................................................................................................................................................................................................... 48 CONTACTS ....................................................................................................................................................................................................................................... 49 SUBSCRIPTION FORM. ..................................................................................................................................................................................................................... 50 ©0, Sunshine Coast Regional Economy, Second Quarter 2004 - ii -
Section 4
FEATURE ARTICLE INNOVATIVE NEW EXPORTERS BOOST REGIONAL ECONOMIES Introduction Companies that continually look for ways in which to expand their businesses beyond regional borders, are successful companies. Companies that export tend to be smarter than their competitors and exemplify best practice in Queensland business. With the committed support of the Noosa, Maroochy and Caloundra Shire Councils, the Queensland Government and the Australian Trade Commission, through the New Exporters Development Program, is working closely, and successfully, with local companies, to assist them in identifying and pursuing global export opportunities. Over the past twelve months, a range of innovative local companies have been extending their horizons to markets including the United States, Canada, Mexico, South Africa, Hong Kong, Korea, Malaysia and the Maldives. Some of the successes being achieved include: Promotions in Motion With a manufacturing headquarters in Noosaville, Promotions in Motion is literally, hitting the world stage. The firm was created by internationally renowned puppeteer, David Poulton and mime artist, Mark Tietjens. Out of their backgrounds in theatrical production and puppetry, the dynamic duo have created an export product line that brings a little of the stage to the retailer. David and Mark design and hand make animated themed modular window and in-store displays, which have featured in corporate and shopping centre Christmas displays throughout Australia. Having had such success with retailers in Australia, Promotions in Motion undertook a preliminary market research visit to the United States in late 2002, and several follow up visits to conclude commercial negotiations. Less than 2 years later, they are on the verge of securing a lucrative deal for the supply of animated modular displays to one of the United State’s major retailers. AeroJump As a sporting nation, Mooloolaba company AeroJump, seized upon export opportunities to introduce their bungy trampoline to Mexico and South Africa in 2004. Based on a concept first seen at the Barcelona Olympics, AeroJump manufacture and operate a bungy trampoline amusement experience’. Currently, the company has contracts to operate the AeroJump bungy trampoline at all major shows in Australia, including the Royal Melbourne Show and the Sydney Easter Show. The amusement ride is also located during peak vacation times at the Mooloolaba Beach, Brisbane’s Southbank Parklands, Lorne and a number of other venues throughout Australia. Having sold bungy trampolines to Mexico and South Africa in 2004, the company is currently in negotiations for the sale of trampolines to Turkey, the Philippines and Japan. Mukti Botanicals What commenced as a small home based business in Caloundra Shire in 1999, is now expanding to become an innovative Australian leader in the export of unique eco-cosmetics. Ms. Mukti Lloyd, Managing Director and Founder of Mukti Botanicals established her business in 1999, having become increasingly frustrated with being unable to decipher exactly what chemicals skin, body and hair care products contained. Supported by several tertiary qualifications, Mukti has created an extensive range of beauty products, using exclusively certified organic, botanical ingredients, natural vitamins and minerals. Mukti Botanicals commenced exporting to Hong Kong in June 2004, and is currently in discussion with importers of eco-cosmetics in Korea, Malaysia and the Maldives. ©0, Sunshine Coast Regional Economy, Second Quarter 2004 -1-
Section 5
FEATURE ARTICLE INNOVATIVE NEW EXPORTERS BOOST REGIONAL ECONOMIES Partnerships in Export Promotion The Australian Trade Commission, in conjunction with regional Councils and the Department of State Development and Innovation, is committed to supporting and enhancing exports from the Sunshine Coast. A full-time TradeStart Manager, Jodie Brezzi, is located at Mooloolaba, and claims that she has ‘the best job in the world’ in working with companies seeking to access export opportunities. She can be contacted on (07) 5470 9430 or via email ([email protected]). Participation in the TradeStart / New Exporters program is free of charge to companies who have yet to export, and is designed to assist companies in providing a part-time export manager / mentor to move their business to new horizons. The range of services provided include initial market research, export mentoring and coaching in all aspects of export development, identification of global opportunities and hands-on assistance and advice with identifying international distributors, importers and customers. ©0, Sunshine Coast Regional Economy, Second Quarter 2004 -2-
Section 6
Author
FEATURE ARTICLE Luke Spear
Research Economist
KEY OUTCOMES OF THE 2004/2005 AECeconomics
QUEENSLAND BUDGET
The Beattie Government has recently published its 2004/05 State budget, the first budget of the Labour Party’s current term in office.
This feature article will provide a summary of some of the key budget outcomes for the State, with a particular emphasis on regional
Queensland.
In terms of encouraging Queensland’s small business sectors, funding of $3.2 million over four years has been provided for a range
of programs including the establishment of a technology incubator in Cairns. The State Government’s Manufacturing Strategy will
also be expanded with an additional $11 million over four years to develop manufacturing excellence, improve manufacturing
training and education programs and to provide a more highly skilled workforce for the manufacturing sector.
Through the continuation of the “Smart State’ strategy, the budget outlines plans to invest $9.8 million over four years to support the
Queensland Biotechnology Strategy, which will include measures to promote the Clinical Trials Network to assess new drugs,
vaccines and therapies as well as a $20 million Brain Institute to be built at the University of Queensland to research diseases such as
Alzheimer’s, stroke and mental illness. In addition, other facilities expected to benefit under the smart state program include:
• $9.5 million for a Centre for Advanced Animal Science;
• $8.1 million for a Queensland Pre-clinical Drug Development Facility; and
• $5 million for a Medical Engineering Research Facility.
In the education sector, the State Government announced the introduction of a universally available Prep Year in 2007. The Prep
Year will be phased-in at a further 40 State schools and 10 non-state schools over the next two years. This strategy will mean a total
of $329 million invested in additional education capital including upgrades of classrooms, libraries and administration blocks, Prep
Year requirements and to complete the air conditioning of up to 560 classrooms. In terms of vocational training, the Budget
announced funding of $118 million over three years for the SmartVET strategy, which is an approach to vocational education and
training targeting skill shortages and the skilling and workforce to the needs of industry.
An Office of Urban Management has been established with funding of $6.7 million in 2004-05. The Office will coordinate regional
planning in southeast Queensland and work with councils and the community to expedite the review of the existing framework for
growth management and implement a South East Queensland 2021 Regional Plan.
Regional planning outside south east Queensland will be maintained and further enhanced with additional funding of $3.6 million
over four years. The capital program for Queensland is $6 billion, with around 60% of this investment outside the Greater Brisbane
region.
The State’s roads program has been expanded through an extra $186 million for road projects over three years from 2004-05. The
Budget provided a new four-year $571 million Arterial Roads Infrastructure Package, including $19.8 million in 2004-05. The
Beattie Government has also committed an extra $1.9 billion on road and rail infrastructure over the next four years. Queensland Rail
is expected to spend over $300 million on track infrastructure and rolling stock, largely to support the State’s coal industry. The RG
Tanna Coal Terminal at Gladstone will be expanded at a cost of $167 million over three years, and a further $34 million will be spent
in 2004-05 on the Port of Brisbane expansion.
In terms of public transport in the Brisbane Region, by 2007-08 over $900 million will be spent on increasing the capacity of
Citytrain to deal with the forecast strong increase in passenger numbers. The Government will also continue its investment in the
Busway network, with $27 million allocated as part of a $200 million, four-year program of bus infrastructure initiatives.
It is interesting to note that in light of the recent problems in electricity generation in South East Queensland, it was announced in the
budget that Government owned corporations will spend approximately $1.7 billion on energy infrastructure throughout Queensland,
including $1.2 billion on expanding and upgrading Queensland’s transmission and distribution network. Another major energy
highlight of the budget is the commencement of the $1.1 billion Kogan Creek power project near Chinchilla.
In terms of health expenditure, over the next four years the Budget provides for the additional funding of:
• $20 million for cardiac services;
• $44 million for cancer care;
• $13.2 million for oral health care;
©0, Sunshine Coast Regional Economy, Second Quarter 2004 -3-
Section 7
FEATURE ARTICLE
KEY OUTCOMES OF THE 2004/2005
QUEENSLAND BUDGET
• $37.8 million to relieve pressure on public hospital emergency departments; and
• An additional $24.2 million over two years for the replacement of three Royal Flying Doctor Service aircraft operating from
bases in Brisbane, Rockhampton and Townsville.
With the phasing out of broadscale land clearing in Queensland by December 2006, the budget announced a doubling of the
Government’s funding commitment to provide a $150 million adjustment assistance package. This package will include funding to
help landholders build up existing enterprises or establish new enterprises on their land, to support rural industry groups in promoting
best practice sustainable agriculture and for incentives to support landholders willing to manage and maintain native vegetation as
part of their operation.
In other environmental protection announcements, $12.5 million was pledged for land acquisition in Cape York and the Daintree, $5
million for the Queensland Trust for Nature for public purchases of land and an additional $6 million over three years for upgrading
visitor facilities in Queensland’s National Parks.
In terms of revenue generation, the Beattie Government emphasized that Queenslanders will pay $1,614 per capita in State taxes,
compared with $2,056 per capita for the average of the other States, while the Queensland payroll tax rate is the lowest in Australia at
4.75%.
Several tax breaks were also announced, with government committing to abolishing the Bank Account Debits Tax from 1 July 2005
at a cost to revenue of around $190 million, In addition, from the 1st of May 2004 first home buyers buying a house up to $250,000
will pay no transfer duty and no mortgage duty, while those purchasing between $250,000 and $500,000 receive a transfer duty
rebate on a sliding scale.
The remainder of this feature article will summarize the key outcomes for the Sunshine Coast region.
• $4.5 million to increase surgery services in the region’s hospitals, including a second operating theatre for Caloundra, increased
orthopaedic surgery services in Noosa and a specialist vascular surgery service for Nambour;
• $3 million as part of the $9 million project to establish five community-based stroke rehabilitation teams in Queensland, with
one based in the North Coast region;
• $3 million to increase medical inpatient services to relieve pressure on the emergency department at Caboolture Hospital;
• $1.9 million for breast screening facilities at Nambour and $1 million for a community health centre at Kawana/ Caloundra;
• $1 million for extra radiation oncology services for public patients at Nambour;
• Approximately $3.57 million for emergency services on the North Coast, including funding for a replacement ambulance
station at Narangba and 10 new fire fighters;
• $246,000 will provide six new ambulance paramedics in the North Coast region;
• $14.88 million will be provided for support and services to people with disabilities and their carers in the North Coast region.
This includes approximately $2.44 million for respite care, including $1.38 million for the respite facilities at Yandina. Funding
of $4.04 million is provided to assist adults living with disability;
• $13.6 million for new construction, upgrades and maintenance of public housing including the renewal of 75 existing houses in
Deception Bay;
• Funding of $5.7 million for community housing projects and services including $2.2 million for crisis accommodation and $1.2
million for Home Assist Secure services;
• $23.3 million for a new school at Narangba and the purchase of land to commence planning for two new schools in the North
Coast region under the Smart State Building Fund;
• $2 million, including $200,000 for fit out, for the industrial arts and technology building at Maroochydore State High School;
©0, Sunshine Coast Regional Economy, Second Quarter 2004 -4-
Section 8
FEATURE ARTICLE
KEY OUTCOMES OF THE 2004/2005
QUEENSLAND BUDGET
• $1.4 million is provided for the Triple R program, which will provide repainting, reticulation and re-roofing for 27 local
schools, including reticulation works for Bli Bli and Coolum and repainting at Caboolture and Eumundi State Schools;
• $74 million will be invested in 29,000 training places in the region. Of this, $5.56 million will be for manufacturing industry
related training as part of the Making Queensland’s Future – A Manufacturing Development Plan initiative;
• $2.81 million (including an Australian Government contribution of $703,000) is provided for the development of a new TAFE
campus at Tewantin to deliver training in arts and environmental studies, interior design, language, retail, travel, interpretive
tourism and business administration;
• $172,000 for Police Beat Shopfronts at Kawana and Buderim, an estimated $317,000 for a new Neighbourhood Police Beat at
Burpengary and $1.14 million for police facilities, including a new station at Pomona and land for facilities at Sippy Downs;
• $7.84 million will be used to purchase land and begin construction of a new courthouse adjacent to the police station and
hospital in Caloundra;
• $6.5 million for improvements to the Landsborough to Maleny Road;
• $5.16 million as part of total funding of $37 million to improve the D’Aguilar Highway between Caboolture and Kilcoy to
reconfigure the Highway as a two lane bypass of Caboolture between the Bruce Highway and Old Gympie Road;
• $1 million as part of total Government funding of $80 million to widen Caloundra Road to four lanes between Bruce Highway
and Pierce Avenue;
• $500,000 as part of total Government funding of $77 million to widen Maroochydore Road to four lanes between the Bruce
Highway and Kunda Park, and $500,000 as part of total Government funding of $56 million to build a two lane link between
Caloundra Road and Creekside Boulevard at Mooloolaba;
• $500,000 for the Mooloolaba Boat Harbour Dredging Strategy;
• ENERGEX will spend $8.3 million for a modular substation and feeders in the Tewantin area to commence a broader
reinforcement project in the Tewantin/North Coast area;
• The Queensland Events Regional Events Program will be bolstered with an extra $1.4 million a year expanding the program to
$2.4 million a year for the next two years and including two new innovative schemes;
• $2.7 million for the Fire Ant Eradication Campaign across South East Queensland;
• $937,000 for fisheries research, including improving our understanding of factors affecting fish stocks and the survival of
released fish;
• $41,000 for improved fire management and pest and weed management;
• $1.3 million to improve visitor amenities and facilities in parks and natural areas throughout the region. This includes
approximately $477,000 for the Sunshine Coast Hinterland Great Walk in the Blackall Range;
• North Coast region will receive around $7.37 million to create an estimated 1,131 jobs in 2004-05 through the Government’s
Breaking the Unemployment Cycle initiative. This includes $3.39 million allocated to community employment programs and
$3.98 million for apprenticeship and traineeship incentives to provide jobs in crucial, skills-shortage industries and the public
sector;
• The potential of the region to take advantage of industrial growth opportunities will be enhanced by the Government’s $21.6
million investment in industrial estate development in Caloundra, Yandina, Narangba and Coolum;
©0, Sunshine Coast Regional Economy, Second Quarter 2004 -5-
Section 9
QUEENSLAND OVERVIEW
SUMMARY OF STATISTICAL INDICATORS
OVERVIEW
Queensland’s strong economic growth continued into the March Quarter 2004 and final demand expanded
by 10.0% in annual terms, outpacing Australian final demand growth of 5.6%. Private consumption was the
major contributor to growth over the quarter, with strong growth recorded in both new motor vehicle sales
and retail trade. Business investment also contributed strongly to GSP growth in Queensland, as evidenced
by the expansion in the number of non-residential building approvals. Net exports had a significant
negative impact on GSP growth, with a decline in export levels and strong growth in imports over the year.
SUMMARY OF STATISTICAL INDICATORS
Summary of Statistical Indicators
Indicator Reference Period Queensland Australia
% chg from a year earlier % chg from a year earlier
Gross State/Domestic Product(b)
Household Final Consumption Expenditure Mar Q 04 12.1 6.2
Private Gross Fixed Capital Formation Mar Q 04 12.4 7.8
Public Final Demand Mar Q 04 1.6 2.0
Exports Mar Q 04 -1.6 2.4
Imports Mar Q 04 17.4 15.2
State / National Final Demand Mar Q 04 10.0 5.6
Gross State (Domestic) Product Mar Q 04 3.7 3.7
Consumption
Retail Trade (c) Jun 04 11.2 7.9
New Motor Vehicle Sales Jun 04 13.2 2.5
Housing
Dwelling Approvals (No.) Jun 04 -5.5 -0.4
Dwelling Commence (No.) Mar Q 04 23.9 8.3
Business
Non-residential Building Approvals Mar Q 04 13.5 -12.8
Eng. Const. Commence Mar Q 04 17.0 39.1
New Equipment Mar Q 04 -6.0 -6.0
Demography
Population Dec Q 03 2.3 1.3
Labour Market
Employment Jun 04 4.1 2.4
Unemployment Rate(d) Jun 04 5.9 5.5
Labour Force Jun 04 2.9 1.8
DEWRSB Skilled Job Vacs Jun 04 22.1 11.8
ANZ Bank Job Vacancies Jun 04 20.7 6.9
Wages and Prices
Average Weekly Ordinary Time Earnings Mar Q 04 7.2 4.9
CPI Jun Q 04 3.2 2.5
Notes: (a) All data is in trend terms unless otherwise indicated (b) Trend chain volume measures (c) Seasonally adjusted terms (d) Point change.
Source: Various, QSA, ABS, DEWSRB, ANZ, ABS 5206.0.
©0, Sunshine Coast Regional Economy, Second Quarter 2004 -6-
Section 10
TREND STATE FINAL DEMAND
QUEENSLAND OVERVIEW 10.0% from Mar-03
QUEENSLAND TREND EMPLOYMENT
SUMMARY OF STATISTICAL INDICATORS 4.1% from Jun-03
ECONOMIC GROWTH
Growth in GSP and GDP
Trend Chain Volume Measures
10.0
Queensland Australia
In the March Quarter 2004, Queensland GSP expanded by 0.5% to be 3.7%
9.0
higher than a year earlier. Private consumption continued to be the major
8.0
contributor to growth in GSP, followed by business investment.
annual % change, quarterly
7.0
6.0
Meanwhile, Australian GDP expanded by 0.8% in the March Quarter 2004,
5.0
4.0
to be 3.7% higher than the value recorded in the March Quarter 2003.
3.0
Private consumption was also the major contributor to growth in Australia,
2.0
followed by business investment.
1.0
0.0
Mar-99 Mar-00 Mar-01 Mar-02 Mar-03 Mar-04
Components of Trend Quarterly Growth
Chain Volume Measures - Mar Qtr 2004
Queensland’s final demand, which is the sum of private and government
Private Consumption final consumption expenditure and gross fixed capital expenditure, increased
by 10.0% in the year to the March Quarter 2004, outpacing Australian final
Public Consumption
demand growth of 5.6%.
Dwelling Investment
Business Investment
Australia
Public Investment
Queensland
Net Exports
-2.5 -2.0 -1.5 -1.0 -0.5 0.0 0.5 1.0 1.5 2.0
% point contribution to growth
Source: Queensland State Accounts, ABS 5206.0
EMPLOYMENT
Trend Employment Growth
5.0
Queensland and Australia
4.5
Queensland Australia Trend employment in Queensland grew by 4.1% in the year to June 2004,
4.0 which was almost twice the national growth rate of 2.4%. Queensland
continues to boast one of the strongest labour markets across Australia and
annual % change, monthly
3.5
3.0 employment growth has exceeded the national average since August 2001.
2.5
2.0
1.5
1.0
0.5
0.0
Jun-01 Dec-01 Jun-02 Dec-02 Jun-03 Dec-03 Jun-04
%
Trend Unemployment Rate
10.0
Queensland The strong growth in Queensland’s employment outweighed a 2.9% rise in
Queensland Australia
9.5 the trend labour force, pushing the trend unemployment rate down by 1.1%
9.0 points to 5.9% over the year. Meanwhile, the Australian trend
8.5 unemployment rate decreased 0.6% points to 5.5%.
8.0
7.5
7.0
6.5
6.0
5.5
5.0
Jun-01 Dec-01 Jun-02 Dec-02 Jun-03 Dec-03 Jun-04
Source: ABS Labour Force Survey
©0, Sunshine Coast Regional Economy, Second Quarter 2004 -7-
Section 11
REGIONAL OVERVIEW
SUNSHINE COAST REGION
POPULATION
No. Estimated Resident Population
500,000
Sunshine Coast Average annual population growth in the Sunshine Coast Region averaged
450,000
3.3% between 1998 and 2003, above that recorded by the State (1.9%).
400,000
Compared to State averages, the region’s population is generally older
350,000 (average age of 39.5 years) with a lower average household weekly income
300,000 ($755.70). Over the period to 2026, the Sunshine Coast’s average annual
250,000 population growth is forecast to be 2.7%, with the strongest population
200,000 growth rates forecast for Maroochy Shire (3.0%) and Caloundra City (2.8%).
150,000
100,000
50,000
0
1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2006 2011 2016 2021 2026
EMPLOYMENT
Growth in Trend Labour Force
15
Caloundra City Maroochy Shire Noosa Shire
Trend unemployment in the Sunshine Coast Region has hovered between 8
13
11
and 10% over the last year, although with the trend labour force expected to
9 increase in the medium term, this may provide some upward pressure on the
annual % change, quarterly
7
5 Sunshine Coast trend unemployment rate. The AECgroup job ad count for
3 the Sunshine Coast recorded a 15.1% reduction in job ad numbers since
1
-1 March 2004, but a 4.2% increase compared to June 2003.
-3
-5
-7
-9
-11
-13
-15
Mar-02 Sep-02 Mar-03 Sep-03 Mar-04
DWELLING INVESTMENT
Annual Growth in Dwelling Approvals
Sunshine Coast Region
300 600 Residential building activity in the Sunshine Coast Region weakened in the
New Houses (LHS) Total Dw ellings (LHS) Other Dw elling Units (RHS)
250 500
June Quarter 2004, with both the number and value of dwelling approvals
recording negative growth. The reduction was fuelled by a fall in the number
annual % change, quarterly
200 400
of new houses approved (down 23.0% to 648 approvals) and other dwelling
150 300 approvals (such as flats, units and apartments, down 15.8% to 401
100 200
approvals). Overall, 1,049 residential new residential buildings were
approved in the June Quarter 2004 on the Sunshine Coast.
50 100
0 0
-50 -100
Jun-01 Dec-01 Jun-02 Dec-02 Jun-03 Dec-03 Jun-04
VISITOR NUMBERS
Total Visitors
Visitors
Sunshine Coast Tourism Region The total number of visitors to the Sunshine Coast Tourism Region (which
8,000,000
Domestic Overnight Domestic Day trip International includes Caloundra City, Maroochy Shire, Noosa Shire and Cooloola Shire)
7,000,000
was higher across each visitor market the year ending March 2004 when
6,000,000 compared to the year ending March 2003, with the exception of domestic
5,000,000 overnight visitors, which recorded a reduction of 4.4%.
4,000,000
3,000,000
There were 103,571 domestic passengers recorded passing through the
Sunshine Coast Airport in the June Quarter 2004, a drop of 3.5% from the
2,000,000
March Quarter 2004. In annual terms, passenger activity through the
1,000,000
Sunshine Coast Airport was 20.5% higher.
0
Mar-03 Jun-03 Sept-03 Dec-03 Mar-04
©0, Sunshine Coast Regional Economy, Second Quarter 2004 -8-
Section 12
REGIONAL OVERVIEW
CALOUNDRA CITY
POPULATION
No.
Estimated Resident Population
175,000
Caloundra City The population of Caloundra City Local Government Area (LGA) expanded,
on average, by 3.5% per annum between 1998 and 2003 to an estimated
150,000
82,905 persons. This growth rate was the highest of any LGA in the
125,000 Sunshine Coast Region. The highest population growth over the past five
years was recorded in Caloundra South (6.6%) and Caloundra North (3.7%)
100,000
SLAs. By comparison, the Rail Corridor (2.1%) and Kawana (2.2%)
75,000 recorded slower population growth over the same period, though this growth
50,000
was still comparable to that in Queensland (1.9%).
25,000
Caloundra City’s trend unemployment rate stood at 8.4% in the March
0 Quarter 2004, a slight drop from the 8.5% recorded in the March Quarter
1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2006 2011 2016 2021 2026
2003.
DWELLING INVESTMENT
Annual Growth in Dwelling Approvals
600
Caloundra City LGA 3,000
Residential building activity in Caloundra City fell significantly (down
New Houses (LHS) Total Dw ellings (LHS) Other Dw elling Units (RHS) 41.6%) in the June Quarter 2004 compared to the March Quarter 2004 result.
500 2,500
This was driven by a 50.8% fall in new house approvals, and a 21.7%
annual % change, quarterly
400 2,000 reduction in other dwellings. Overall, there were 339 new residential
300 1,500
buildings approved in the June Quarter 2004.
200 1,000
100 500
0 0
-100 -500
Jun-01 Dec-01 Jun-02 Dec-02 Jun-03 Dec-03 Jun-04
PROPERTY MARKET
Median House Prices - Caloundra
% Growth 1998/99 - 2003/04
The value of house prices in Caloundra City LGA was 1.3% higher in the
Aroona
Pelican Waters
March Quarter 2004 at $364,500 when compared with the median of the
Glass House Mountains ^
Mooloolah Valley
December Quarter 2003. There were a total of 326 house sales in Caloundra
Little Mountain
Glass House Mountains City in the March Quarter 2004, significantly more than the 238 recorded in
Caloundra West
Beerwah the December Quarter 2003. The most significant growth in a single suburb
Currimundi
Landsborough
Wurtulla
in Caloundra City over the period was recorded in Beerwah, which
Battery Hill
Golden Beach
experienced an 8.9% increase the median sale price.
Caloundra
Buddina
Warana
Bokarina
Minyama
Moffat Beach
Dicky Beach
Parrearra
0% 50% 100% 150% 200% 250%
TOURISM
Serviced Apartments/Flats & Holiday Units The average room occupancy rate for serviced apartments / flats and holiday
% Caloundra Tourism Region $
100
Room Occupancy Rate (RHS) Average Room Rate (LHS)
140units in the Caloundra Tourism Region was 4.9 percentage points higher in
120June 2004 at 57.7% when compared with June 2003. At the same time, the
90
80
average room rate was 21.8% higher at $104.11. However, the average
70 100
length of stay also strengthened over the year by 0.8 nights to 3.3 nights in
60
80 June 2004.
50
60
40
30 40
According to the ABS Survey of Tourist Accommodation, there was an
20
overall increase in guest nights (up 20.8% in annual terms) spent at hotels
10
20
and motels (with greater than 15 rooms). Average room occupancy at hotels
0 0 and motels in Caloundra City in the March Quarter 2004 was 12.8% points
Jun-02 Sep-02 Dec-02 Mar-03 Jun-03 Sep-03 Dec-03 Mar-04 Jun-04
higher than the March Quarter 2003 at 63.9%.
©0, Sunshine Coast Regional Economy, Second Quarter 2004 -9-
Section 13
REGIONAL OVERVIEW
MAROOCHY SHIRE
POPULATION
No. Estimated Resident Population
Maroochy Shire
275,000
250,000 Maroochy Shire boasts the largest resident population of any of the three
225,000 LGAs in the Sunshine Coast Region with an estimated 136,461 persons in
200,000 2003. Maroochy Shire’s population has grown, on average, by 3.3% per
175,000 annum between 1998 and 2003, which is well above the State average. The
150,000
highest population growth over the past five years was recorded in Coastal
125,000
North (5.6%) and Buderim (5.2%), while Nambour (0.6%), Maroochydore
100,000
75,000
(1.2%) and Mooloolaba (1.2%) recorded the lowest population growth over
50,000
the same period. Over the period through to 2026, Maroochy Shire is
25,000
expected to experience high average annual population growth of 3.0% and
0 expand to 268,193 persons. This growth rate is double that forecast for the
1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2006 2011 2016 2021 2026
State (1.5%).
DWELLING INVESTMENT
Annual Growth in Dwelling Approvals
300
Maroochy Shire LGA
1,400
Residential building activity in Maroochy Shire fell in the June Quarter
New Houses (LHS) Total Dw ellings (LHS) Other Dw elling Units (RHS) 2004, recording a 3.7% decrease in the total number of residential building
1,200
approvals when compared to the March Quarter 2004. This result was driven
200 1,000
annual % change, quarterly
by the reduction in new house approvals (down 6.5%). Overall, there were
800 575 new residential building approvals in the June Quarter 2004 in the
100 600 Maroochy Shire.
400
0 200
0
-100 -200
Jun-01 Dec-01 Jun-02 Dec-02 Jun-03 Dec-03 Jun-04
PROPERTY MARKET
Median House Prices - Maroochy Maroochy Shire recorded a 1.4% reduction in the median house price in the
% Growth 1997/98 - 2002/03
Eumundi March Quarter 2004 to $360,000. The highest median house price was
Sippy Downs
Yandina
Mountain Creek
recorded in Twin Waters ($530,000), while the suburbs of Peregian Beach
Bli Bli
Buderim and Doonan also recorded median sale prices above $500,000. Overall, the
Palmwoods
Burnside
Doonan^
number of house sales across the Shire in the March Quarter 2004 was
Mapleton
Yaroomba higher at 495 sales, compared to the 437 sales recorded in the December
Kuluin
Coes Creek
Nambour
Quarter 2003. The suburb of Buderim remains a hot spot in terms of sales
Maroochydore
Mooloolaba activity in the Shire.
Mount Coolum
Pacific Paradise
Woombye
Mudjimba
Coolum Beach
Marcoola
Alexandra Headland
0% 50% 100% 150% 200% 250%
TOURISM
Hotel/Motel Occupancy Rate Room occupancy for hotel and motel accommodation (with 15 or more
% Maroochy Tourism Region
80 rooms) in the Maroochy Shire during the March Quarter 2004 was 66.9%.
75 2001/02 2002/03 2003/04
70
Compared to the corresponding quarter a year previous the result was a 1.5
65
percentage point improvement. The occupancy rate in the Maroochy Shire is
60 slightly above the average recorded for the Sunshine Coast Tourism Region,
55
and well above the state average of 61.8%.
50
45
40 With the increase in room occupancy and guest arrivals for hotel and motel
35
accommodation establishments in the Maroochy Shire, the total level of
30
25
takings from accommodation rose by 6.5% to $19.1 million in the March
20 Quarter 2004.
Jun Qtr Sep Qtr Dec Qtr Mar Qtr
©0, Sunshine Coast Regional Economy, Second Quarter 2004 - 10 -
Section 14
REGIONAL OVERVIEW
NOOSA SHIRE
POPULATION
No Estimated Resident Population
70,000
Noosa Shire The population of Noosa Shire expanded, on average, by 3.3% per annum
between 1998 and 2003 to an estimated 46,461 persons. This growth rate
60,000
was well above the Queensland average of 1.9% over the same period. The
50,000 highest population growth over the past five years was recorded in Noosa-
Noosaville (3.9%) and Tewantin (3.9%), while Sunshine Peregian (1.7%)
40,000
recorded the smallest population growth over the same period. Over the
30,000 period through to 2026, Noosa Shire’s population is expected to experience
20,000
average population growth of 1.1% (lower than that forecast for the State of
1.5%), with the population reaching 59,847 persons in 2026.
10,000
0 Trend unemployment continued to be high in the Noosa Shire at 9.5% in the
1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2006 2011 2016 2021 2026
March Quarter 2004, although this rate has decreased over the past year
(down by 0.4 percentage points).
DWELLING INVESTMENT
Annual Growth in Dwelling Approvals
Noosa Shire LGA
150 500
New Houses (LHS) Total Dw ellings (LHS) Other Dw elling Units (RHS) In annual terms, total residential building approvals in Noosa Shire were
100
400 12.3% lower when compared with the June Quarter 2003. Again, the
annual % change, quarterly
reduction in other dwelling approvals drove the fall, offsetting a 32.4%
300
50 increase in new house approvals.
200
0
100
-50
0
-100 -100
Jun-01 Dec-01 Jun-02 Dec-02 Jun-03 Dec-03 Jun-04
PROPERTY MARKET
Median House Prices - Noosa
% Growth 1997/98 - 2002/03
The median value of house prices in Noosa was 3.2% lower in the March
Cooran Quarter 2004 at $418,750 when compared to the December Quarter 2003.
Noosa Heads
Pomona
Sunshine Beach recorded the highest median house sale value at $818,400,
Cooroy^ despite only recording an increase in sales value of 1.3% over the quarter.
Sunshine Beach
Pomona^
Large properties in the Cooroy region recorded strong growth in median
Cooroy sales prices, experiencing growth of 32.5% in the quarter. The number of
Noosa LGA
Marcus Beach
house sales increased from 161 in the December Quarter 2003 to be at 184 in
Noosaville the March Quarter 2004.
Tewantin
Peregian Beach
Sunrise Beach Median house prices in Sunrise Beach and Peregian Beach recorded the
0% 20% 40% 60% 80% 100% 120% 140% 160% 180% 200% most significant growth between the year ended March 1999 and the year
ended March 2004, although all areas recorded growth of over 80%.
TOURISM
Hotel and Motel Occupancy Rates
Annual % Change
Noosa Tourism Region
100
Noosa Hill / Hasting Street
Within the Noosa Shire, the highest occupancy rate for the month of June
90
Noosa Sound / Noosaville
Noosa Southern Beaches 2004 was recorded in Noosa Sound/Noosaville (50.0%), while the Southern
Beaches area recorded an occupancy rate of 46.2% and the Noosa Hill/
80
Hasting Street area recorded an occupancy rate of 44.2%. Compared to June
70 2003, both the Southern Beaches area and the Noosa Hill/ Hasting Street
area experienced an increase in occupancy rates of 6.0 and 6.5 percentage
60
points, respectively.
50
40
30
Jun-02 Oct-02 Feb-03 Jun-03 Oct-03 Feb-04 Jun-04
©0, Sunshine Coast Regional Economy, Second Quarter 2004 - 11 -
Section 15
REGIONAL OVERVIEW
ECONOMIC BASE – SUNSHINE COAST REGION
GROSS REGIONAL PRODUCT
Gross Regional Product (% of total), 1998-99 The Sunshine Coast Gross Regional Product (GRP) at Factor Cost, as
Industry Sunshine QLD estimated by the Office of Economic and Statistical Research (OESR), was
Coast $4.06 billion in 1998-99. This represented 4.6% of the Gross State Product
(GSP) at Factor Cost for Queensland in that year. It must be noted that GRP
Agriculture 3.7% 4.6% at Factor Cost is GRP less indirect taxes. In 1998-99, total Sunshine Coast
Mining 0.1% 5.6% GRP was estimated at $4.59 billion.
Manufacturing 8.8% 11.4%
Electricity, gas & water 1.7% 2.3%
Construction 10.0% 6.8%
Retail & wholesale trade 14.3% 12.9%
Accommodation, cafes & 6.1% 2.9%
restaurants
Transport, storage & 6.7% 10.2%
communication services
Finance, insurance, property & 16.1% 14.0% When compared with Queensland, the Sunshine Coast had a relatively larger
business services concentration of economic activity in the Construction, Retail & Wholesale
Government administration, 15.0% 16.4%
defence, education, health &
Trade, Accommodation, Cafes & Restaurants and Ownership of Dwellings
community services sectors in 1998-99. On the other hand, the region has relatively less activity
Cultural, recreational, personal 4.4% 4.3% in Manufacturing, and Transport, Storage & Communication Services.
& other services
Ownership of dwellings 12.9% 8.7%
Total 100.0% 100.0%
Note: Gross Regional Product is Gross Regional Product at Factor Cost.
Source: OESR
Industry Diversification Indicator (1998-99)
From Largest to Smallest Industries
20%
In terms of industry diversification, studying the relative contribution to total
18%
Sunshine Coast Queensland GRP of the largest to the smallest sector indicates that industry
diversification on the Sunshine Coast was relatively good in 1998-99 when
15%
compared with Queensland. This indicates that the Sunshine Coast regional
13%
economy should be generally capable of weathering economic shocks and
10% capitalising on growth opportunities.
8%
5%
3%
0%
1 2 3 4 5 6 7 8 9 10 11 12
Source: OESR, AECgroup
Gross Regional Product (1998-99)
Brisbane
In 1998-99, the Sunshine Coast Region was the second smallest economy in
Gold Coast
Queensland. With significant population and employment growth since
Fitzroy
Tropical North Qld
1998-99, this positioning was expected to be higher in 2002-03.
Northern
Wide Bay Burnett
Mackay/Whitsundays
Darling Downs
Sunshine Coast
Outback
$- $10,000 $20,000 $30,000 $40,000 $50,000
$m
Source: OESR
©0, Sunshine Coast Regional Economy, Second Quarter 2004 - 12 -
Section 16
POPULATION & EMPLOYMENT
POPULATION OVERVIEW
POPULATION AND DEMOGRAPHIC CHARACTERISTICS OVERVIEW
Average annual population growth in the Sunshine Coast Region averaged 3.3% between 1998 and 2003,
above that recorded by the State (1.9%). Compared to State averages, the region’s population is generally
older (average age of 39.5 years) with a lower average household weekly income ($755.70).
Over the period to 2026, the Sunshine Coast’s average annual population growth is forecast to be 2.7%,
with the strongest growth rates forecast for Maroochy Shire (3.0%) and Caloundra City (2.8%).
Estimated Residential Population
LGA 2003 Annual % 5-yr avg 2003 Projection Projection Projection Projection Projection Avg Annual
(No.) Change % chg % of total 2006 2011 2016 2021 2026 Growth (%)
Caloundra City
Caloundra North 19,657 3.1 3.7 7.4 21,569 23,619 25,856 27,917 n.a. 1.5
Caloundra South 18,332 10.0 6.6 6.9 22,949 26,512 30,767 32,814 n.a. 2.6
Kawana 19,524 5.2 2.2 7.3 21,446 24,762 29,059 35,664 n.a. 2.7
Hinterland 7,951 3.8 2.8 3.0 8,101 8,729 9,478 10,108 n.a. 1.0
Rail Corridor 17,441 3.1 2.1 6.6 19,022 22,806 25,942 28,535 n.a. 2.2
Total(a) 82,905 5.1 3.5 31.2 94,271 107,498 120,500 133,085 157,578 2.8
Maroochy Shire
Buderim 36,803 6.1 5.2 13.8 43,628 50,881 58,591 65,929 n.a. 2.6
Coastal North 20,764 5.9 5.6 7.8 26,606 32,289 36,246 39,750 n.a. 2.9
Maroochydore 16,004 1.2 1.2 6.0 17,457 20,705 23,204 25,052 n.a. 2.0
Mooloolaba 10,652 0.9 1.2 4.0 10,750 10,618 10,582 10,669 n.a. 0.0
Nambour 12,306 1.0 0.6 4.6 12,986 14,512 17,774 22,438 n.a. 2.6
Balance in SC SSD 15,016 3.2 2.8 5.6 16,167 17,777 20,286 23,537 n.a. 2.0
Balance 24,916 3.2 2.9 9.4 27,758 31,037 34,972 38,569 n.a. 1.9
Total(a) 136,461 3.7 3.3 51.3 155,857 178,520 201,374 223,858 268,193 3.0
Noosa Shire
Noosa-Noosaville 9,868 2.7 3.9 3.7 11,673 12,692 13,866 14,922 n.a. 1.8
Sunshine Peregian 9,700 1.2 1.7 3.6 10,449 10,511 10,665 10,617 n.a. 0.4
Tewantin 11,513 2.7 3.9 4.3 12,612 13,731 14,371 14,576 n.a. 1.0
Balance 15,380 3.5 3.4 5.8 17,347 18,223 18,304 18,307 n.a. 0.8
Total(a) 46,461 2.7 3.3 17.5 52,066 55,057 57,285 58,764 59,847 1.1
Sunshine Coast(a) 265,827 4.0 3.3 100.0 302,189 341,073 379,240 415,963 485,418 2.7
Queensland 3,796,775 2.3 1.9 - 4,034,640 4,374,618 4,699,816 5,013,378 5,313,943 1.5
Note: (a): The LGA population projections are revised figures, and, as such, the total population does not represent the sum of the populations of the SLA’s.
Revised population projection figures have not yet been released for Queensland SLA’s.
Source: ABS 3218.0, QDLGP, AECgroup
Key Demographic Characteristics
Average Age (years) AverageWeekly
Household Income ($)
1996 2001 1996 2001
Caloundra City
Caloundra North 37.7 39.2 $619.50 $765.91
Caloundra South 46.5 46.8 $526.96 $638.42
Kawana 38.9 40.3 $624.44 $764.71
Hinterland 37.2 39.6 $581.44 $707.92
Rail Corridor 33.2 35.1 $623.59 $768.09
Total 38.2 40.3 $595.49 $730.36
Maroochy Shire
Buderim 37.3 38.0 $721.29 $875.93
Coastal North 35.4 36.9 $576.21 $740.69
Maroochydore 41.5 43.0 $566.70 $666.55
Mooloolaba 40.7 41.7 $661.73 $754.68
Nambour 38.7 40.0 $573.44 $654.94
Balance in SC SSD 35.2 37.3 $646.62 $767.65
Balance 34.4 36.5 $657.51 $794.85
Total 37.4 38.7 $635.10 $771.47
Noosa Shire
Noosa-Noosaville 44.4 45.8 $762.65 $823.76
Sunshine Peregian 37.0 38.0 $666.06 $812.44
Tewantin 40.3 41.5 $558.00 $675.31
Balance 35.1 37.0 $583.74 $728.96
Total 39.1 40.5 $643.77 $754.04
Sunshine Coast 38.1 39.5 $624.50 $755.70
Queensland 35.0 36.0 $740.16 $885.25
Source: ABS 1996 and 2001 Census, AECgroup
©0, Sunshine Coast Regional Economy, Second Quarter 2004 - 13 -
Section 17
SUNSHINE COAST (2003)
POPULATION & EMPLOYMENT 3.3% per annum since 1998
PROJECTED GROWTH
POPULATION TRENDS – SUNSHINE COAST 2.7% per annum to 2026
POPULATION
No. Estimated Resident Population
Sunshine Coast
500,000
450,000
The resident population of the Sunshine Coast was estimated at 265,827
400,000 persons in 2003. The region’s population expanded at an average annual
350,000 rate of 3.3% between 1998 and 2003, outstripping average Queensland
300,000 growth over the same period (1.9%), making the region one of the fastest
250,000 growing population centres in Queensland.
200,000
150,000 Looking ahead, the Sunshine Coast’s population is forecast to grow at a
100,000 slightly lower average annual rate of 2.7% between 2003 and 2026, with
50,000 the population expanding to 485,418 persons in 2026.
0
1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2006 2011 2016 2021 2026
Source: ABS 3218.0, QDLGP, AECgroup
AGE
Age Distribution
Sunshine Coast
25%
1996 2001
The average age of the Sunshine Coast population in 2001 was 39.5 years,
20%
an average ageing of 1.4 years from 1996. By comparison, the average
age in Queensland in 2001 (36.0 years) was 1.0 year older than that
15%
recorded in 1996.
10%
5%
0%
0-14 yrs 15-19 yrs 20-34 yrs 35-49 yrs 50-64 yrs 65+ yrs
INCOME
Weekly Income Distribution
Sunshine Coast
30% The average household weekly income on the Sunshine Coast was
1996 2001
$755.70 in 2001, below the State average of $885.25. Average income on
25%
the Sunshine Coast grew by 19.6% from 1996, equating to average annual
20% growth of 3.9%.
15%
10%
5%
0%
$0 $1-299 $300-499 $500-699 $700-999 $1,000- $1,500- $2,000+
1,499 1,999
Source: ABS 1996 and 2001 Census
©0, Sunshine Coast Regional Economy, Second Quarter 2004 - 14 -
Section 18
CALOUNDRA CITY (2003)
POPULATION & EMPLOYMENT 3.5% per annum since 1998
PROJECTED GROWTH
POPULATION TRENDS – CALOUNDRA CITY 2.8% per annum to 2026
POPULATION
Estimated Resident Population The population of Caloundra City Local Government Area (LGA)
No.
175,000
Caloundra City expanded, on average, by 3.5% per annum between 1998 and 2003 to an
estimated 82,905 persons. This growth rate was the highest of any LGA in
150,000
the Sunshine Coast Region.
125,000
The highest population growth over the past five years was recorded in
100,000
the Caloundra South (6.6%) and Caloundra North (3.7%) Statistical Local
75,000 Areas (SLAs). By comparison, Rail Corridor (2.1%) and Kawana (2.2%)
50,000
recorded slower population growth over the same period, though this
growth was still comparable to that in Queensland (1.9%).
25,000
0 Looking ahead, the Caloundra City LGA population is expected to
1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2006 2011 2016 2021 2026
experience average annual population growth of 2.8% between 2003 and
Source: ABS 3218.0, QDLGP, AECgroup
2026 and expand to 157,578 persons. This growth rate is almost double
that forecast for the State (1.5%), and is particularly high in the Kawana
(2.7%) and Caloundra South (2.6%) areas.
AGE
The average age of residents in Caloundra City in 2001 was 40.3 years,
Age Distribution 4.3 years older than the State average age and 2.1 years older than that
Caloundra City
25% recorded in 1996. The average age in Caloundra in 2001 was the highest
1996 2001
of any LGA in the Sunshine Coast Region, with the increase in the
20% average age between 1996 and 2001 also highest in Caloundra.
15%
10%
5%
0%
0-14 yrs 15-19 yrs 20-34 yrs 35-49 yrs 50-64 yrs 65+ yrs
INCOME
The average household weekly income in Caloundra City was $730.36 in
Weekly Income Distribution 2001, well below the state average of $885.25 and the lowest of any LGA
Caloundra City
30%
1996 2001
in the Sunshine Coast Region. Rail Corridor recorded the highest average
25%
weekly income ($768.09), while Caloundra South was the only area to
record average income below $700 ($638.42). Overall, the average
20% weekly income in Caloundra City increased by 22.6% between 1996 and
2001, equating to average annual growth of 4.2%.
15%
10%
5%
0%
$0 $1-299 $300-499 $500-699 $700-999 $1,000- $1,500- $2,000+
1,499 1,999
Source: ABS 1996 and 2001 Census
©0, Sunshine Coast Regional Economy, Second Quarter 2004 - 15 -
Section 19
MAROOCHY SHIRE (2003)
POPULATION & EMPLOYMENT 3.3% per annum since 1998
PROJECTED GROWTH
POPULATION TRENDS – MAROOCHY SHIRE 3.0% per annum to 2026
POPULATION
No. Estimated Resident Population
275,000
Maroochy Shire Maroochy Shire boasts the largest resident population of the three LGAs
250,000 in the Sunshine Coast Region with an estimated 136,461 persons in 2003.
225,000 Maroochy Shire’s population has grown, on average, by 3.3% per annum
200,000 between 1998 and 2003, which is well above the State average.
175,000
150,000
The highest population growth over the past five years was recorded in
125,000
Coastal North (5.6%) and Buderim (5.2%), while Nambour (0.6%),
100,000
75,000
Maroochydore (1.2%) and Mooloolaba (1.2%) recorded the lowest
50,000
population growth over the same period.
25,000
0 Over the period through to 2026, Maroochy Shire is expected to
1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2006 2011 2016 2021 2026
experience high average annual population growth of 3.0% and expand to
Source: ABS 3218.0, QDLGP, AECgroup
268,193 persons. This growth rate is double that forecast for the State
(1.5%) and will result in Maroochy Shire having more than half the total
population on the Sunshine Coast.
AGE
Age Distribution
25%
Maroochy Shire The average age of residents in Maroochy Shire in 2001 was 38.7 years in
1996 2001
2001, 1.3 years older than that recorded in 1996. By comparison, the
20%
average age in Queensland in 2001 (36.0 years) was 1.0 year older than
that recorded in 1996. In terms of average age, the oldest areas of the
15%
Shire are Mooloolaba (41.7 years) and Nambour (40.0 years), while the
youngest areas are the Balance of the Shire (36.5 years) and Coastal North
10%
(36.9 years).
5%
0%
0-14 yrs 15-19 yrs 20-34 yrs 35-49 yrs 50-64 yrs 65+ yrs
INCOME
Weekly Income Distribution
Maroochy Shire
30%
1996 2001
The average household weekly income in the Maroochy Shire was
25%
$771.47 in 2001, below the State average of $885.25. Buderim recorded
the highest average weekly income ($875.93), while Maroochydore
20% ($666.55) and Nambour ($654.94) both recorded average income levels
below $700. Overall, the average weekly income in Maroochy Shire
15%
increased by 21.4% between 1996 and 2001, equating to average annual
10% growth of 4.0%.
5%
0%
$0 $1-299 $300-499 $500-699 $700-999 $1,000- $1,500- $2,000+
1,499 1,999
Source: ABS 1996 and 2001 Census
©0, Sunshine Coast Regional Economy, Second Quarter 2004 - 16 -
Section 20
NOOSA SHIRE (2003)
POPULATION & EMPLOYMENT 3.3% per annum since 1998
PROJECTED GROWTH
POPULATION TRENDS – NOOSA SHIRE 1.1% per annum to 2026
POPULATION
No Estimated Resident Population
Noosa Shire
70,000
The population of Noosa Shire expanded, on average, by 3.3% per annum
60,000
between 1998 and 2003 to an estimated 46,461 persons. This growth rate
50,000 was well above the Queensland average of 1.9% over the same period.
The highest population growth over the past five years was recorded in
40,000
Noosa-Noosaville (3.9%) and Tewantin (3.9%), while Sunshine Peregian
30,000 (1.7%) recorded the smallest population growth over the same period.
20,000
Over the period through to 2026, Noosa Shire’s population is expected to
10,000
experience significantly lower average population growth of 1.1% (lower
0 than that forecast for the State of 1.5%), with the population reaching
1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2006 2011 2016 2021 2026
59,847 persons in 2026.
Source: ABS 3218.0, QDLGP, AECgroup
AGE
Age Distribution
Noosa Shire
30%
1996 2001
According to the 2001 Census, the average age of residents in Noosa
25% Shire was 40.5 years, 4.5 years older than the State average and 1.4 years
older than that recorded in 1996. In terms of average age, the oldest area
20%
of the Shire is Noosa-Noosaville (45.8 years), while the youngest area is
15%
the Balance of the Shire (35.0 years).
10%
5%
0%
0-14 yrs 15-19 yrs 20-34 yrs 35-49 yrs 50-64 yrs 65+ yrs
INCOME
Weekly Income Distribution
Noosa Shire
30%
1996 2001
The average weekly income in the Noosa Shire LGA was $754.04 in
25%
2001, below the State average of $885.25. Noosa-Noosaville recorded the
highest average weekly income ($823.76), while Tewantin was the only
20% SLA to record an average income below $700 ($675.31). Overall, the
average weekly income in Noosa Shire increased by 17.1% between 1996
15%
and 2001, equating to average annual growth of 3.2%.
10%
5%
0%
$0 $1-299 $300-499 $500-699 $700-999 $1,000- $1,500- $2,000+
1,499 1,999
Source: ABS 1996 and 2001 Census
©0, Sunshine Coast Regional Economy, Second Quarter 2004 - 17 -
Section 21
POPULATION & EMPLOYMENT
REGIONAL POPULATION DISTRIBUTION
Source: CDATA 2001, AECgroup
Sunshine Coast Region
LGA Area 2003 Population Density
(sq km) (persons) (persons / sq km)
Caloundra City
Caloundra North 27.2 19,657 722.7
Caloundra South 106.1 18,332 172.8
Kawana 35.6 19,524 548.4
Hinterland 505.6 7,951 15.7
Rail Corridor 419.0 17,441 41.6
Total 1,093.5 82,905 75.8
Maroochy Shire
Buderim 62.1 36,803 592.6
Coastal North 47.0 20,764 441.8
Maroochydore 14.1 16,004 1,135.0
Mooloolaba 5.4 10,652 1,972.6
Nambour 20.4 12,306 603.2
Balance in SC SSD 85.0 15,016 176.7
Balance 928.8 24,916 26.8
Total 1,162.8 136,461 117.4
Noosa Shire
Noosa-Noosaville 22.8 9,868 432.8
Sunshine Peregian 19.1 9,700 507.9
Tewantin 12.5 11,513 921.0
Balance 814.3 15,380 18.9
Total 868.7 46,461 53.5
Sunshine Coast 3,125.0 265,827 85.1
Queensland 1,732,654 3,796,775 2.2
Source: ABS 3218.0 and 2001 Census
©0, Sunshine Coast Regional Economy, Second Quarter 2004 - 18 -
Section 22
POPULATION & EMPLOYMENT
LABOUR MARKET OVERVIEW
LABOUR MARKET OVERVIEW
Trend unemployment in the Sunshine Coast Region has hovered between 8 and 10% over the last year,
although with the trend labour force expected to increase in the medium term, this may provide some
upward pressure on the Sunshine Coast trend unemployment rate.
Small Area Labour Market Analysis
Trend Unemployment Trend Labour Force
Rate (%) (No.)
Mar-04 Mar-03 Mar-04 Ann. % chg
Caloundra City LGA
Caloundra North 8.1 8.0 9,193 2.8
Caloundra South 10.7 10.4 6,793 3.1
Kawana 7.4 7.8 8,817 2.4
Hinterland 10.0 9.8 3,587 2.6
Rail Corridor 7.9 8.0 8,583 4.5
Total 8.4 8.5 36,881 2.9
Maroochy Shire LGA
Buderim 5.2 5.1 17,511 2.5
Coastal North 9.5 9.6 10,145 2.9
Maroochydore 12.2 12.1 8,371 2.8
Mooloolaba 8.3 8.7 6,484 2.9
Nambour 8.4 8.7 5,790 3.0
Balance in SC SSD 7.9 7.9 7,415 3.7
Balance 7.9 8.4 12,953 3.7
Total 8.0 8.2 68,693 3.6
Noosa Shire LGA
Noosa-Noosaville 10.3 10.6 4,832 2.5
Sunshine Peregian 8.0 8.2 5,454 4.0
Tewantin 9.9 9.7 5,199 2.8
Balance 9.9 10.3 7,366 3.6
Total 9.5 9.9 22,807 3.1
Note: December Quarter 2003 data is the most recent available.
Source: DEWRSB Small Area Labour Market Analysis
©0, Sunshine Coast Regional Economy, Second Quarter 2004 - 19 -
Section 23
POPULATION & EMPLOYMENT
SMALL AREA LABOUR MARKET ANALYSIS
% Trend Average Unemployment Rate
16
Caloundra City Maroochy Shire Noosa Shire
Caloundra City’s trend unemployment rate stood at 8.4% in the March
15 Quarter 2004, a slight drop from the 8.5% recorded in the March Quarter
14 2003. Maroochy Shire recorded the lowest trend unemployment rate in
13 the March Quarter 2004 (8.0%), which was also a reduction from a year
12 earlier (down by 0.2 percentage points). Trend unemployment was highest
11 in Noosa Shire at 9.5% in the March Quarter 2004, although this rate has
10 also decreased over the past year (down by 0.4 percentage points).
9
8 During the March Quarter 2004, trend unemployment within the Sunshine
7 Coast LGAs was highest in:
6
•
Dec-01 Mar-02 Jun-02 Sep-02 Dec-02 Mar-03 Jun-03 Sep-03 Dec-03 Mar-04
Maroochydore (12.2%);
• Caloundra South (10.7%);
• Noosa- Noosaville (10.3%); and
• Caloundra Hinterland (10.0%).
Growth in Trend Labour Force
15
13 Caloundra City Maroochy Shire Noosa Shire Compared to the March Quarter 2003, the number of persons in the labour
11
9
force in each of the LGA’s increased in the March Quarter 2004. The
most significant growth was recorded in Maroochy Shire (up by 3.6%),
annual % change, quarterly
7
5
3
while Noosa Shire recorded a 3.1% increase and Caloundra Shire a 2.9%
1 increase. Within each of the LGA’s, the strongest growth in labour force
-1
-3
was recorded in the Sunshine – Peregian SLA (growth of 4.0%).
-5
-7
-9
-11
-13
-15
Mar-02 Sep-02 Mar-03 Sep-03 Mar-04
Source: DEWRSB Small Area Labour Market Analysis, AECeconomics
JOB ADS
Job Ad Survey The AECgroup job advertisement series for the Sunshine Coast (based on
No. Job Ads No. Job Ads
4,000 20,000 counts from the Sunshine Coast Daily) indicated a total of 2,877 job ads
Sunshine Coast (LHS) Queensland (RHS)
3,500
18,000 in June 2004. This represented a 15.1% reduction from May 2004,
16,000 although was a 4.2% increase when compared to June 2003. By
3,000
14,000 comparison, Queensland job ads were 21.4% higher in June 2004 when
2,500
12,000 compared with June 2003.
2,000 10,000
8,000
1,500
6,000
1,000
4,000
500
2,000
0 0
Jun-03 Aug-03 Oct-03 Dec-03 Feb-04 Apr-04 Jun-04
Source: AECgroup, ANZ Job Ad Survey
Note: It is inappropriate to derive exact employment estimates from the
DEWRSB Small Area Labour Market data. Small Area Labour Force data
may have high standard errors associated with it. Care should be taken in
the interpretation of regional estimates. The estimates in this collection
have not been adjusted to take account of seasonal or other variations.
©0, Sunshine Coast Regional Economy, Second Quarter 2004 - 20 -
Section 24
BUSINESS CONFIDENCE
OVERVIEW
BUSINESS OVERVIEW
Business confidence in Queensland grew strongly in the May Quarter 2004 and was the second highest in
the nation. However the perception of the economy one year from now has declined strongly from the level
recorded in the May Quarter 2003.
Small and Medium Business, Queensland
Net Balance change on
May-04 (%) May-03
(a)
Business Confidence 73 9
Perceptions of the Economy
Now (b) 37 13
One Year from Now (b) 14 -12
Attitudes to Qld Govt Policies (c) -5 3
Actual Experience During: Net Balance change on
Feb-Apr 04 (%) Feb-Apr 03
Sales Value (a) 29 30
Size of Workforce (a) 6 2
Wages Bill (a) 11 4
Prices (a) 16 -4
Profitability (a) 25 32
Capital Expenditure (a) 3 -2
Expectations For: Net Balance change on
May-Jul 04 (%) May-Jul 03
(a)
Sales Value 34 -4
Size of Workforce (a) 13 7
Wages Bill (a) 17 1
Prices (a) 26 0
Profitability (a) 29 -6
Capital Expenditure (a) 1 2
Notes: (a) Net Balance is defined as the difference between the percentage with a positive outlook and the percentage with a
negative outlook. (b) Net Balance is defined as the difference between the percentage of small businesses reporting an increase
and the percentage recording a decrease. (c) Net Balance is defined as the difference between the percentage with a positive
attitude and the percentage with a negative attitude. (d) All changes are point changes (e) The most recent figures relate to both
medium and small business.
Source: Yellow Pages Small Business Index, Sweeney Research
Queensland Confidence Trends
75
70
65
Queensland business confidence grew strongly in the May Quarter 2004
60 in comparison to the May Quarter 2003 and was the second highest in the
55 nation. There was an improvement in current perceptions of the economy,
50
but a more negative outlook towards the economy one year from now.
Net Balance (%)
45
40
35
30
25
20
15
10
5
0
May-99 May-00 May-01 May-02 May-03 May-04
70
Perceptions of the Economy - Queensland
60
Now A Year From Now
Queensland recorded the strongest sales performance in the March
50 Quarter 2004, with 29% of businesses recording an increase in sales over
40 the quarter and higher profits for 25% of small and medium enterprises.
30 The employment outlook also appears favourable, with 13% of businesses
Net Balance (%)
20
expecting to employ extra staff in the June Quarter 2004.
10
0
-10
-20
-30
-40
-50
May-01 Nov-01 May-02 Nov-02 May-03 Nov-03 May-04
©0, Sunshine Coast Regional Economy, Second Quarter 2004 - 21 -
Section 25
PRIVATE CONSUMPTION
RETAIL SALES
PRIVATE CONSUMPTION OVERVIEW
Retail sales is a key indicator of private household consumption. Seasonally adjusted retail sales grew by
13.1% in Queensland over the year to June 2004, higher than the 9.0% growth experienced throughout
Australia.
Retail Sales Statistics – June 2004
RETAIL SALES Queensland Australia
$m Ann. % chg $m Ann. % chg
Food Retailing turnover 1,255.2 11.6 6,502.8 8.3
Department Store turnover 244.8 13.3 1,404.2 9.2
Clothing & Soft Good turnover 221.4 15.5 1,052.3 9.6
Household Goods turnover 472.2 13.2 2,218.1 6.0
Recreational Goods turnover 158.7 30.3 678.4 12.0
Other Retailing turnover 355.4 10.5 1,696.1 8.5
Hospitality & Service turnover 566.1 12.5 2,782.5 12.7
Total Turnover 3,273.7 13.1 16,334.5 9.0
Note: All figures are seasonally adjusted and, as such, the total turnover does not represent the sum of the turnover of the individual retail groupings.
Source: ABS 8501.0, AECgroup
Total Retail Sales Turnover
$m $m
Seasonally Adjusted
3,400 17,000
Australia (RHS) Queensland (LHS)
Queensland recorded seasonally adjusted retail sales of $3.3 billion in
16,500
3,200 June 2004, representing growth of 13.1% from a year earlier. By
16,000
comparison, Australian retail sales were 9.0% higher at $16.3 billion.
3,000 15,500
Around 38% of retail turnover is sourced through the food retailing sector
15,000
2,800 in Queensland, while the hospitality & service and household goods
14,500
2,600
sectors also strongly contribute to total retail turnover.
14,000
2,400 13,500
13,000
2,200
Growth in each of the retail industry sectors was also higher in
12,500
Queensland than that experienced throughout Australia. Strong growth
2,000 12,000
Jun-01 Dec-01 Jun-02 Dec-02 Jun-03 Dec-03 Jun-04
was recorded in recreational goods retailing as well as in clothing and soft
goods retailing in Queensland.
Growth in Total Retail Sales Turnover
Seasonally Adjusted
15
Queensland Australia
Annual growth in retail sales in Queensland has exceeded growth in
12 Australian retail sales over the past two years, emphasising the relative
annual % change, monthly
strength in Queensland private consumption. Analysis of the trend in
9 retail turnover suggests an overall upward trend in growth in both
Queensland and Australia.
6
3
0
Jun-01 Dec-01 Jun-02 Dec-02 Jun-03 Dec-03 Jun-04
Source: ABS 8501.0
©0, Sunshine Coast Regional Economy, Second Quarter 2004 - 22 -
Section 26
DWELLING INVESTMENT
OVERVIEW
DWELLING INVESTMENT OVERVIEW
Residential building activity in the Sunshine Coast Region weakened in the June Quarter 2004, with both
the number and value of dwelling approvals recording negative growth. In both quarterly and annual terms
the number of new houses approved fell significantly in Maroochy Shire and Caloundra City, although
were higher in the Noosa Shire.
Looking ahead, the Sunshine Coast’s property market is expected to contract, with weakening demand and
an expected increase in the RBA’s official interest rates driving a slump in residential building activity.
Building Approvals Statistics
Sunshine Coast Region Caloundra City Maroochy Shire Noosa Shire
Level % chg on % chg on Level % chg on % chg on Level % chg on % chg on Level % chg on % chg on
Jun-04 Mar-04 Jun-03 Jun-04 Mar-04 Jun-03 Jun-04 Mar-04 Jun-03 Jun-04 Mar-04 Jun-03
Number
Dwellings 1,049 -20.4 -16.7 339 -41.6 -12.6 575 -3.7 -19.8 135 -4.3 -12.3
New Houses 648 -23.0 -17.0 195 -50.8 -38.5 318 -6.5 -12.2 135 27.4 32.4
Other Dwellings 401 -15.8 -15.4 144 -21.7 111.8 257 0.0 -27.4 0 -100.0 -100.0
Value ($’000) ($’000) ($’000) ($’000)
Dwellings 292,988 -3.0 23.6 88,281 -29.3 23.2 160,858 23.9 26.7 43,849 -7.7 14.0
New Houses 156,734 -11.2 11.7 41,229 -45.3 -23.4 71,656 0.5 15.4 43,849 46.5 79.8
Other Dwellings 121,906 16.3 53.5 41,113 -3.8 236.2 80,793 56.1 38.0 0 -100.0 -100.0
Alterations & 14,349 -31.0 -17.4 5,940 -11.4 5.3 8,409 23.4 33.0 0 -100.0 -100.0
Adds
Non-Dwelling 25,126 -42.5 -69.0 7,887 -75.9 -47.4 17,239 150.1 -65.4 0 -100.0 -100.0
Total Building 318,115 -8.0 0.0 96,169 -39.0 11.0 178,097 30.2 0.7 43,849 -14.9 -19.6
Source: ABS 8731.3
Positive price growth in median weekly rents were recorded for all rental flat and house groupings on the
Sunshine Coast in the year to the June Quarter 2004. Each flat and house classification increased in
annual terms, indicating growing returns for residential investors.
Median Weekly Rents
Sunshine Coast Caloundra Maroochy Noosa Nambour
Rents ($) ann Rents ($) ann Rents ($) ann Rents ($) ann Rents ($) ann
Jun-04 % chg Jun-04 % chg Jun-04 % chg Jun-04 % chg Jun-04 % chg
1 Bedroom Flat 150 15.4 160 28.0 145 11.5 160 6.7 130 13.0
2 Bedroom Flat 200 8.1 200 8.1 190 2.7 220 22.2 155 10.7
3 Bedroom Flat 250 8.7 235 4.4 250 8.7 280 3.7 180 16.1
2 Bedroom House 220 15.8 210 10.5 220 22.2 220 2.3 200 14.3
3 Bedroom House 260 8.3 260 4.0 250 4.2 250 8.7 245 16.7
4 Bedroom House 300 7.1 310 6.9 300 7.1 280 3.7 260 4.0
Source: Residential Tenancies Authority
©0, Sunshine Coast Regional Economy, Second Quarter 2004 - 23 -
Section 27
The residential building market
DWELLING INVESTMENT contracted in the three months to the
June Quarter 2004, although in
BUILDING APPROVALS – SUNSHINE COAST annual terms the value of approvals
REGION increased.
Quarterly Growth in Dwelling Approvals
Sunshine Coast Region
100.00 300.00
New Houses (LHS) Total Dw ellings (LHS) Other Dw elling Units (RHS)
The Sunshine Coast’s residential building market contracted in the three
75.00
250.00 months to the June Quarter 2004 with the total number of dwelling
200.00 approvals falling by 20.4%. The reduction was fuelled by a fall in the
quarterly % change
50.00
150.00
number of new houses approved (down 23.0% to 648 approvals) and
other dwelling approvals (such as flats, units and apartments, down 15.8%
25.00 100.00
to 401 approvals). Overall, 1,049 residential new residential buildings
50.00
0.00 were approved in the June Quarter 2004 on the Sunshine Coast.
0.00
-25.00
-50.00
-50.00 -100.00
Jun-02 Dec-02 Jun-03 Dec-03 Jun-04
Annual Growth in Dwelling Approvals
Sunshine Coast Region
300 600
New Houses (LHS) Total Dw ellings (LHS) Other Dw elling Units (RHS) Building activity on the Sunshine Coast was also lower in annual terms,
250 500
where the number of dwelling approvals fell by 16.7% in the twelve
months to the June Quarter 2004.
annual % change, quarterly
200 400
150 300
100 200
50 100
0 0
-50 -100
Jun-01 Dec-01 Jun-02 Dec-02 Jun-03 Dec-03 Jun-04
Value of Building Approvals
$ million
400
Sunshine Coast Region The total value of residential building approvals fell by 3.0% in the June
Dwelling Non-Dwelling
350
Quarter 2004 to $293 million, although were 23.6% higher than that
recorded in the June Quarter 2003. At the same time, the value of non-
300
dwelling approvals declined in quarterly terms (down by 42.5%), and also
250
when compared to the corresponding quarter a year previous (down by
200 69.0%).
150
100
50
0
Jun-00 Jun-01 Jun-02 Jun-03 Jun-04
Source: ABS 8731.3
Property advisors Herron Todd White report that the Sunshine market for
houses, units and land seems to have peaked in 2003, with the current
market stabilising, and in some fringe locations showing weakness.
Around Caloundra there are approximately 800 units that have been
approved and are currently being marketed or constructed, although only
550 have actually been sold. With a high proportion of these buildings
being situated in secondary locations it is possible that vendors offering
prices may have to be adjusted to reflect more realistic demand.
©0, Sunshine Coast Regional Economy, Second Quarter 2004 - 24 -
Section 28
Residential building activity in Caloundra
DWELLING INVESTMENT City contracted in the June Quarter 2004,
BUILDING APPROVALS – CALOUNDRA CITY with the number and value of approvals
trending lower.
Quarterly Growth in Dwelling Approvals
Caloundra City LGA
125
New Houses (LHS) Total Dw ellings (LHS) Other Dw elling Units (RHS)
900 Residential building activity in Caloundra City fell significantly (down
100
750 41.6%) in the June Quarter 2004 compared to the March Quarter 2004
600 result. This was driven by a 50.8% fall in new house approvals, and a
75
21.7% reduction in other dwellings. Overall, there were 339 new
quarterly % change
450
50 300 residential buildings approved in the June Quarter 2004.
25 150
0
0
-150
-25
-300
-50 -450
Jun-02 Dec-02 Jun-03 Dec-03 Jun-04
Annual Growth in Dwelling Approvals
600
Caloundra City LGA 3,000
New Houses (LHS) Total Dw ellings (LHS) Other Dw elling Units (RHS) Residential building approvals in Caloundra City were also 12.6% lower
500 2,500
in the June Quarter 2004 when compared to the June Quarter 2003, driven
annual % change, quarterly
400 2,000 by the number of new house approvals falling by 38.5%.
300 1,500
200 1,000
100 500
0 0
-100 -500
Jun-01 Dec-01 Jun-02 Dec-02 Jun-03 Dec-03 Jun-04
Value of Residential Building Approvals
$ million
Caloundra City LGA
130
New Houses Other Dwelling Alterations & Additions
The total value of Caloundra City dwelling approvals was $88.3 million in
120
110
the June Quarter 2004, an increase of 23.2% when compared to the June
100 Quarter 2003. However, the value of dwelling approvals was 23.2% lower
90
80
than the record level recorded in the March Quarter 2004.
70
60
50
40
30
20
10
0
Jun-00 Jun-01 Jun-02 Jun-03 Jun-04
Source: ABS 8731.3
©0, Sunshine Coast Regional Economy, Second Quarter 2004 - 25 -
Section 29
Despite the lower number of residential
DWELLING INVESTMENT buildings approved in the Maroochy Shire,
the total value of approvals increased.
BUILDING APPROVALS – MAROOCHY
SHIRE
Quarterly Growth in Dwelling Approvals
120
Maroochy Shire LGA 1,200
100
New Houses (LHS) Total Dw ellings (LHS) Other Dw elling Units (RHS) 1,080
Residential building activity in Maroochy Shire fell in the June Quarter
960
80 840 2004, recording a 3.7% decrease in the total number of residential
60
720 building approvals when compared to the March Quarter 2004. This result
quarterly % change
600
40 480
was driven by the reduction in new house approvals (down 6.5%).
20 360 Overall, there were 575 new residential building approvals in the June
0
240 Quarter 2004 in the Maroochy Shire.
120
-20 0
-120
-40
-240
-60 -360
Jun-02 Dec-02 Jun-03 Dec-03 Jun-04
Annual Growth in Dwelling Approvals
Maroochy Shire LGA
300
New Houses (LHS) Total Dw ellings (LHS) Other Dw elling Units (RHS)
1,400
In annual terms, residential building approvals in Maroochy Shire
1,200 decreased by 19.8% in the June Quarter 2004. Over the period, there was
200 1,000 a fall in both the number of new houses approved (down 12.2%) and the
annual % change, quarterly
800
number of other dwellings approved (down 27.4%).
100 600
400
0 200
0
-100 -200
Jun-01 Dec-01 Jun-02 Dec-02 Jun-03 Dec-03 Jun-04
Value of Residential Building Approvals
$ million
Maroochy Shire LGA Despite the lower number of building approvals in the June Quarter 2004,
180
New Houses Other Dwelling Alterations & Additions the total value of residential building approvals in Maroochy Shire
160
climbed by 23.9% to be $160.9 million. This result indicates that the
140
average value of residential buildings approved increase significantly in
120
the period.
100
80
60
40
20
0
Jun-00 Dec-00 Jun-01 Dec-01 Jun-02 Dec-02 Jun-03 Dec-03 Jun-04
Source: ABS 8731.3
©0, Sunshine Coast Regional Economy, Second Quarter 2004 - 26 -
Section 30
Despite strong growth in the number of new
DWELLING INVESTMENT houses approved in the June Quarter 2004,
the total number of residential building
BUILDING APPROVALS – NOOSA SHIRE approvals fell due to a complete absence of
other building approvals.
Quarterly Growth in Dwelling Approvals
75
Noosa Shire LGA 300
New Houses (LHS) Total Dw ellings (LHS) Other Dw elling Units (RHS)
250
The number of dwellings approved in Noosa Shire fell by 4.3% to 135
50
200
approvals in the June Quarter 2004. The result was driven by a significant
150
decline in other dwelling approvals, which offset a 27.4% increase in new
quarterly % change
25 house approvals.
100
50
0
0
-50
-25
-100
-50 -150
Jun-02 Dec-02 Jun-03 Dec-03 Jun-04
Annual Growth in Dwelling Approvals
Noosa Shire LGA
150
New Houses (LHS) Total Dw ellings (LHS) Other Dw elling Units (RHS)
500
In annual terms, total residential building approvals in Noosa Shire were
400
12.3% lower when compared with the June Quarter 2003. Again, the
100
reduction in other dwelling approvals drove the fall, offsetting a 32.4%
annual % change, quarterly
300 increase in new house approvals.
50
200
0
100
-50
0
-100 -100
Jun-01 Dec-01 Jun-02 Dec-02 Jun-03 Dec-03 Jun-04
Value of Building Approvals
$ million
Noosa Shire LGA
50
45
New Houses Other Dwelling Alterations & Additions
As shown in the figure opposite, there was a significant increase in the
40 value of new houses approved in the Noosa Shire in the June Quarter
35 2004 in both quarterly and annual terms. However, the absence of any
30 other residential building approvals or alteration and additions meant that
25 overall the value of total residential building approvals fell by 7.7% over
20 the quarter to $43.8 million
15
10
5
0
Jun-00 Jun-01 Jun-02 Jun-03 Jun-04
Source: ABS 8731.3
©0, Sunshine Coast Regional Economy, Second Quarter 2004 - 27 -
Section 31
There was positive price growth in median
DWELLING INVESTMENT weekly rents for all types of rental properties
on the Sunshine Coast in the twelve months to
MEDIAN WEEKLY RENTS the June Quarter 2004.
MEDIAN WEEKLY RENTS OVERVIEW
$ Median Weekly Rents
Two Bedroom Flats
260
Nambour Caloundra Maroochy Median weekly rents across the Sunshine Coast were higher for all flat
240 Noosa Sunshine Coast
types in the June Quarter 2004 when compared to the June Quarter 2003.
220
One-bedroom flats (up by 15.4% from the previous year) recorded the
200
most significant growth in price.
180
160 Median rental prices for flats were higher in Caloundra, Maroochy, Noosa
140 and Nambour with each flat type recording positive growth. The most
120 significant price increase was recorded in Caloundra City, where the
100 rental price for one bedroom flats increased by 28.0%.
80
Jun-00 Dec-00 Jun-01 Dec-01 Jun-02 Dec-02 Jun-03 Dec-03 Jun-04
Median Weekly Rents
$
Three Bedroom Houses
Median rents across the Sunshine Coast were also higher for all house
300
Nambour Caloundra Maroochy types in the June Quarter 2004 when compared to the same period a year
280 Noosa Sunshine Coast
earlier. Two bedroom houses (up by 15.8% from the previous year)
260 recorded the most significant growth in the region and, combined with the
240
strong growth in one-bedroom flats, indicates strong demand in smaller
tenancy properties. Overall, there has been significant price growth in the
220
residential rental market over the past two years after remaining relatively
200
stagnant throughout 1999, 2000 and 2001.
180
160 Median weekly rents for houses were higher in Caloundra, Maroochy,
140
Noosa and Nambour in the June Quarter 2004 when compared with a year
Jun-00 Dec-00 Jun-01 Dec-01 Jun-02 Dec-02 Jun-03 Dec-03 Jun-04 earlier. The most significant growth was recorded in Maroochy Shire,
Source: Residential Tenancies Authority where rental prices for two-bedroom houses grew by 22.2% over the year,
followed by Nambour which recorded a 16.7% increase in three-bedroom
houses.
©0, Sunshine Coast Regional Economy, Second Quarter 2004 - 28 -
Section 32
COMMERCIAL BUILDING INVESTMENT
OVERVIEW
BUILDING INVESTMENT OVERVIEW
The value of non-residential building approvals on the Sunshine Coast weakened in the June Quarter 2004
to be at $25.1 million, due to a contraction in the Caloundra City and Noosa Shire markets over the quarter.
Driven by the significant reduction in the three months to June, the value of non-residential building
approvals in was also lower when compared to the June Quarter 2003. Looking ahead, rising interest rates
are expected to somewhat dampen investor sentiment.
Business Investment
Value ($’000) % change % change
VALUE OF NON-RESIDENTIAL BUILDING
June-04 on Mar-04 on Jun-03
Caloundra City 7,887 -75.9 -47.4
Maroochy Shire 17,239 150.1 -65.4
Noosa Shire 0 -100.0 -100.0
Sunshine Coast Region 25,126 -42.5 -69.0
Source: ABS 8731.3
Value of Building Approvals
$ million
Sunshine Coast Region
350
Non-Dwelling Dwelling The value of non-residential investment on the Sunshine Coast weakened
300 in the June Quarter 2004, declining by 42.5%, to be at $25.1 million.
250 Driven by the quarterly decline, the value of non-residential investment
was 69.0% lower than that recorded in the June Quarter 2003.
200
150
100
50
0
Jun-00 Jun-01 Jun-02 Jun-03 Jun-04
Value of Non-Residential Building Approvals
$ million
90
Sunshine Coast Region The value of non-residential building activity in the June Quarter 2004
80
Caloundra Maroochy Noosa was highest in the Maroochy Shire at $17.2 million, an increase of
70
150.1% when compared with the previous quarter, although a 65.4%
decrease in annual terms. Caloundra City recorded non-residential
60
investment of $7.9 million, representing a 75.9% decline in quarterly
50
terms, and a 47.4% decline in annual terms. There was no non-residential
40
investment in Noosa Shire in the June Quarter 2004.
30
20
10
0
Jun-00 Jun-01 Jun-02 Jun-03 Jun-04
Source: ABS 8731.3
©0, Sunshine Coast Regional Economy, Second Quarter 2004 - 29 -
Section 33
MAJOR REGIONAL DEVELOPMENTS
This section details some recent, current and planned major regional developments in the Sunshine Coast Region.
GOVERNMENT PROJECTS
Recent Government projects have included:
• Noosa Shire Council commenced construction of a major East West transport link (Eenie Creek Road Stage 2) in April 2004
for completion by December 2005. The project, valued at $26.2 million, is being funded under a 1998 agreement between the
Department of Main Roads and Noosa Shire Council. Under the same agreement, a major North South link road (Walter Hay
Drive) valued at $19.3 million is planned to commence in January 2005 for completion over 12 months. Council is also in the
detailed design phase of Eenie Creek Road Stage 3 which will be funded and constructed by Council in calendar year 2005 at
an estimated cost of $9 million;
• The $11m Kawana Way Arterial Road is expected to be completed at the end of May. It will link Kawana Island and the
Sunshine Motorway;
• The State Government has committed $2.7m to upgrade the Maleny-Keilworth Road. The upgrade is due to start next month;
• Caloundra City council has adopted a strategy to upgrade and introduce $34.3m of pathways and bike lanes over the next 30
years;
• Caloundra City Council has endorsed $3.4m worth of capital works for the development of sports grounds at Beerwah, Glass
House Mountains, and Peachester;
• Construction of CSIT's $8.3 million Noosa Arts and Environmental Tourism Centre is nearing completion with the first
students expected in early October 2004. The project is jointly funded by the State and Commonwealth Governments;
• A $1.4m upgrade and redesign has been approved for the Mary Cairncross Scenic Reserve near Maleny by the Caloundra City
Council. It is hoped that some of the work could be funded by government grants, donations, or labour market programs;
• A new $15m Slippy Downs Interchange was unveiled yesterday. It is planned to be completed in 2007; and
• Woodford Correctional Centre will undergo a $3m expansion under an increased funding package for the States prisons.
COMMERCIAL DEVELOPMENTS
Recent commercial developments have included:
• An apartment on Mooloolaba Esplanade has set a new record for the area with a sale of $1.4m by Waterfront Only;
• The Battle between Noosa Council and T.M. Burke over a 60 ha coastal strip known as Marcus Shores has ended after a
$2.5m settlement;
• A block of units at Currimundi was sold for $3m to a Brisbane accountant. It was previously bought in 1998 for $500,000;
• Work has begun on the $40m Rainbow Water Resort at Rainbow Beach. The developers are Pinnaroo Estate, and Sydney
based company Buildcorp will undertake the construction;
• Interstate and local property developers are trying to secure a slice of the planned Chancellor Park Town Centre which could
return as much as $800m. Eight parcels of land between Slippy Downs Drive and the Sunshine Motorway already have sales
contracts on them worth an estimated $40m; and
• Last weekend the Mt Beerwah macadamia plantation was sold to a private Caboolture based company for $3.5m. It was
previously owned by Como Plantations Pty Ltd.
©0, Sunshine Coast Regional Economy, Second Quarter 2004 - 30 -
Section 34
PROPERTY MARKET
CALOUNDRA CITY
PROPERTY MARKET OVERVIEW
Caloundra City recorded a 1.3% increase in median house prices in the March Quarter 2004, with Beerwah
recording the greatest increase in the quarter. However, median prices for townhouses / units fell 0.8% over
the same period.
House and Townhouse/Unit Sales, Caloundra City – March Quarter 2004
House Sales Townhouse/Unit Sales
No. Value ($) % change No. Value ($) % change
on Dec-03 on Dec 03
Caloundra LGA 326 364,500 1.3 167 289,000 -0.8
Aroona 15 339,500 5.4 n.a n.a n.a
Battery Hill 18 339,500 0.4 7 405,500 113.4
Beerwah 17 245,000 8.9 n.a n.a n.a
Buddina 19 485,000 -3.5 7 268,000 -18.8
Caloundra 9 350,000 1.2 23 310,000 6.4
Caloundra West 8 357,000 2.7 n.a n.a n.a
Currimundi 37 355,000 -0.8 8 317,000 -4.5
Dicky Beach 7 390,000 -14.7 11 266,000 2.3
Glass House Mountains ^ 9 280,000 -17.6 n.a n.a n.a
Glass House Mountains 8 286,500 4.2 n.a n.a n.a
Golden Beach 19 375,000 5.6 21 285,000 -15.2
Kings Beach n.a n.a n.a 21 352,000 5.4
Landsborough 14 251,925 0.0 n.a n.a n.a
Little Mountain 24 354,000 5.7 7 242,500 7.8
Minyama 13 445,000 -42.2 14 256,000 7.8
Moffat Beach 7 357,500 -20.9 n.a n.a n.a
Mooloolah Valley 9 280,000 -3.0 n.a n.a n.a
Parrearra 16 466,250 6.0 19 320,000 -1.1
Pelican Waters 21 505,000 6.4 n.a n.a n.a
Warana 18 394,000 -3.9 12 188,000 -9.3
Wurtulla 24 240,500 0.2 n.a n.a n.a
Note: n.a. – not available; ^ denotes large housesites (acreage).
Source: REIQ
Median House Prices - Caloundra
% Growth 1998/99 - 2003/04 The value of house prices in Caloundra City LGA was 1.3% higher in the
Aroona
Pelican Waters March Quarter 2004 at $364,500 when compared with the median of the
Glass House Mountains ^
Mooloolah Valley
Little Mountain
December Quarter 2003. There were a total of 326 house sales in
Glass House Mountains
Caloundra West
Caloundra City in the March Quarter 2004, significantly more than the
Beerwah
Currimundi 238 recorded in the December Quarter 2003. The most significant growth
Landsborough
Wurtulla in a single suburb in Caloundra City over the period was recorded in
Battery Hill
Golden Beach
Caloundra
Beerwah, which experienced an 8.9% increase the median sale price.
Buddina
Warana
Bokarina
Minyama
Moffat Beach
Dicky Beach
Parrearra
Median house prices have increased sharply across Caloundra City
0% 50% 100% 150% 200% 250%
between the year ended March 1999 and the year ended March 2004.
Median house prices in Parrearra, Dicky Beach, Moffat Beach and
Median Unit & Townhouse Prices - Caloundra Minyama have increased more than 200% over the five-year period.
% Growth 1998/99 - 2003/04
Battery Hill
Beerwah
Buddina The median value of unit and townhouse sales in the Caloundra City LGA
Golden Beach was 0.8% lower at $289,000 in the March Quarter 2004 when compared
Warana
with the December Quarter 2003. The number of unit / townhouse sales in
Dicky Beach
Currim undi
the March Quarter 2004 rose significantly to 167 when compared to the
Little Mountain previous quarter (113 sales). The highest median sale price for units/
Caloundra townhouses in the City was recorded in Battery Hill ($405,500), up
Minyam a
113.4% when compared to the previous quarter.
Caloundra West
0% 20% 40% 60% 80% 100% 120% 140% 160% 180%
Source: REIQ
©0, Sunshine Coast Regional Economy, Second Quarter 2004 - 31 -
Section 35
PROPERTY MARKET
MAROOCHY SHIRE
PROPERTY MARKET OVERVIEW
Maroochy Shire recorded a 1.4% fall in median house prices in the March Quarter 2004. However, the
median price for townhouses / units rose by 3.4% in the quarter.
House and Townhouse/Unit Sales, Maroochy Shire – March Quarter 2003
House Sales Townhouse/Unit Sales
No. Value ($) % change on No. Value ($) % change on
Dec-03 Dec-03
Maroochy LGA 495 360,000 -1.4 394 266,000 3.4
Alexandra Headland 9 445,000 -18.0 51 285,000 -5.8
Bli Bli 33 282,000 -5.4 n.a n.a n.a
Buderim 119 420,000 4.2 30 272,000 -4.6
Burnside 11 259,000 -3.0 n.a n.a n.a
Coes Creek 12 325,000 27.5 n.a n.a n.a
Coolum Beach 39 365,000 -14.5 27 285,000 1.8
Doonan^ 7 520,000 -6.3 n.a n.a n.a
Eumundi 7 407,500 -10.4 n.a n.a n.a
Kuluin 13 295,000 -10.3 n.a n.a n.a
Mapleton 8 329,000 -0.3 n.a n.a n.a
Marcoola 7 510,000 32.5 16 397,500 24.2
Maroochydore 31 342,000 -4.2 105 260,000 -0.8
Mooloolaba 20 451,250 7.4 83 290,000 5.5
Mount Coolum 9 327,237 -11.0 7 278,000 15.8
Mountain Creek 27 390,000 1.3 7 206,000 -0.7
Mudjimba 7 405,000 -6.5 n.a n.a n.a
Nambour 50 247,250 3.0 23 156,200 -1.8
Pacific Paradise 9 265,000 -90.6 12 212,500 -4.1
Palmwoods 14 280,000 -20.1 n.a n.a n.a
Peregian Beach 10 522,500 -89.2 7 305,000 9.9
Sippy Downs 24 341,000 -3.4 n.a n.a n.a
Twin Waters 15 530,000 -5.1 n.a n.a n.a
Woombye 7 320,000 18.5 n.a n.a n.a
Yandina 7 260,000 -1.0 n.a n.a n.a
Yaroomba 7 432,500 0.7 n.a n.a n.a
Note: n.a. – not available; ^ denotes large house sites (acreage).
Source: REIQ
Median House Prices - Maroochy
% Growth 1997/98 - 2002/03 Maroochy Shire recorded a 1.4% reduction in the median house price in
Eumundi
Sippy Downs
Yandina
the March Quarter 2004 to $360,000. The highest median house price was
Mountain Creek
Bli Bli
recorded in Twin Waters ($530,000), while the suburbs of Peregian Beach
Buderim
Palmwoods and Doonan also recorded median sale prices above $500,000. Overall,
Burnside
Doonan^
Mapleton
the number of house sales across the Shire in the March Quarter 2004 was
Yaroomba
Kuluin higher at 495 sales, compared to the 437 sales recorded in the December
Coes Creek
Nambour
Maroochydore
Quarter 2003. The suburb of Buderim remains a hot spot in terms of sales
Mooloolaba
Mount Coolum activity in the Shire.
Pacific Paradise
Woombye
Mudjimba
Coolum Beach
Marcoola Median house prices have increased sharply across the Maroochy Shire
Alexandra Headland
0% 50% 100% 150% 200% 250%
between the year ended March 1999 and the year ended March 2004, with
the majority of suburbs enjoying over 100% growth in value.
Median Unit & Townhouse Prices - Maroochy The median value of unit / townhouse sales in the Maroochy Shire was
% Growth 1997/98 - 2002/03
Mooloolaba
slightly higher in the March Quarter 2004 at $266,000, up by 3.4% when
Yaroomba compared to the December Quarter 2003. The median value of unit and
Maroochy LGA
townhouse sales was highest in Marcoola ($397,500), while the most
Coolum Beach
Alexandra Headland
active area of the Shire was Maroochydore with 105 sales in the quarter.
Nambour
Mountain Creek Although unit and townhouse prices have experienced strong growth
Buderim
Maroochydore
across the Maroochy Shire between 1999 and 2004, the proportionate
Mudjimba increase is less than that experienced in the value of houses in the Shire
Marcoola over the same period.
Pacific Paradise
Mount Coolum
0% 20% 40% 60% 80% 100% 120% 140% 160% 180%
Source: REIQ
©0, Sunshine Coast Regional Economy, Second Quarter 2004 - 32 -
Section 36
PROPERTY MARKET
NOOSA SHIRE
PROPERTY MARKET OVERVIEW
Noosa Shire recorded a 3.2% decline in median house prices in the March Quarter 2004, however strong
growth in sales value was recorded in acreage sites in Cooroy. Tewantin remains the hot spot for house
sales activity. In the unit/townhouse market, the median sales price increased by 2.9% in the quarter, driven
by strong growth in the Noosa Heads and Tewantin property markets.
House and Townhouse/Unit Sales, Noosa Shire – March Quarter 2003
House Sales Townhouse Sales
No. Value ($) % change on Dec-03 No. Value ($) % change on Dec-03
Noosa LGA 184 418,750 -3.2 131 360,000 2.9
Cooran 9 305,000 -10 n.a n.a n.a
Cooroy^ 7 510,000 32.5 n.a n.a n.a
Cooroy 10 292,000 -7 n.a n.a n.a
Noosa Heads 14 612,500 -13.7 35 735,000 13.1
Noosaville 27 660,000 -11.1 43 315,000 1.6
Peregian Beach 7 457,000 -4.3 10 295,000 -37.2
Pomona 10 291,500 -4.4 n.a n.a n.a
Pomona^ 9 395,000 -4.8 n.a n.a n.a
Sunrise Beach 13 600,000 9.6 9 335,000 20.1
Sunshine Beach 14 818,400 1.3 9 550,000 10.6
Tewantin 63 380,000 -2.6 23 210,000 22.6
Note: n.a. – not available; ^ denotes large housesites (acreage).
Source: REIQ
Median House Prices - Noosa
% Growth 1997/98 - 2002/03 The median value of house prices in Noosa was 3.2% lower in the March
Cooran
Noosa Heads
Quarter 2004 at $418,750 when compared to the December Quarter 2003.
Pomona Sunshine Beach recorded the highest median house sale value at
Cooroy^
Pomona^
$818,400, despite only recorded an increase in sales value of 1.3% over
Sunshine Beach the quarter. Large properties in the Cooroy region recorded strong growth
Cooroy
Noosa LGA in median sales prices, experiencing growth of 32.5% in the quarter. The
Marcus Beach number of house sales increased from 161 in the December Quarter 2003
Noosaville
Tewantin
to be at 184 in the March Quarter 2004.
Peregian Beach
Sunrise Beach
Median house prices in Sunrise Beach and Peregian Beach recorded the
0% 20% 40% 60% 80% 100% 120% 140% 160% 180% 200%
most significant growth between the year ended March 1999 and the year
ended March 2004, although all areas recorded growth of over 80%.
Median Unit & Townhouse Prices - Noosa The number of unit and townhouse sales in the March Quarter 2004
% Growth 1997/98 - 2002/03
remained relatively steady at 131 when compared to the December
Noosa Heads
Quarter 2003 result of 129. The median value of unit and townhouse sales
Noosa LGA in Noosa Shire was slightly higher (up by 2.9%) when compared to the
Tewantin
December Quarter 2003. Tewantin recorded the most significant increase
in unit / townhouse prices (up by 22.6%), while Noosa Heads recorded the
Noosaville highest median value for unit / townhouse sales during the quarter at
Sunrise Beach
$735,000.
Peregian Beach
Sunshine Beach Unit and townhouse prices in Noosa Shire have recorded more subdued
0% 20% 40% 60% 80% 100% 120%
growth between the year ended March 1999 and the year ended March
2004. The most significant growth in median unit / townhouse prices over
Source: REIQ
the five year period has been recorded in Sunshine Beach which has
increased by more that 100%.
©0, Sunshine Coast Regional Economy, Second Quarter 2004 - 33 -
Section 37
TOURISM
OVERVIEW
TOURISM OVERVIEW
The total number of visitors to the Sunshine Coast Tourism Region (which includes Caloundra City,
Maroochy Shire, Noosa Shire and Cooloola Shire) was higher across each visitor market the year ending
March 2004 when compared to the year ending March 2003, with the exception of domestic overnight
visitors, which recorded a reduction of 4.4%.
Despite deteriorating international travel conditions, the number of international visitors to the region
increased in the year ending March 2004, indicating increased visitor confidence regarding the safety of
Australia and the Sunshine Coast as an international tourist destination.
Tourism Demand Indicators, BTR National and International Visitor Surveys
Domestic Overnight Domestic Day Trip International
Year Ended % Change Year Ended % Change Year Ended % Change
Mar-04 Mar-03 Mar-04 Mar-03 Mar-04 Mar-03
Total Visitors 2,501,000 -4.4 4,097,000 14.6 222,976 8.1
Interstate 825,000 5.2 41,000 14.6 n.a n.a
Intrastate 1,676,000 -8.5 4,056,000 14.6 n.a n.a
Average Length of Stay (nights) 4.5 0.1 n.a n.a 9.0 0.3
Total Visitor Nights 15,927,000 37.2 n.a n.a 2,008,392 41.5
Purpose of Visit (Visitors)
Holiday/Leisure 1,551,000 -8.8 2,868,000 21.5 176,151 5.4
Visiting Friends/Relatives 750,000 10.3 942,000 9.8 37,906 8.1
Business/Conference 125,000 -20.3 123,000 71.9 8,919 44.1
Other 50,000 -36.3 164,000 -42.7 4,460 116.2
Accommodation (Nights)
Hotel, Resort, Motel, Motor Inn 3,822,000 13.5 n.a n.a n.a n.a
Friends or Relatives Property 4,937,000 63.6 n.a n.a n.a n.a
Rented house / apartment / flat / unit 4,619,000 32.6 n.a n.a n.a n.a
Caravan Park / Camping ground 1,593,000 96.0 n.a n.a n.a n.a
Caravan / camping near road / private property 159,000 -31.4 n.a n.a n.a n.a
Source: Bureau of Tourism Research National and International Visitor Surveys
Tourism demand for hotel/ motel and serviced apartments in the Sunshine Coast Tourism Region
strengthened in the March Quarter 2004 when compared with the March Quarter 2003, with
increases in guest arrivals, takings, guest nights and occupancy rates. .
Tourism Demand Indicators, ABS Survey of Tourist Accommodation
Region Occupancy Guest Arrivals Average Stay Guest Nights Room Nights Takings Average Daily
(%) (No.) (Nights) (No.) (No.) ($’000) Takings per
Room($)
Mar- Mar-
Mar-04 Mar-03 Mar-04 % chg Mar-04 Mar-03 Mar-04 % chg Mar-04 % chg Mar-04 % chg
04 03
Caloundra City 63.9 51.1 51,361 13.9 2.9 2.7 146,489 20.8 54,100 33.7 5,388 11.8 63.6 60.8
Maroochy Shire 66.9 65.4 104,087 6.6 3.7 3.7 382,978 6.7 151,599 9.8 19,181 6.5 84.6 85.3
Noosa Shire 68.0 64.9 59,055 6.4 4.5 4.5 264,938 6.1 94,400 4.8 15,295 10.8 110.1 99.4
Sunshine Coast 66.6 62.6 214,503 8.2 3.7 3.7 794,405 8.9 300,099 11.7 39,864 8.8 88.5 85.4
Queensland 61.8 58.6 2,170,705 10.7 2.9 2.9 6,338,418 13.0 3,094,400 11.2 362,561 14.7 72.5 66.5
Notes: (a) The ABS classifies a hotel/motel as an establishment with fifteen or more rooms.
Source: ABS Survey of Tourist Accommodation
©0, Sunshine Coast Regional Economy, Second Quarter 2004 - 34 -
Section 38
According to Tourism Queensland, over 6.8
TOURISM million guests visited the Sunshine Coast
Tourism Region in the year ending March 2004.
SUNSHINE COAST
Total Visitors
Visitors
Sunshine Coast Tourism Region
8,000,000
Domestic Overnight Domestic Day trip International The National and International Visitor Surveys indicated that there were
7,000,000
over 6.8 million visitors to the Sunshine Coast Tourism Region in the year
6,000,000
ending March 2004. Over 60% of these visitors were classified as being
5,000,000 domestic day-trippers, while 37% were classified as being domestic
4,000,000 overnight visitors. Compared to the year ending March 2003, there has
3,000,000 been a 6.5% increase in total visitors to the Sunshine Coast Tourism
2,000,000
Region, with the number of domestic daytrips increasing by 14.6% and
1,000,000
overseas guests by 8.1%. However, due to a reduction in the number of
intrastate arrivals, the number of domestic overnight guests to the region
0
Mar-03 Jun-03 Sept-03 Dec-03 Mar-04 fell by 4.4%.
Source: Bureau of Tourism Research National and International Visitor Surveys
Purpose of Visit
%
Sunshine Coast Tourism Region
90 The most common purpose of visit to the Sunshine Coast Tourism Region
Domestic Overnight Domestic Day trip International
80 was for a holiday or leisure (67.6%), with a higher proportion of
70 international visitors visiting the region for this purpose compared to
60 domestic visitors. Visiting friends and relatives was also a common
50 purpose of visit (25.4%), while attending a conference or visiting the
40
region for business on average were less common (3.8%).
30
20
10
0
Holiday/leisure Visiting friends & Business/Conference Other
relatives
Source: Bureau of Tourism Research National and International Visitor Surveys
Hotel/Motel Occupancy Rate
%
80
Sunshine Coast Tourism Region The overall occupancy rate for hotels, hotels and serviced apartments
75 2001/02 2002/03 2003/04 located within the Sunshine Coast Tourism Region was 66.6% in the
70 March Quarter 2004. This result was 4.0 percentage points higher than
65
that recorded in the corresponding March Quarter 2003, indicating a
60
55
strengthening in accommodation demand over the year. Occupancy was
50 highest in the Noosa Shire (68.0%), although both Caloundra and
45 Maroochy Shire both recorded an occupancy rate above the Queensland
40 average (61.8%).
35
30
25
20
Jun Qtr Sep Qtr Dec Qtr Mar Qtr
Source: ABS Survey of Tourist Accommodation
Hotel/Motel Takings from Accommodation
($m)
Sunshine Coast Tourism Region
50 Hotel, motel and serviced apartments with more than 15 rooms/ units took
2001/02 2002/03 2003/04
45 around $39.9 million in accommodation revenue in the March Quarter
40 2004, an increase of 8.8% when compared to the March Quarter 2003.
35
30
25
20
15
10
5
0
Jun Qtr Sep Qtr Dec Qtr Mar Qtr
Source: ABS Survey of Tourist Accommodation
©0, Sunshine Coast Regional Economy, Second Quarter 2004 - 35 -
Section 39
According to R-TAM, the room occupancy
TOURISM rate for serviced flats and apartments in June
2004 strengthened, while average room rates
CALOUNDRA CITY also increased.
Serviced Apartments/Flats & Holiday Units
% Caloundra Tourism Region $
100
Room Occupancy Rate (RHS) Average Room Rate (LHS)
140
The average room occupancy rate for serviced apartments / flats and
90
120 holiday units in the Caloundra Tourism Region was 4.9 percentage points
80
100
higher in June 2004 at 57.7% when compared with June 2003. At the
70
same time, the average room rate was 21.8% higher at $104.11. However,
60
50
80
the average length of stay also strengthened over the year by 0.8 nights to
40
60 3.3 nights in June 2004.
30 40
20
20
10
0 0
Jun-02 Sep-02 Dec-02 Mar-03 Jun-03 Sep-03 Dec-03 Mar-04 Jun-04
Source: RTAM
Hotel/Motel Occupancy Rate
% Sunshine Coast Tourism Region
80
2001/02 2002/03 2003/04
According to the ABS Survey of Tourist Accommodation, there was an
75
70
overall increase in guest nights (up 20.8% in annual terms) spent at hotels
65 and motels (with greater than 15 rooms). Average room occupancy at
60
hotels and motels in Caloundra City in the March Quarter 2004 was
55
50
12.8% points higher than the March Quarter 2003 at 63.9%.
45
40
35
30
25
20
Jun Qtr Sep Qtr Dec Qtr Mar Qtr
Source: ABS Survey of Tourist Accommodation
Hotel/Motel Takings from Accommodation
($'000)
Sunshine Coast Tourism Region
7,000 Overall, hotel/motel establishments in the Caloundra Tourism Region
2001/02 2002/03 2003/04
6,000
recorded $5.4 million in takings in the March Quarter 2004, a 11.8%
increase compared to the level recorded in the March Quarter 2003.
5,000
Takings from accommodation have been significantly higher in annual
4,000 terms in each quarter of the past three years.
3,000
2,000
1,000
0
Jun Qtr Sep Qtr Dec Qtr Mar Qtr
Source: ABS Survey of Tourist Accommodation
©0, Sunshine Coast Regional Economy, Second Quarter 2004 - 36 -
Section 40
Demand for hotel and motel
TOURISM accommodation in the Maroochy Shire
rose in the March Quarter 2004, with
MAROOCHY SHIRE increases in guest arrivals, room
occupancy and takings.
Hotel/Motel Occupancy Rate
% Maroochy Tourism Region Room occupancy for hotel and motel accommodation (with 15 or more
80
75 2001/02 2002/03 2003/04 rooms) in the Maroochy Shire during the March Quarter 2004 was 66.9%.
70 Compared to the corresponding quarter a year previous the result was a
65 1.5 percentage point improvement. The occupancy rate in the Maroochy
60
55
Shire is slightly above the average recorded for the Sunshine Coast
50 Tourism Region, and well above the state average of 61.8%.
45
40
35
30
25
20
Jun Qtr Sep Qtr Dec Qtr Mar Qtr
Average Length of Stay
Nights
Maroochy Tourism Region According to the ABS survey of tourism accommodation, 104,087 guests
4.0
2001/02 2002/03 2003/04
3.8 arrived at hotels or motels in the Maroochy Shire during the March
3.6 Quarter 2004, staying on average 3.7 days. The average length of stay
3.4 recorded by Maroochy Shire accommodation establishments was
3.2 significantly higher than the Queensland average of 2.9 nights, and in line
3.0
with the average Sunshine Coast average of 3.7 nights.
2.8
2.6
2.4
2.2
2.0
Jun Qtr Sep Qtr Dec Qtr Mar Qtr
Hotel/Motel Takings from Accommodation
($'000)
Maroochy Tourism Region With the increase in room occupancy and guest arrivals for hotel and
25,000
2001/02 2002/03 2003/04 motel accommodation establishments in the Maroochy Shire, the total
20,000
level of takings from accommodation rose by 6.5% to $19.1 million in the
March Quarter 2004.
15,000
10,000
5,000
0
Jun Qtr Sep Qtr Dec Qtr Mar Qtr
Source: ABS Survey of Tourist Accommodation
©0, Sunshine Coast Regional Economy, Second Quarter 2004 - 37 -
Section 41
Although the month of June is generally a
TOURISM slower month for the tourism industry in
NOOSA SHIRE Noosa, occupancy and room rates were
generally up compared to June 2003.
Hotel and Motel Occupancy Rates
Annual % Change
Noosa Tourism Region
100
Noosa Hill / Hasting Street
Noosa Sound / Noosaville
Within the Noosa Shire, the highest occupancy rate for the month of June
Noosa Southern Beaches
90
2004 was recorded in Noosa Sound/Noosaville (50.0%), while the
80 Southern Beaches area recorded an occupancy rate of 46.2% and the
Noosa Hill/ Hasting Street area recorded an occupancy rate of 44.2%.
70
Compared to June 2003, both the Southern Beaches area and the Noosa
60 Hill/ Hasting Street area experienced an increase in occupancy rates of 6.0
50
and 6.5 percentage points, respectively.
40
30
Jun-02 Oct-02 Feb-03 Jun-03 Oct-03 Feb-04 Jun-04
Average Room Rate
$
Noosa Tourism Region
275.0
Noosa Hill / Hasting Street The average room rate at hotels, motels, serviced apartments and holiday
Noosa Sound / Noosaville
250.0
Noosa Southern Beaches units in Noosa Hill/Hasting Street increased from $163.38 in June 2003 to
225.0 $186.25 in June 2004, representing an increase of $22.87 per day.
200.0 Average room rates strengthened (up by 10.1%) to $94.73 in the Noosa
175.0 Sound/ Noosaville area, while room rates at accommodation
150.0
establishments in Noosa’s Southern Beaches strengthened by 7.1% from
125.0
June 2003 to $91.18 in June 2004.
100.0
75.0
50.0
Jun-02 Oct-02 Feb-03 Jun-03 Oct-03 Feb-04 Jun-04
Average Length of Stay
Days
Noosa Tourism Region
8 Visitors to Noosa Sound/Noosaville hotels, motels, serviced apartments
Noosa Hill / Hasting Street
Noosa Sound / Noosaville and holiday units stayed for an average 6.5 nights in June 2004, 2.4 nights
Noosa Southern Beaches
7 longer than that recorded in June 2003. Similarly, visitors to
accommodation establishments in Noosa’s Southern Beaches recorded a
6
greater average length in June 2004 (4.7 nights) when compared with June
5
2003 (3.1 nights). However, visitors to Hasting Street/ Noosa Hill
accommodation establishments in June 2004 stayed for 3.8 nights, 0.3
4 nights less compared to June 2003.
3
2
Jun-02 Oct-02 Feb-03 Jun-03 Oct-03 Feb-04 Jun-04
Source: RTAM
Hotel/Motel Takings from Accommodation According to the ABS survey of Tourist Accommodation, hotel and motel
($'000)
20,000
Noosa Tourism Region accommodation establishments in the Noosa Shire generated $15.3
18,000
2001/02 2002/03 2003/04 million worth of receipts during the March Quarter 2004. This result was
16,000 a significant 10.8% higher than that recorded in the March Quarter 2003,
14,000 and meant that the average daily takings per room night available in the
12,000 Shire increased from $99.40 to $110.10 over the year.
10,000
8,000
6,000
4,000
2,000
0
Jun Qtr Sep Qtr Dec Qtr Mar Qtr
Source: ABS Survey of Tourist Accommodation
©0, Sunshine Coast Regional Economy, Second Quarter 2004 - 38 -
Section 42
Passenger activity through the Sunshine
TOURISM Coast Airport was higher in annual terms in
the June Quarter 2004
AIR TRAVEL
Total passenger activity through the Sunshine Coast Airport declined in the June Quarter 2004, but was still
20.5% higher than in the June Quarter 2003.
Total Passengers, March Qtr 2004
Level % change % change
Sunshine Coast Airport
Jun Qtr 04 on Mar Qtr 04 on Jun Qtr 03
Total 103,571 -3.5 20.5
Source: Maroochy Shire Council
Total Airline Passengers
No. ('000s)
Sunshine Coast Airport
140,000
There were 103,571 domestic passengers recorded passing through the
120,000 Sunshine Coast Airport in the June Quarter 2004, a drop of 3.5% from
100,000
the March Quarter 2004. In annual terms, passenger activity through the
Sunshine Coast Airport was 20.5% higher
80,000
.
60,000
40,000
20,000
0
Jun-01 Dec-01 Jun-02 Dec-02 Jun-03 Dec-03 Jun-04
Total Airline Passenger Growth
100
Sunshine Coast Airport Passenger activity has trended higher in annual terms with the
introduction of direct tourism based flights between the Sunshine Coast
80
Airport and other major cities. However, annual growth in passenger
numbers seems to be easing back to more sustainable levels.
Annual % change, quarterly
60
40
20
0
-20
-40
Jun-01 Dec-01 Jun-02 Dec-02 Jun-03 Dec-03 Jun-04
Source: Maroochy Shire Council
©0, Sunshine Coast Regional Economy, Second Quarter 2004 - 39 -
Section 43
TOURISM
WEATHER
Average maximum and minimum temperatures generally fell below long-term averages throughout the
Sunshine Coast in June 2004, while rainfall was well above long-term averages for all centres.
Weather, Sunshine Coast
Maroochydore Tewantin Nambour
Max Min Rainfall Max Min Rainfall Max Min Rainfall
Temp (ºC) Temp (ºC) (mm) Temp (ºC) Temp(ºC) (mm) Temp (ºC) Temp(ºC) (mm)
Jun-03 22.6 13.1 23.0 22.0 11.5 27.6 22.6 10.9 25.0
Jul-03 20.8 11.4 58.2 20.4 9.9 77.2 20.9 8.9 80.2
Aug-03 21.9 12.7 64.2 21.6 11.2 93.6 22.3 9.9 99.4
Sep-03 26.5 14.4 2.8 25.8 12.5 3.0 28.0 12.0 5.2
Oct-03 25.3 16.5 92.0 24.6 15.0 95.4 26.0 13.9 110.0
Nov-03 26.0 17.7 39.0 26.2 16.3 23.2 26.9 14.90 57.8
Dec-03 27.8 21.2 179.0 28.1 20.3 214.8 29.1 19.5 183.6
Jan-04 29.9 22.5 162.6 29.8 22.1 145.8 30.9 21.4 233.4
Feb-04 29.9 22.4 162.6 29.7 21.5 208.4 31.2 20.8 183.8
Mar-04 27.8 21.1 275.6 27.9 20.4 211.8 28.3 19.7 297.6
Apr-04 25.8 18.6 193.2 25.9 17.6 216.8 26.2 16.3 182.7
May-04 23.6 13.6 48.6 22.8 11.6 38.0 23.8 10.8 3.3
Jun-04 22.3 11.6 24.8 21.4 9.2 23.0 22.4 8.0 15.4
Source: Bureau of Meteorology
°C
Average Monthly Maximum Temperatures
34
Sunshine Coast Bureau of Meteorology data shows that Maroochydore’s average daily
Maroochydore Tewantin Nambour
32
maximum temperature in June 2004 of 22.3°C was below the average daily
30
maximum temperature for June 2003, and 0.1°C cooler than the long-term
average for June. Maroochydore’s average daily minimum temperature of
28
11.6°C in June 2004 was 1.5°C cooler than the average daily minimum
26
temperature for June 2003, and 1.0°C warmer than the long-term average
24 for June.
22
20
Tewantin’s average daily maximum temperature in June 2004 of 21.4°C
Jun-03 Aug-03 Oct-03 Dec-03 Feb-04 Apr-04 Jun-04 was 0.6°C cooler than the average daily maximum temperature for June
2003, and was 0.6°C cooler than the long-term average for June.
°C
Average Monthly Minimum Temperatures Tewantin’s average daily minimum temperature of 9.2°C in June 2003 was
Sunshine Coast
24
Maroochydore Tewantin Nambour
2.3°C cooler than the average minimum temperature for June 2003 and
22 1.8°C cooler than the long-term average for June.
20
18 The average daily maximum temperature recorded by Nambour in June
16 2004 of 22.4°C was 0.2°C cooler than the average daily maximum
14 temperature for June 2003, and 0.8°C cooler than the long-term average for
12
June. Nambour’s average daily minimum temperature of 8.0°C was 2.9°C
10
cooler than the average minimum temperature for June 2003, and 1.8°C
8
cooler than the long-term average for June.
Jun-03 Aug-03 Oct-03 Dec-03 Feb-04 Apr-04 Jun-04
Monthly Rainfall
mm
Sunshine Coast
350
Maroochydore
Tewantin
Maroochydore experienced total rainfall of 24.8mm in June 2004, 1.8mm
300
Nambour
more than the total rainfall recorded in June 2003 and 71.5mm below the
250
long-term average for June. Tewantin recorded total rainfall of 23.0mm in
200 June 2004, 4.6mm less than the total rainfall recorded in June 2003 and
150 97.4mm below the long-term average for June. Nambour experienced total
100
rainfall of 15.4mm in June 2004, 9.6mm below the total rainfall recorded in
June 2003, and 72.9mm below the long-term average for June.
50
0
Jun-03 Aug-03 Oct-03 Dec-03 Feb-04 Apr-04 Jun-04
Source: Bureau of Meteorology
©0, Sunshine Coast Regional Economy, Second Quarter 2004 - 40 -
Section 44
TRADE – FEATURE INDUSTRY
BEEF CATTLE INDUSTRY OVERVIEW
Beef cattle sale yard prices are expected to fall in the coming months, although cattle numbers should
increase slightly.
Commodity Outlook
BEEF
2002-03 2003-04 f 2004-05 s
Australia
Australia Saleyard Price (Ac/kg) 256 287 280
Cattle Numbers (million) 23.4 23.3 23.8
Production (kt) 2,073 1,992 1,958
Slaughterings (‘000) 9,228 8,699 8,320
Export Volume (kt) 902 845 828
Note: f-forecast, p-preliminary estimate, z-projection
Source: ABARE Commodities Issues and Forecasts
BEEF
Australian Beef Production & Price
2,400
Production (LHS) Weighted Average Price (RHS)
100 Embargoes on US beef exports should be lifted by the end of October
2,200
125 2004 after the discovery of a single case of BSE (bovine spongiform
150 encephalopathy or ‘mad cow’ disease) in the United States in December
2,000 175 2003. This is expected to have a negative effect on saleyard prices, which
Production (kt)
200 are forecast to fall by 2.4% to 280Ac/kg. The total value of exports is
Price (Ac/kg)
1,800
225 expected to fall by 4.4% to A$3.5 billion.
1,600
250
1,400 275 The Australian cattle herd is forecast to increase by 2.3% to 26.9 million
300 in 2004-05. However, slaughterings are expected to fall 4.4% to 8.3
1,200
325 billion as a result of lower overall cattle numbers, a drought affected calf
1,000 350 crop and the retention of stock to rebuild herd numbers.
1984-85 1988-89 1992-93 1996-97 2000-01 2004-05
Source: ABARE Commodities Forecasts and Issues
©0, Sunshine Coast Regional Economy, Second Quarter 2004 - 41 -
Section 45
EDUCATION
PRIMARY & SECONDARY EDUCATION
PRIMARY & SECONDARY EDUCATION OVERVIEW
Student enrolment trends at Sunshine Coast’s schools indicate a growing trend toward non-government
schooling. Total student enrolments increased in all three shires, with Noosa Shire experiencing the largest
percentage increase in enrolments.
School Enrolments
LGA Pre-School Primary School Secondary School
State Non-State State Non-State State Non-State
2004 % change 2004 % change 2004 % change 2004 % change 2004 % change 2004 % change
on 2003 on 2003 on 2003 on 2003 on 2003 on 2003
Caloundra City 787 -2.6 171 52.7 6,235 0.4 1,018 13.6 4,026 0.5 432 19.0
Maroochy Shire 1,137 -2.7 586 18.2 9,972 -1.4 4,225 8.8 6,384 2.5 4,046 1.2
Noosa Shire 446 -1.6 118 13.5 3,559 0.4 1,044 7.9 2,745 1.3 543 22.0
Source: Education Queensland
Total School Enrolments
Students
Caloundra City
14,000
13,000 State Non-State School enrolments in non-state schools were higher across Caloundra City
12,000 in 2004 when compared with 2003, while state pre-school enrolments
11,000
10,000
declined. Enrolments in non-state pre-schools recorded the most
9,000 significant growth (up by 52.7%) in the past year. Non state enrolments at
8,000
7,000
secondary schools (up by 19.0%) and primary schools (up by 13.6%) also
6,000 recorded strong increases. Overall, the number of children attending
5,000
4,000
school in Caloundra City increased by 2.2% to 12,669 in 2004.
3,000
2,000
1,000
0
1998 1999 2000 2001 2002 2003 2004
Total School Enrolments
Students
Maroochy Shire
28,000
26,000 State Non-State Total student enrolments at schools in Maroochy Shire increased by 1.8%
24,000
to 26,350 in 2004. Non-government enrolments increased in each
22,000
20,000 grouping, while government pre-school and primary school enrolments
18,000 fell. The strongest growth was recorded in non-state preschool
16,000
14,000 enrolments, with student numbers increasing by 18.2% in 2004.
12,000
10,000
8,000
6,000
4,000
2,000
0
1998 1999 2000 2001 2002 2003 2004
Total School Enrolments
Students
Noosa Shire
9,000
8,000
State Non-State
Total school student enrolments in Noosa Shire increased by 2.8% to
7,000
8,455 in 2004. Enrolments in non-state schools increased over the year,
6,000
while state preschool enrolments declined. The most significant growth
5,000
was recorded in non-state secondary schools, up 22.0% to 543 students.
4,000
3,000
2,000
1,000
0
1998 1999 2000 2001 2002 2003 2004
Source: Education Queensland
©0, Sunshine Coast Regional Economy, Second Quarter 2004 - 42 -
Section 46
EDUCATION
HIGHER EDUCATION
HIGHER EDUCATION OVERVIEW
Enrolments at The University of the Sunshine Coast and other Queensland higher education institutions
fell for the first time in more than four years in 2003, with significant falls in IT, Environmental and Non-
award course students.
Higher Education - Enrolments
Enrolments by fields of study University of the Sunshine Coast Total Queensland
2003 % change 2003 % change
on 2002 on 2002
Natural & Physical Sciences 432 -8.5 11,178 -4.4
Information Technology 139 -17.3 7,865 -15.0
Engineering & Related Technologies 0 - 7,981 -6.3
Architecture & Building 0 - 2,430 -3.7
Agriculture, Environmental & Related Studies 223 -12.2 3,538 -12.2
Health 295 10.1 15,381 -2.6
Education 1 - 18,839 -6.9
Management and Commerce 1,272 -6.3 28,306 -11.0
Society & Culture 670 -9.9 27,425 -7.2
Creative Arts 384 -5.2 9,734 -5.6
Food, Hospitality & Personal Services 0 - 0 -
Mixed Field Programmes 0 - 415 -33.4
Non-award courses 49 -34.7 2,493 -20.7
Total Enrolments 3,276 -7.3 125,652 -8.6
Source: DETYA
Higher Education Enrolments
Students
The University of the Sunshine Coast Higher education enrolments at the University of the Sunshine Coast fell
4,000
by 7.3% between 2002 and 2003 to 3,276 enrolments. This decline was
3,500
slightly smaller than the overall decline in total higher education
3,000 enrolments in the State (down by 8.6% when compared to 2002), which
2,500 was the state’s first decline in four years.
2,000
In terms of field of study, health was the only field of study to record
1,500
growth in enrolments in 2003 (up by 10.1%). The most significant decline
1,000
in enrolments in terms of field of study was recorded in non-award
500 courses (down by 34.7%) and information technology (down by 17.3%).
0 These movements were generally in line with statewide movements.
2000 2001 2002 2003
Field of Study Share Compared with the state, more students at the University of the Sunshine
University of the Sunshine Coast Coast (as a proportion of total enrolments) are enrolled in creative arts,
Non-award courses
Mixed Field Programmes
University of the Sunshine Coast Queensland management & commerce, agriculture, environment & related studies,
Food, Hosp. & Personal Serv. and natural & physical sciences fields of study in 2003. By comparison, a
Creative Arts
lower proportion of students are enrolled in society & culture, education,
Society & Culture
Management and Commerce architecture & building, engineering & related technologies and
Education information technology.
Health
Agri, Environ. & Rltd Studies
Architecture and Building
Engineering & Rltd Tech.
Information Technology
The Cooloola Sunshine Institute of TAFE (CSIT) is situated at the
Natural & Physical Sciences Sunshine Coast and has campuses at Nambour, Maroochydore,
0 5 10 15 20 25 30 35 40 Mooloolaba, Noosa, Cooroy and Caloundra. There are over 14,000
%
Source: DETYA
students enrolled at CSIT with key teaching areas including Fashion &
Design, Engineering & Automotive, Hospitality & Tourism Information
and Business Studies.
©0, Sunshine Coast Regional Economy, Second Quarter 2004 - 43 -
Section 47
PRICES, INFLATION &
FINANCIAL MARKETS
OVERVIEW
WAGES AND INFLATION OVERVIEW
Brisbane’s consumer price index (CPI) grew by 3.2% in the year to the June Quarter 2004, exceeding the
national CPI growth rate by 0.7 percentage points. Australian inflation remains well within the RBA target
range of 2-3% annual growth.
Inflation & Wages Indicators
INFLATION (CPI) Index % change % change
Jun-04 on Mar-04 on Jun-03
Brisbane 146.3 0.6 3.2
Australia 144.8 0.5 2.5
WAGES (WCI)
Queensland 123.4 0.4 3.6
Australia 124.3 0.5 3.5
HOUSE BUILDING MATERIALS PRICES
Brisbane 134.6 1.8 3.9
Australia 136.1 1.3 3.0
NON-HOUSE BUILDING MATERIALS PRICES
Brisbane 134.8 3.4 4.7
Australia 130.7 3.0 4.0
Note: 1989/90=100 for CPI, September Quarter 1997=100 for WCI, 1989/90=100 for building materials prices
Source: ABS 6401.0, ABS 6427.0, ABS 6345.0.
FINANCIAL MARKETS OVERVIEW
Both the Australian and US share markets continue to move higher driven by strong consumer confidence
and improving international conditions.
Financial Market Indicators
Level Level
Jun-04 Jun-03
INTEREST RATES
90 day bills 5.50 4.67
10 year bonds 5.87 5.01
SHARES
S&P/ASX 200 All Ordinaries 3,533 3,026
Dow Jones Industrial Average 10,435 8,985
CURRENCIES
$A / Yen 74.82 79.99
$A / $US 0.69 0.67
$A / UK£ 0.38 0.40
$A / Euro 0.57 0.58
TWI 59.1 59.4
Source: RBA, Bloomberg and ComSec
MONETARY POLICY OVERVIEW
Interest rates may rise up to 0.5% through 2004/05 as the Reserve Bank moves to prevent the economy from
overheating.
©0, Sunshine Coast Regional Economy, Second Quarter 2004 - 44 -
Section 48
In the year to the June Quarter 2004,
PRICES, INFLATION & Brisbane recorded an inflation level 0.7
percentage points above the national
FINANCIAL MARKETS average.
WAGES & INFLATION
INFLATION
Consumer Price Index
7.0
Brisbane Australia
6.0
The Australian Consumer Price Index (CPI) climbed by 0.5% in the June
Quarter 2004, to stand 2.5% above that recorded in the June Quarter 2003.
annual % change, quarterly
5.0 Meanwhile, the Brisbane CPI expanded by 0.6% in the June Quarter 2004
4.0
to be 3.2% higher in annual terms.
3.0
2.0
1.0
0.0
Jun-01 Dec-01 Jun-02 Dec-02 Jun-03 Dec-03 Jun-04
Source: ABS 6401.0
Brisbane Wages and Inflation
Brisbane Inflation Index % change % change
Jun-04 on Mar-04 on Jun-03 The largest price increases in the year to the June Quarter 2004 were
recorded in the housing (7.4%), health (7.1%), education (5.4%) and
Food 153.3 -1.5 1.5
Alcohol & Tobacco 217.4 1.0 4.4
alcohol & tobacco (4.4%) price groupings. Recreation (-2.1%), household
Clothing & Footwear 106.2 2.4 -0.1 furnishings (-0.2%) and Clothing & Footwear (-0.1%) were the only price
Housing 132.0 1.2 7.4 groupings to record a decline in prices in annual terms.
Household Furnishings 122.4 0.4 -0.2
Health 203.4 3.2 7.1
Transportation 142.6 1.7 3.9
Communication 113.9 0.4 1.4
Recreation 126.4 -0.4 -2.1
Education 248.9 0.1 5.4
Miscellaneous 196.3 0.5 3.5
All Groups 146.3 0.6 3.2
Note: 1989/90=100 for CPI, September Quarter 1997=100 for WCI
Source: ABS 6401.0
WAGES
The Queensland Wage Cost Index (WCI) increased by 0.4% in the June
Wage Cost Index Quarter 2003, to be 3.6% higher when compared to a year earlier.
4.5
Queensland Australia
Similarly, the Australian WCI rose by 0.5% in the quarter to be 3.5%
higher than in the June Quarter 2003.
4.0
annual % change, quarterly
3.5
3.0
2.5
Jun-01 Dec-01 Jun-02 Dec-02 Jun-03 Dec-03 Jun-04
Source: ABS 6345.0
©0, Sunshine Coast Regional Economy, Second Quarter 2004 - 45 -
The text continues on section 49.