SunshineCoastRegionalReport2ndQtr2004

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-