Bi-Annual Economic Analysis
CITY OF LOGAN BI-ANNUAL ECONOMIC ANALYSIS July 2019 Issue KEY ECONOMIC INDICATORS Logan City Council collects In terms of overall economic performance 3.9% % key economic statistics and and improvement, the City of Logan 3.4 information to measure how recorded an increase of 3.9% in Gross the city is performing. This Regional Product (GRP) to $11.77 billion, information has been compiled for the 2017/18 period. The into the Bi-annual Economic number of new Australian Business Gross Regional Product (GRP) $11.77b Analysis Report, July 2019 Numbers (ABN) being registered in Businesses* 21,987 issue. The most recently Logan is typically around 500+ per (NIEIR JUN 18) (NIEIR 2018) released data is presented month, with a net increase of 6,588 *Businesses in Logan registered for GST in this report, but may refer ABN’s in the 2018/19 financial year. to different time periods % depending on the frequency 7.8 of the data collected by the % 6.2 % relevant agency. 1.9% 0.7 Population 326,615 Jobs 115,575 Labour force 162,296 Unemployment 7.49% (ABS ERP 2018) (ABS MAR 19 QTR) (ABS (NIEIR MAR 19 QTR) 2018) WORKFORCE AND JOBS Emerging industries include: An analysis of the output by industry sectors in the City of Logan in 2017/18 Heath Care and shows the three largest industries were: Social Assistance $1.4 billion Construction (+$471 million over 5 years) $3.1 billion 14.3% 59.5% Public Administration and Safety Rental, Hiring $954 million and Real Estate 13.2% (+$211 million over 5 years) Services $2.87 billion Professional, Scientific and 13.0% Technical Services $1.05 billion Manufacturing (+$211 million over 5 years) $2.82 billion HOUSING MARKET Median sales price of dwellings PROJECT UPDATES (Annual figures, June 2018/19) The housing market in Logan • The Palaszczuk Government, Logan remained strong with a 1.3 per City Council and nine key developers cent increase in the value of 1.3% have signed a landmark agreement sales and a slight drop in house to deliver $1.2 billion of essential sales volume to 3,219 sales.
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