MACKAY ECONOMIC PROFILE DISCLAIMER All figures and data presented in this document are based on data sourced from the Australian Bureau of Statistics (ABS), and other government agencies. Using ABS datasets, the regional economic modelling software ‘REMPLAN Economy’, has been applied to generate industrial economic data estimates. This document is provided in good faith with every effort made to provide accurate data and apply comprehensive knowledge. However, REMPLAN does not guarantee the accuracy of data nor the conclusions drawn from this information.
Economic Development Department (07) 5689 1499 / (03) 5444 4788 1300 MACKAY (622 529) www.remplan.com.au [email protected] www.mackay.qld.gov.au
OVERVIEW EMPLOYMENT
DEMOGRAPHICS INDUSTRY HOUSING TRENDS
TOURISM SUMMARY
02
The region’s expanding employment, investment and development opportunities, buoyant economy and lifestyle attributes are just some of the many positive aspects that encourage people to live, work and play in the Mackay region. The Mackay Regional Local Government Area is one of the fastest- growing in Queensland, with a population of over 120,000. The region’s growth is fuelled by strong activity in the resources sector, resurgence in agribusiness, and growth in construction, logistics and tourism. The Mackay region is the gateway to the rich coal deposits in the Bowen and Galilee Basins. It is one of the largest sugar-producing regions in Australia and hosts much of the engineering, manufacturing and mining services industries supporting the wider Mackay- Isaac-Whitsunday economy. Only an hour’s flight from Brisbane, the Mackay region boasts an enviable lifestyle and a buoyant economy with the benefits of a fast-growing coastal city. Its coastal location is complemented by its spectacular natural environment. This includes 31 beaches, a picturesque blue river and a pristine rainforest hinterland. This website presents economic and demographic data for the Mackay region. For further information on the Mackay region, please contact the Mackay Regional Council’s Economic Development team – phone: 1300 Mackay (622 529) or (07) 4961 9444.
The industry sectors which are the key drivers of the Mackay region’s economy in terms of regional exports, employment, value-added and local expenditure on goods and services (backward linkages) are recognised as key propulsive industries. At the 114 industry sector level, the industry sectors which ‘ranked’ in the top 10 in terms of regional exports, employment, value- added and local expenditure on goods and services (backward linkages) are: Mackay Region Construction Services > Heavy & Civil Engineering Construction GRP - $6.962b > Wholesale Trade Population – 123,724 > Pre-School, Primary, Secondary & Special Education Strong population growth forecast, heading towards 200,000 over the coming decades Professional, Scientific & Technical Services > Gateway to the Bowen and Galilee Basins Sugar & Confectionery Manufactiring > Located an hour’s flight to Brisbane Health Care Services > Great Barrier Reef located just off shore Retail Trade Coal Mining Agriculture, Forestry & Fishing Support Services
Mackay Economic Profile | June 2016 The estimated resident population in the Mackay region as at June 30, 2015 was 123,724 people. Between 2005 and 2015 the Mackay region (estimated resident) population increased by 23,823 people (23.9%), with an average annual compound population growth of 2.16% between 2005 and 2015.
120,000
100,000
80,000
60,000 106,026 108,644 111,455 113,669 115,960 119,162 121,768 123,335 123,724 40,000 99,901 103,567
20,000
0 2005 2006 2007 2008 2009 2010 2011 2012r 2013r 2014r 2015p #
Between 2005 and 2015, the population of the Mackay region increased by 23,823 people.
Between 2005 and 2015, the population of the Mackay region increased by 23,823 people. The majority of population increase during this time occurred in Eimeo-Rural View, which increased by 5,147 people, an annual average increase of 5.8%. Pioneer Valley (3,309) and Mount Pleasant – Glenella (2,909) experienced the next highest levels of population increase over the 10 year period. Eimeo-Rural View and Pioneer Valley experienced the highest rates of growth, followed by Ooralea-Bakers Creek and Mackay Harbour.
Population (ERP June 30) Population Change (Ann. Avg)
Statistical Area Level 2 2005 2010 2015 05-10 10-15 05-15
Andergrove - Beaconsfield 13,861 14,743 15,910 1.2% 1.5% 1.4% East Mackay 3,674 3,767 3,904 0.5% 0.7% 0.6% Eimeo - Rural View 6,865 9,632 12,012 7.0% 4.5% 5.8% Eungella Hinterland 0 0 4 0.0% 0.0% 0.0% Mackay 3,787 4,106 4,397 1.6% 1.4% 1.5% Mackay Harbour 350 536 538 8.9% 0.1% 4.4% Mount Pleasant - Glenella 8,838 10,874 11,747 4.2% 1.6% 2.9% North Mackay 6,323 6,934 7,143 1.9% 0.6% 1.2% Ooralea - Bakers Creek 3,159 3,907 4,986 4.3% 5.0% 4.7% Pioneer Valley 5,133 6,902 8,442 6.1% 4.1% 5.1% Sarina 10,660 11,690 12,256 1.9% 1.0% 1.4% Seaforth - Calen 7,834 8,519 8,630 1.7% 0.3% 1.0% Shoal Point - Bucasia 4,389 5,291 6,014 3.8% 2.6% 3.2% Slade Point 3,905 3,998 4,022 0.5% 0.1% 0.3% South Mackay 7,189 7,557 7,839 1.0% 0.7% 0.9% Walkerston - Eton 7,600 8,528 8,937 2.3% 0.9% 1.6% West Mackay 6,334 6,685 6,943 1.1% 0.8% 0.9% Mackay Region 99,901 113,669 123,724 2.6% 1.7% 2.2%
Source: ABS, Estimated Resident Population, 3218.0, Table 3.
Mackay Economic Profile | June 2016 Queensland Government population projections, 2015 edition (medium series) were released in April 2016. Between 2016 and 2036, the population of the Mackay region is projected to increase by 44,943 people. The average annual projected population growth between 2016 and 2036 of 1.5% is lower than the average growth rates experienced over the previous 10 years (2.2%). Apart from Eungella Hinterland (which has a large increase from a small population base), between 2016 and 2036, the highest growth is projected for Ooralea – Bakers Creek (3.5%) which is projected to increase by approximately 4,956 people from 2016 to 2036.
POPULATION PROJECTIONS – MACKAY (R) Avg Annual Change Statistical Area Level 2 2016 2021 2026 2031 2036 2016-2026 2026-2036
Andergrove - Beaconsfield 16,298 17,680 18,447 19,666 21,548 1.2% 1.6% East Mackay 3,900 4,110 4,397 4,576 4,628 1.2% 0.5% Eimeo - Rural View 12,297 14,950 17,648 19,765 22,853 3.7% 2.6% Eungella Hinterland 3 5 8 13 19 10.3% 9.0% Mackay 4,463 4,717 5,122 5,832 6,213 1.4% 1.9% Mackay Harbour 539 549 589 669 687 0.9% 1.6% Mount Pleasant - Glenella 12,030 12,753 13,800 14,807 15,516 1.4% 1.2% North Mackay 7,341 7,468 7,687 8,012 8,145 0.5% 0.6% Ooralea - Bakers Creek 5,090 6,084 7,246 8,732 10,046 3.6% 3.3% Pioneer Valley 8,737 9,403 10,432 11,635 13,965 1.8% 3.0% Sarina 12,615 13,000 13,984 15,131 15,775 1.0% 1.2% Seaforth - Calen 8,738 8,924 9,333 9,790 10,119 0.7% 0.8% Shoal Point - Bucasia 6,202 6,834 7,827 9,220 10,390 2.4% 2.9% Slade Point 4,049 4,126 4,284 4,428 4,540 0.6% 0.6% South Mackay 7,943 8,082 8,180 8,307 8,411 0.3% 0.3% Walkerston - Eton 9,188 9,429 9,742 10,135 10,480 0.6% 0.7% West Mackay 6,940 7,196 7,542 7,746 7,978 0.8% 0.6% Mackay Region 126,373 135,310 146,268 158,464 171,313 1.5% 1.6%
Source: Queensland Government population projections 2015 edition; (medium series), by Statistical Area 2 (SA2), SA3 and SA4 Queensland, 2011 to 2036.
POPULATION PROJECTIONS BY AGE COHORT – MACKAY (R) 0-14 15-29 30-49 50-64 65-79 80+ Total
2016 26,818 25,352 36,077 23,537 11,300 3,286 126,370 2021 28,825 25,717 38,263 25,161 13,501 3,845 135,312 2026 30,560 27,672 41,067 26,202 15,987 4,782 146,269 2031 32,507 29,985 44,335 27,432 18,027 6,178 158,464 2036 34,727 32,289 46,967 29,803 19,773 7,754 171,313 2016-2036 7,909 6,937 10,890 6,266 8,473 4,468 44,943 2016 2026 2036
50,000
40,000
30,000 19,773 20,000 15,987 11,300 26,818 30,560 34,727 25,352 27,672 32,289 36,077 41,067 46,967 23,537 26,202 29,830 10,000 7,754 4,782 3,286 0 0-14 15-29 30-49 50-64 65-79 80+
From 2016 to 2036, the Mackay LGA is projected to be the 9th largest growing LGA from a total of 78 LGAs in Queensland.
2016 - 2026 2026 - 2036 180,000
160,000
140,000
120,000
100,000
80,000
60,000 46,721 42,514 73,241 86,055 40,000 135,753 168,230 109,953 178,584 128,380 128,488 97,079 89,337 72,543 106,068 33,572 30,501 25,044 20,714 19,899 20,000 19,143
0 Gold Coast Ipswich Brisbane Logan Moreton Sunshine Townsville Cairns Mackay Toowoomba Bay Coast
Mackay Economic Profile | June 2016 RESIDENT 0 to 4 1,216 DEMOGRAPHIC 5 to 9 312
OVERVIEW (2011 10 to 96 CENSUS) AGE 15 to 764
Analysis of the community profile of the Mackay 20 to 932 region in 2011 compared to the Mackay Statistical Division (SD) (Mackay Statistical Area 4 (SA4), 25 to 2,501 comprising the Mackay, Isaac and Whitsunday LGAs) shows that the age structures are in line with 35 to 1,401 one another. 50 to Overall, 21.2% of the population was aged between 2,241 0 and 14, and 15.7% was aged 60 years and over, 60 to 1,627 compared with 21.3% and 15.0%, respectively for the Mackay SD. 70 to 532 The major differences between the age structure of the Mackay region and the Mackay 85 163 SD were: 0 500 1,000 1,500 2,000 2,500 3,000 > A larger percentage of 15 to 19 year olds (6.9% compared to 6.4%); Number of people > A smaller percentage of 25 to 34 year olds Change in population - 2006 - 2011 (13.9% compared to 14.7%), and; > A larger percentage of 70 to 84 year olds (6.0% compared to 5.6%). 0 to 4 7.21% 7.45% 6.89% 5 to 9 7.00% 7.14% 10 to Between 2006 and 2011, the population 6.86% increased by 11,785 people (11.7%). The largest 6.87% 15 to changes in age structure in this area between 6.40% 6.45% 2006 and 2011 were in the age groups: 20 to 6.54% > 25 to 34 (+2,501 persons); 13.94% 25 to > 50 to 59 (+2,241 persons); 14.69% > 60 to 69 (+1,627 persons); 35 to 22.45% and 22.65% > 35 to 49 (+1,401 persons). 50 to 13.37% 13.40%
60 to 8.52% 8.42%
70 to 6.03% 5.55% 1.14% 85+ 1.02%
0 5 10 15 20 25
Proportion of population (%) Mackay Region Mackay SD Analysis of the qualifications of the population in the Mackay region in 2011 compared to the Mackay SD shows that these are in line with one another. Overall, 31.3% of the population held educational qualifications, and 59.4% had no qualifications, compared with 30.9% and 58.8%, respectively for the Mackay SD. The largest changes in the qualifications of the population of the Mackay region between 2006 and 2011 were in those with: Vocational qualifications (+5,443 persons); No qualifications (+3,465 persons); and Bachelor or higher degrees (+1,902 persons).
Advanced Advanced 5.01% 1,463 Diploma or 5.00% Diploma or
Bachelor or 6.61% Bachelor or 1,902 Higher Degree 6.50% Higher Degree 19.62% Vocational Vocational 5,443 19.40% 59.46% No Qualification No Qualification 3,465 58.80% 9.31% Not stated Not stated -491 10.30%
0 10 20 30 40 50 60 -1,000 1,000 3,000 5,000 7,000 Number of people Proportion of population (%) Change in population - 2006 - 2011 Mackay Region Mackay SD
Negative / Nil 6.99% 6.86% 6.41% $1-$199 6.24% 7.74% $200-$299 Analysis of individual income levels in the 7.41% Mackay region in 2011 compared to the 8.16% $300-$399 Mackay SD shows that there was a lower 7.87% 10.60% proportion of persons earning a high income $400-$599 (those earning $1,500 per week or more) 10.57% 9.85% and a higher proportion of low income $600-$799 persons (those earning less than $400 per 10.00% 8.12% week). $800-$999 7.97% Overall, 18.1% of the population earned 7.92% $1,000-$1,249 a high income, and 29.3% earned a low 7.59% income, compared with 18.5% and 28.4%, 6.28% $1,250-$1,499 respectively for the Mackay SD. 5.81% 8.44% $1,500-$1,999 7.97% 9.63% $2,000 or 10.55% 9.87% Not stated 11.15%
0 2 4 6 8 10 12 Proportion of population (%) Mackay Region Mackay SD
Mackay Economic Profile | June 2016 Analysis of the family types in the Mackay region in 2011 compared to the Mackay SD shows that there was a higher proportion of one parent and other families. Overall, 13.2% of families were one parent families, and 1.4% were other families, compared with 12.7% and 1.2%, respectively for the Mackay SD. There was an increase of 7,845 families in the Mackay region between 2006 and 2011, the largest changes were: > Couple families with children (+3,413 families); and > Couple families with no children (+3,319 families).
Couple family 46.36% Couple family 3,413 with children 46.14% with children Couple family 39.06% Couple family 3,319 with no 39.89% with no One parent 13.23% One parent 964 family 12.74% family 1.35% Other family Other family 1.24% 149
0 10 20 30 40 50 0 1,000 2,000 3,000 4,000
Proportion of FAMILIES (%) Number of families Mackay Region Mackay SD Analysis of the dwellings in the Mackay region in Fully owned 29.32% 2011 compared to the Mackay SD shows that there 28.34% was a larger proportion of dwellings owned outright Mortgage 35.10% or are being paid off and a smaller proportion which 30.03% were rented. 27.33% Renting 31.09% Overall, 29.3% of Mackay’s dwellings are owned 2.53% Other tenure outright; 35.1% owned with a mortgage, and 27.3% 3.46% being rented, compared with 28.3%, 30.0% and 5.73% Not stated 31.1%, respectively for the Mackay SD. 7.08%
The largest changes in dwelling tenure categories 0 5 10 15 20 25 30 35 for the dwellings in the Mackay region between 2006 and 2011 were: Proportion of DWELLINGS (%) Mackay Region Mackay SD > Mortgage (+2,368 dwellings); > Renting (+1,819 dwellings); and > Fully owned (+281 households).
82.72% In 2011, there were 37,684 Separate house 78.75% separate houses in the Flat, unit or 8.33% Mackay Region, 3,793 flats, apartment 9.48% units or apartments and Semi-detached, row or 5.10% 2,324 semi-detached / terrace house, townhouse 5.66% terrace / townhouses. 3.70% Other dwelling 5.92% 0.15% Not stated 0.20%
0 10 20 30 40 50 60 70 80
Proportion of DWELLINGS (%) Mackay Region Mackay SD
Analysis of the types of dwellings in the Mackay region in 2011 compared to the Mackay SD shows that 82.7% were separate houses, 8.3% were flats, units or apartments and 5.1% were semi-detached / terrace / townhouses, compared with 78.8%, 9.5% and 5.7%, respectively in the Mackay SD. There was an increase of 4,931 dwellings in the Mackay region between 2006 and 2011. The largest changes in the type of dwellings were: > Separate house (+4,697 dwellings); and > Semi-detached / terrace / townhouse (+468 dwellings).
Mackay Economic Profile | June 2016 Socio Economic Indexes for Areas (SEIFA) is a suite of indexes that have been created by the Australian Bureau of Statistics (ABS) from social and economic Census information. 1,018 Most disadvantaged Least disadvantaged
121 1,000 1,193 Mackay Each index ranks geographic areas across Australia in terms of their relative socio-economic advantage and disadvantage. This report presents information from the Index of Relative Socio- economic Disadvantage (IRSD), a general socio-economic index that summarises a range of information about the economic and social conditions of people and households within an area. This index includes only measures of relative disadvantage. #
SEIFA DISADVANTAGE
National National National 2011 Suburbs Score 2011 Suburbs Score 2011 Suburbs Score Rank Rank Rank
Paget SSC 31284 907 1,033/8,248 Beaconsfield (QLD) SSC 30123 999 3,697/8,248 Campwin Beach SSC 30308 1,046 5,913/8,248
Midge Point SSC 31053 916 1,165/8,248 Hay Point SSC 30737 999 3,704/8,248 Walkerston SSC 31712 1,046 5,919/8,248
Bloomsbury SSC 30182 927 1,388/8,248 Te Kowai SSC 31593 1,004 3,924/8,248 Mt Pleasant (Mky-Qld) SSC 31158 1,051 6,126/8,248
Finch Hatton SSC 30607 929 1,428/8,248 East Mackay SSC 30540 1,006 4,008/8,248 Sarina Beach SSC 31455 1,051 6,128/8,248
Eungella SSC 30587 936 1,586/8,248 Armstrong Beach SSC 30055 1,007 4,054/8,248 Alexandra SSC 30018 1,055 6,302/8,248
Mackay SSC 30988 943 1,773/8,248 Balberra SSC 30084 1,009 4,140/8,248 Dumbleton SSC 30517 1,055 6,304/8,248
Calen SSC 30293 946 1,857/8,248 Alligator Creek (Mky-Qld) SSC 30025 1,010 4,192/8,248 Pleystowe SSC 31337 1,055 6,311/8,248
Seaforth (Qld) SSC 31462 965 2,420/8,248 Pinnacle (Qld) SSC 31330 1,010 4,202/8,248 Mackay Harbour SSC 39089 1,056 6,348/8,248
Bakers Creek (Qld) SSC 30083 968 2,517/8,248 Kuttabul SSC 30916 1,011 4,246/8,248 Victoria Plains SSC 31702 1,064 6,692/8,248
Sarina SSC 31454 968 2,523/8,248 Homebush (Qld) SSC 30770 1,014 4,381/8,248 Eimeo SSC 30556 1,065 6,735/8,248
Laguna Quays SSC 30921 973 2,690/8,248 Palmyra (Qld) SSC 31294 1,018 4,590/8,248 Marian SSC 31016 1,067 6,811/8,248
Koumala SSC 30903 980 2,924/8,248 Mackay (R) 1,018 432/564 Ooralea SSC 31269 1,073 7,039/8,248
South Mackay SSC 31500 980 2,929/8,248 Andergrove SSC 30039 1,019 4,628/8,248 Balnagowan SSC 30093 1,074 7,079/8,248
St Helens Beach SSC 31527 982 3,000/8,248 Freshwater Point SSC 30630 1,020 4,677/8,248 Habana SSC 30719 1,076 7,134/8,248
Ball Bay SSC 30088 983 3,034/8,248 Hampden (Qld) SSC 30726 1,020 4,680/8,248 The Leap SSC 31615 1,076 7,138/8,248
Norht Mackay SSC 31244 985 3,117/8,248 Munbura SSC 31181 1,020 4,687/8,248 Shoal Point SSC 31476 1,078 7,206/8,248
Mount Martin SSC 31244 986 3,151/8,248 North Eton SSC 31240 1,020 4,688/8,248 Blacks Beach SSC 30175 1,082 7,321/8,248
Yalboroo SSC 31834 987 3,190/8,248 Dunnrock SSC 30523 1,021 4,722/8,248 Erakala SSC 30574 1,083 7,356/8,248
Sarina Range SSC 31456 989 3,279/8,248 Mount Jukes SSC 31135 1,025 4,901/8,248 Rural View SSC 31442 1,084 7,391/8,248
Slade Point SSC 31485 989 3,281/8,248 Sandiford SSC 31451 1,028 5,034/8,248 Greenmount (Mky-Qld) SSC 30702 1,088 7,522/8,248
Gargett SSC 30634 991 3,358/8,248 McEwens Beach SSC 31029 1,031 5,190/8,248 Glenella SSC 30663 1,091 7,608/8,248
Mount Pelion SSC 31156 995 3,515/8,248 Racecourse SSC 31368 1,032 5,238/8,248 Richmond (Mky-Qld) SSC 31397 1,104 7,899/8,248
Mirani SSC 31069 997 3,615/8,248 Grasstree Beach SSC 30698 1,036 5,451/8,248 Dolphin Heads SSC 30500 1,108 7,949/8,248
Eton SSC 30579 998 3,659/8,248 Oakenden SSC 31261 1,037 5,505/8,248 Coral Sea (Gladstone-Qld) SSC 30429 No score
Mount Ossa SSC 31155 998 3,662/8,248 Farleigh SSC 30598 1,044 5,816/8,248 Crediton SSC 30445 No score
West Mackay SSC 31750 998 3,665/8,248 Bucasia SSC 30250 1,045 5,854/8,248 Cremorne SSC 30446 No score
The local government area of Mackay achieved a score of 1,018 and ranked 432 out of 564 local government areas with SEIFA scores in Australia. This implies there are 132 local government areas less disadvantaged and 431 local government areas more disadvantaged. Of 78 suburbs located within Mackay, the least disadvantaged suburb was Dolphin Heads (1,108) followed by Richmond (Mackay – QLD) (1,104). The most disadvantaged suburb was Paget at a score of 901. Mackay’s least disadvantaged suburbs appear concentrated in the centre of the local government area.
Mackay Economic Profile | June 2016
The following graphs illustrate the profile of employed people whose place of work is located within the Mackay region, which includes residents and non- residents.
EMPLOYMENT
The total employment estimate for the Mackay Compared to the Mackay SD and State averages, region as at the 2011 Census was 44,770 jobs. The the Mackay region has a comparable representation ‘Retail Trade’ industry sector comprised 5,234 jobs; across all occupations, with a higher representation followed by ‘Manufacturing’ (4,842 jobs) and ‘Health of ‘Technicians and Trades Workers’ and a smaller Care and Social Assistance’ (4,596 jobs). proportion of ‘Professionals’.
Retail 5,234 Trade 11.65% 4,842 Manufacturing Managers 11.33% Health Care and 12.16% 4,596 Social Assistance 15.08% 4,129 Construction Professionals 12.87% 19.26% Transport, Postal 3,242 and Warehousing Technicians 19.28% 3,075 Education and Training and Trade 20.36% Workers 14.95% Accommodation and 2,940 Food Services Community 7.95% and Personal 7.20% 2,661 Other Services Service 10.10% 2,519 Professional, Scientific and Technical Clerical 15.40% and Admin 12.44% 2,352 Wholesale Trade Workers 14.82%
2,090 Public Administration and Safety 9.84% Sales 7.95% Workers 1,698 Mining 9.92% 9.26% 1,551 Agriculture, Forestry and Fishing Machinery Operators 16.01% 1,066 Administrative and Support Services and Drivers 7.29% 10.60% 977 Rental, Hiring and Real Estate Services Labourers 10.93% 10.46% 744 Financial and Insurance Services Not stated - 0.93% 451 Electricity, Gas, Water and Waste Services Inadequately 0.92% described 1.05% 328 Information Media and Telecommunications 0 5 10 15 20 25 275 Arts and Recreational Services Proportion of WORKFORCE (%) 0 1,000 2,000 3,000 4,000 5,000 6,000 Work in Mackay (R) Work in Mackay (SD) JOBS Work in Queensland (State)
Mackay Economic Profile | June 2016 8.28% 15 - 19 6.80% 6.58% 9.75% 20 - 24 9.33% 9.81% The workforce age profile for the Mackay region shows a lower proportion of workers in the younger 19.71% age groups (20-44 years) compared to the Mackay 25 - 34 21.32% 21.20% SD and State benchmarks. 22.33% 35 - 44 23.22% 23.15% 23.67% 45 - 54 23.42% 22.19% 13.61% 55 - 64 13.37% 14.07% 2.35% 65 - 74 2.26% 2.70% 0.29% 75 - 84 0.26% 0.27% 0.02% Over 0.01% 0.03%
0 5 10 15 20 25
Proportion of WORKFORCE (%) Work in Mackay (R) Work in Mackay (SD) # Work in Queensland (State) Between the 2006 and 2011 Census periods, there was a net increase of 5,158 jobs in the Mackay region, building on the 39,612 jobs in 2006.
TOTAL - 5,158
928 Health Care & Social Assistance Of the 44,770 jobs in the Mackay region, 42,879 (95.8%) reside in the Mackay region. Over 97% of 655 Transport, Postal and Warehousing the workforce uses the following methods of travel to work in the Mackay region. 637 Mining Approximately 77.5% of workers travel by car 626 Construction (either as driver or passenger), 4.7% worked at 604 Other Services home and 3.1% walked.
519 Professional, Scientific and Technical
422 Manufacturing
274 Public Administration and Safety 30,988 (One method) Car, as driver 244 Wholesale Trade 4,256 Did not go to work 232 Administrative and Support Services 3,239 (One method) Car, as passenger 193 Education and Training 2,098 Worked at home 148 Rental, Hiring and Real Estate Services 1,465 (One method) Walked only 106 Accommodation and Food Services 555 (One method) Bicycle 55 Retail Trade 466 (One method) Truck 18 Electricity, Gas, Water and Waste Services 433 (One method) Other 11 Arts and Recreational Services 387 (One method) Motorbike/scooter -19 Information Media and Telecommunications 379 Method of travel not stated -102 Financial and Insurance Services 296 (One method) Bus -393 Agriculture, Forestry and Fishing 206 (Two methods) Car and Other
-1,000 0 1,000 2,000 3,000 4,000 5,000 0 5,000 15,000 25,000 35,000
JOBS JOBS
Mackay Economic Profile | June 2016
GRP is the total value of final goods and services produced in the region over the period of one year. This includes exports but subtracts imports. GRP can be measured by adding up all forms of final expenditure. These include: > consumption by households > consumption by governments > additions or increases to assets (minus disposals) > exports (minus imports)
$8,000 $64,000
The Gross Regional Product for $7,000 $62,000 Mackay (R) was calculated using the Expenditure method $6,000 $60,000
$5,000 $58,000 $4,000 $56,000 GRP ($ m ) $3,000
$54,000 CapitaPer ($’000) $2,000
$1,000 $52,000 $5,573.63 $6,112.74 $6,541.19 $6,624.33 $6,756.17 $6,961.66
$0.00 $50,000 2010 2011 2012 2013 2014 2015
Gross Regional Product Per Capita GRP ($’000)
The regional gross product for 2015 was $6.962 billion. This represents 46.1% of Mackay SD gross regional product and 2.3% of Queensland’s gross product. For the last five years, Mackay has experienced positive growth in GRP and mostly positive growth in gross regional product per capita increasing from $55,176 in 2010 to $61,718 in 2015.
Value Regional Regional GRP Output Added Exports Imports ($M) ($M) ($M) ($M) ($M)
Mackay Region $6,961.66 - $15,199.75 - $6,476.42 - $4,700.33 - $3,814.89 - Mackay SD $15,087.00 46.1% $33,964.87 44.8% $14,346.21 45.1% $16,313.41 28.8% $10,506.03 36.3% Queensland $305,354.00 2.3% $644,289.94 2.4% $286, 097.26 2.3% $103,581.63 4.5% $104,681.79 3.6%
Mackay Economic Profile | June 2016 Value-added data represents the marginal economic value that is added by each industry sector in a defined region. Value-added can be calculated by subtracting local expenditure and expenditure on regional imports from the output generated by an industry sector, or alternatively, by adding the Wages & Salaries paid to local employees, the gross operating surplus and taxes on products and production. Value-added by industry sector is Output data represents the gross revenue the major element in the calculation of Gross generated by businesses / organisations in each of Regional Product. the industry sectors in a defined region. The total value-added by the Mackay regional The output generated by the Mackay regional economy is estimated at $6.476 billion. ‘Rental, economy is estimated at $15.200 billion. Hiring & Real Estate Services’ contributes ‘Manufacturing’ accounts for $3.501 billion followed the highest value-added ($965.250 million), by ‘Construction’ ($2.101 billion) and ‘Rental, Hiring followed by ‘Construction’ ($653.463 million) and & Real Estate Services’ ($1.508 billion). ‘Manufacturing’ ($646.432 million).
$3,500.635 Manufacturing $965.250 Rental, Hiring & Real Estate Services
$2,101.160 Construction $653.463 Construction
$1,507.866 Rental, Hiring & Real Estate Services $646.432 Manufacturing
$1,139.148 Mining $510.411 Mining
$1,106.618 Transport, Postal and Warehousing $499.537 Transport, Postal & Warehousing
$828.666 Wholesale Trade $403.222 Wholesale Trade
$642.698 Professional, Scientific and Technical $377.115 Health Care & Social Assistance
$589.797 Retail Trade $349.434 Retail Trade
$492.725 Health Care and Social Assistance $317.201 Professional, Scientific and Technical
$437.553 Agriculture, Forestry and Fishing $270.460 Financial and Insurance Services
$419.411 Public Administration and Safety $266.766 Education and Training
$416.987 Financial and Insurance Services $238.309 Public Administration and Safety
$405.986 Accommodation and Food Services $213.199 Agriculture, Forestry and Fishing
$380.517 Electricity, Gas, Water & Waste Services $181.953 Accommodation and Food Services
$363.933 Other Services $173.273 Other Services
$351.946 Education and Training $161.993 Electricity, Gas, Water & Waste Services
$301.453 Administrative and Support Services $159.952 Administrative and Support Services
$167.278 Information Media & Telecommunications $71.365 Information Media & Telecommunications
$45.368 Arts and Recreational Services $17.086 Arts and Recreational Services
0 1,000 2,000 3,000 4,000 0 200 400 600 800 1,000
OUTPUT ($M) VALUE-ADDED ($M) Local Expenditure data represents the value of Regional Exports data represents the value of intermediate goods and services purchased by goods and services exported outside of the region local industry sectors within the region. A high level that have been generated by industry sectors within of local expenditure on intermediate goods and the region. The graph on the bottom depicts the services proportionate to total output is indicative contribution to total regional exports generated by of well-developed local supply chains and also that each of the industry sectors ranked from highest to any expansion in this sector would typically deliver lowest. broad based benefits for the region’s economy. The total regional export estimate for the Mackay The total local expenditure estimate for Mackay region is $4.700 billion. The ‘Manufacturing’ sector is $4.908 billion. The ‘Construction’ sector has has the highest level of regional exports of $1.912 the highest level of local expenditure, purchasing billion, followed by ‘Mining’ ($958.406 million). $1.082 billion on locally sourced goods and and ‘Transport, Postal & Warehousing’ ($485.935 services. million).
$1,082.493 Construction $1,911.800 Manufacturing
$972.873 Manufacturing $958.406 Mining
$435.387 Mining $485.935 Transport, Postal and Warehousing
$406.687 Transport, Postal and Warehousing $318.238 Construction
$318.370 Rental, Hiring & Real Estate Services $240.961 Wholesale Trade
$274.477 Wholesale Trade $194.791 Rental, Hiring & Real Estate Services
$202.455 Professional, Scientific and Technical $178.149 Agriculture, Forestry and Fishing
$182.067 Electricity, Gas, Water & Waste Services $145.270 Other Services
$160.234 Retail Trade $91.523 Accommodation and Food Services
$154.937 Agriculture, Forestry and Fishing $62.916 Electricity, Gas, Water & Waste Services
$140.167 Other Services $28.538 Administrative and Support Services
$113.294 Public Administration and Safety $25.793 Professional, Scientific and Technical
$105.208 Accommodation and Food Services $20.318 Retail Trade
$88.592 Administrative and Support Services $18.210 Education and Training
$83.446 Financial and Insurance Services $5.878 Financial and Insurance Services
$74.043 Health Care and Social Assistance $5.579 Health Care and Social Assistance
$52.164 Education and Training $5.472 Information Media & Telecommunications
$45.223 Information Media & Telecommunications $1.343 Public Administration and Safety
$16.318 Arts and Recreational Services $1.209 Arts and Recreational Services
0 200 400 600 800 1,000 1,200 0 500 1,000 1,500 2,000 2,500
LOCAL EXPENDITURE ($M) REGIONAL EXPORTS ($M)
Mackay Economic Profile | June 2016 Regional Imports data represents the value of The difference between Regional Exports and goods and services imported from outside of the Regional Imports represents a net value attributable region. Imports are necessary for many reasons to the local economy which positively influences and the following graph depicts the value of sector the local Gross Regional Product. The Mackay dependency on total regional imports by each of the region exports $4.700 billion in value of goods industry sectors ranked from highest to lowest. and services and imports $3.815 billion in value of goods and services. The total regional import estimate for Mackay is $3.815 billion. The ‘Manufacturing’ sector The net export value for Mackay is $885.442 represented 49.3% of total imports with a value million. of $1.881 billion. $885.442 TOTAL Administrative and $1,881.330 Manufacturing $593.203 Support Services $365.203 Construction $261.688 Agriculture, Forestry and Fishing
$224.247 Rental, Hiring & Real Estate Services $117.844 Arts and Recreational Services
$200.394 Transport, Postal and Warehousing $55.107 Electricity, Gas, Water & Waste Services
$193.349 Mining $47.612 Construction
$150.967 Wholesale Trade $43.824 Education and Training
$123.042 Professional, Scientific and Technical $30.470 Accommodation and Food Services
$118.824 Accommodation and Food Services $26.446 Financial and Insurance Services
$80.130 Retail Trade $11.393 Health Care and Social Assistance
$69.417 Agriculture, Forestry and Fishing -$6.501 Information Media & Telecommunications
$67.808 Public Administration and Safety -$10.755 Wholesale Trade
$63.081 Financial and Insurance Services -$30.985 Retail Trade
$52.908 Administrative and Support Services -$31.673 Transport, Postal and Warehousing
$50.690 Information Media & Telecommunications -$32.480 Professional, Scientific & Technical
$50.492 Other Services -$32.590 Other Services
$41.568 Health Care and Social Assistance -$35.989 Rental, Hiring & Real Estate Services
$36.457 Electricity, Gas, Water & Waste Services -$37.288 Mining
$33.016 Education and Training -$39.270 Manufacturing
$11.964 Arts and Recreational Services -$44.614 Public Administration and Safety
0 500 1,000 1,500 2,000 -500 0 500 1,000 2,000
REGIONAL IMPORTS ($M) REGIONAL IMPORTS ($M) Taking into consideration potential import replacement opportunities as well as current contributions to the regional economy in terms of employment, value-added and local expenditure on goods and services (backward linkages), key propulsive industries sectors have been identified. In order to understand the contributions of industry sectors in more detail, the general 19 industry sector classification has been broken down to the 45 industry sub-sector level. The following key propulsive industry sub-sectors have been identified as the key drivers of the Mackay region’s economy: > Construction > Construction Services > Transport > Wholesale Trade > Mining
Employment is a key social outcome of economic development; employment data represents the number of people employed by businesses/organisations in each of the industry sectors in the Mackay region. The total employment estimate for the Mackay region is 44,770 jobs. The key propulsive industries collectively contribute 9,971 jobs, accounting for 21.7% of total Mackay region jobs.
Construction SERVICES (2,363) WHOLESALE TRADE (2,352)
JOBS TRANSPORT % JOBS 6 (2,342) % 5 JOBS 5% CONSTRUCTION JOBS (1,766) 4% 2% JOBS MINING (909)
78% JOBS Other (35,039)
At the 45 industry sector level, the largest employer in the region was ‘Retail Trade’ comprising 5,234 jobs, accounting for 11.7% of total Mackay region jobs.
Mackay Economic Profile | June 2016 0% EXPORTS Regional Exports represents Construction WHOLESALE TRADE the value of goods and services SERVICES ($1.85) ($240.96) exported outside of the Mackay region that have been generated by local businesses TRANSPORT ($355.69) / organisations. Another way of defining exports is as an inflow % CONSTRUCTION 5 EXPORTS EXPORTS of money into the region. % ($316.39) 7 The total regional export EXPORTS % estimate for the region is $4.700 7 billion. The selected sectors collectively contribute $1.699 17% billion (36.2%) of total regional EXPORTS exports. MINING ($784.34)
At the 45 industry sector level, the largest exporter in the 64% EXPORTS region was the ‘Mining’ sector Other ($3,001.11) ($784.338 million), followed by ‘Technical Equipment & Appliance Manufacturing’ ($769.096 million), with the third largest exporter being the ‘Food Product Manufacturing’ sector ($584.803 million).
The total value-added estimate Construction for the Mackay region is $6.476 SERVICES ($239.31) WHOLESALE TRADE billion. The selected sectors ($403.22) collectively contribute $1.750 billion (27.0%) of total value- % TRANSPORT ($317.86)
4 added. % 6 % At the 45 industry sector level, 5 CONSTRUCTION the largest exporter in the region ($414.16) was the ‘Property Services’ 6% sector ($869.787 million), MINING ($375.56) followed by ‘Construction’ 6% ($414.156 million), with the third largest exporter being 73% the ‘Wholesale Trade’ sector Other ($403.222 million). ($4,726.32) Construction SERVICES ($371.79)
WHOLESALE TRADE ($274.48) 8%
6% TRANSPORT ($274.94) 6%
This report shows the value of intermediate goods and services purchased by 14% CONSTRUCTION industry sectors within the ($710.71) Mackay region. The total local expenditure estimate for the Mackay region is $4.908 7% billion. The selected sectors collectively contribute $1.996 59% MINING ($363.94) billion (40.7%) of total local expenditure. Other ($2,912.59)
At the 45 industry sector level, ‘Construction’ was the highest contributor in terms of local expenditure ($710.708 million), followed by ‘Food Product Manufacturing’ ($375.070 million) and ‘Construction Services’ ($371.786 million), with the ‘Mining’ sector ($363.941 million) the next highest contributor. The key propulsive industry sectors may not necessarily make the largest contributions to the region’s economy at present, however due to well-developed local supply chains these sectors have a significant capacity to deliver broad based economic benefits for the region.
$522.635 Manufacturing
$329.669 Construction
$179.563 Rental, Hiring & Real Estate Services
$171.213 Transport, Postal & Warehousing
$166.195 Mining
Imports reflect demand in the area’s economy $149.078 Wholesale Trade for goods and services not supplied locally and therefore represent ‘Gaps’ in local supply chains. $92.855 Professional, Scientific and Technical
Imports from the rest of Australia may indicate ORS
T $80.130 Retail Trade opportunities for import replacement, increased value-adding and supply chain development. Supply E C $67.783 Public Administration and Safety of these goods and services is currently feasible in $59.309 Financial and Insurance Services the Australian context and may provide a guide to M AN S realistic, high value strategic opportunities to further $58.335 Accommodation and Food Services develop the local economy. The total replacement of A L DE $55.645 Agriculture, Forestry and Fishing imports with local production is improbable however LOC it may be possible to capture a proportion of this $49.000 Other Services escape expenditure. $41.028 Administrative and Support Services Total imports by industry sectors in the Mackay $38.729 Health Care & Social Assistance region from the rest of Australia are estimated at $2.173 billion. $36.322 Electricity, Gas, Water & Waste Services
The ‘Manufacturing’ sector imports $522.635 $33.304 Information Media & Telecommunications million (24.1%) of goods and services for input to production from the rest of Australia, the $31.777 Education and Training ‘Construction’ sector imports $329.669 million, $10.169 Arts and Recreational Services accounting for 15.2% of industry imports, and the ‘Rental, Hiring & Real Estate Services’ sector 0 100 200 300 400 500 imports $179.563 million from outside of the DOMESTIC IMPORTS - DEMAND Mackay region. (From rest of Australia) ($M)
Mackay Economic Profile | June 2016 WHAT ARE THE SELECTED LOCAL DEMAND SECTOR(S) IMPORTING FROM THE REST OF AUSTRALIA?
300 $266.562
250 $229.249 $220.472
200 ($ m ) 150 $144.669 Information Media & Telecommunications Petroleum & Coal Product Manufacturing & Coal Product Petroleum
100 Manufacturing Product Food Property Services Property Technical Equipment & Appliance Manufacturing Equipment & Appliance Technical Metal &Metal Product Manufacturing Metal &Metal Product $120.129 Exploration & Mining Support Services $118.805 Gas, Water & Waste Services & Waste Gas, Water Administrative & Support Services Administrative Grains & Other Agriculture Livestock, Apparel Manufacturing Apparel Electricity Basic Chemical, Cleaning & polymer Manufacturing Saw Mill, Wood & Paper Product Manufacturing Product & Paper Saw Mill, Wood Construction Transport Support Services & Storage Transport Transport $95.374 $85.390
50 $83.097 Transport Equipment & Parts Manufacturing Equipment & Parts Transport $33.968 $78.203 $31.372 $31.100 $27.980 $65.986 $65.052 $63.315 $23.566 $59.275 $53.681 $52.779 Financial and Insurance Services Mining Technical Scientific and Professional, Construction Services 0 $38.985 Public Administration, Regulatory Service, Order & Administration, Public Wholesale Trade Manufacturing Pharmaceutical Product Beverage Manufacturing Product & Delivery Service & Courier Pick-up Postal (including the reproduction of recorded media) Printing Accommodation & Food Services & Food Accommodation Non-Metallic Mineral Product Manufacturing Non-Metallic Mineral Product Repair, Maintenance & Other Services Repair, Education & Training Other Manufactured Products Retail Trade Fishing & Hunting Forestry, Manufacturing Furniture Arts Heritage, Creative & Performing Sports, Recreation & Gambling Agriculture, Forestry & Fishing Support Services Forestry Agriculture, Services Personal Aquaculture Defence Residential Care & Social Assistance Services Rental & Hiring Services (except Real Estate) Health Care Services $21.581 $19.358 $17.868 $14.772 $14.392 $13.732 $12.523 $11.381 $10.570 $10.324 $7.418 $6.083 $5.546 $5.152 $5.143 $4.547 $1.733 $0.881 $0.365 $0.342 $0.009 $0.000 $0.000
Mackay Economic Profile | June 2016
There were 462 new dwelling approvals during the 2014-15 financial year, a decrease of 794 approvals over the previous 12 months, which comprise of 367 houses and 94 “other” (unit) dwellings. Mackay dwelling approvals appear to be cyclical, peaking in 2012-13. Over the last 10 years, separate house approvals have accounted for approximately 82% of total dwelling approvals. The highest levels of unit approvals occurred in 2013-14 (36%). Houses Other 1,800
1,600 428 1,400 175 1,200
1,000 280 170 119 450 76 800 142 109 600
400 94 851 846 909 671 966 723 1,198 1,372 806 367 200
0 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15
The total value of building approvals during 2014-15 was $266.4 million. The value of residential building approvals peaked in 2009-10 at $955.5 million. The value of ‘non-residential’ approvals has generally accounted for about one-third of the value of total building approvals. In 2014-15, building and dwelling approvals are at their lowest levels in ten years. Dwelling approvals are at approximately 50% of the average value of annual building approvals for the last ten years.
Residential Non-Residential 1,000
800 $621.20 $313.96 600 $259.32
($M) $237.59 400 $111.94 $171.62 $146.65 $108.38 $82.95 200 $100.24 $227.87 $334.03 $316.17 $251.06 $334.29 $274.35 $420.63 $571.36 $371.32 $166.11 0 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15
Mackay Economic Profile | June 2016 Residential Non-Residential Total
($M) % Change ($M) % Change ($M) % Change
2005 - 06 $227.87 14.9% $82.95 -30.1% $310.82 -1.9% 2006 - 07 $334.03 46.6% $111.94 34.9% $445.97 43.5% 2007 - 08 $316.17 -5.3% $171.62 53.3% $487.79 9.4% 2008 - 09 $251.06 -20.6% $146.65 -14.5% $397.71 -18.5% 2009 - 10 $334.29 33.2% $621.20 323.6% $955.49 140.2% 2010 - 11 $274.35 -17.9% $108.38 -82.6% $382.73 -59.9% 2011 - 12 $420.63 53.3% $259.39 139.3% $679.95 77.7% 2012 - 13 $571.36 35.8% $313.96 21.1% $885.32 30.2% 2013 - 14 $371.32 -35.0% $237.59 -24.3% $608.90 -31.2% 2014 - 15 $166.11 -55.3% $100.24 -57.8% $266.36 -56.3%
Between 2007 and 2015 the highest number of annual approvals occurred in 2007 at 1,834, with 52% of the lot approvals being in larger projects of more than 50 lots. The lowest level of dwelling approvals occurred in 2014, with a total of 598 approvals, although the year to September 2015 has only seen a total of 156 approvals.
Lot Approvals by Project size, Mackay Regional Council Lot Approvals
<10 11-20 21-50 >50 Total
2007 192 144 548 950 1,834 2008 141 79 207 1,207 1,634 2009 106 43 168 725 1,042 2010 46 20 61 780 907 2011 64 61 422 1,214 1,761 2012 89 62 92 373 616 2013 78 87 294 775 1,234 2014 50 75 89 384 598 2015* 26 0 63 67 156
* For year to September 2015 Source: QGSO, Residental Land Development Activity Profile, September 2015 Quarter
<10 11-20 21-50 >50 2,000 * For year to September 2015 1,750
1,500
1,250
1,000
750
500
250
0 2007 2008 2009 2010 2011 2012 2013 2014 2015* Lot registration is the final stage of development of new lots. There is generally a time lag between lots being approved and lots being registered. The total number of lot registrations in the Mackay region increased from 2011 to 2013, before declining in 2014 and the year to September 2015. Standard lots (60m2 to <2,500m2) have consistently accounted for the majority of urban lot registrations over since 2007 (approximately 72% of total registrations).
Urban Residential Lot Registrations Low Density Total Lot Lot Registration Lots1 Unit & Townhouse Registrations Total Urban Lots 2,500m2 to 5ha (60m2 to <2,500m2) Lots2
2007 909 169 1,078 102 1,180 2008 793 119 912 84 996 2009 671 215 886 136 1,022 2010 527 170 697 87 784 2011 845 78 923 96 1,019 2012 1,032 72 1,104 106 1,210 2013 1,383 116 1,499 107 1,606 2014 646 267 913 79 992 2015* 217 218 435 107 542
* For year to September 2015 1 Lots on standard format plan that are intended for detached dwelling. Also includes lots intended for detached dwellings within a community title scheme. 2 Lots on a building format plan or standard format plan that represent attached dwellings within a community title scheme Source QGSO Residential Land Development Activity profile, September Quarter 2015
Standard Lots Unit & townhouse Lots Low Density Lots
1,600 107 1,400 116
1,200 102 106 72 79 1,000 169 84 136 96 119 87 78 800 215 267 600 170 107 400 909 793 671 527 845 1,032 1,383 646 218 200 217 0 2007 2008 2009 2010 2011 2012 2013 2014 2015*
Mackay Economic Profile | June 2016 #
There were a total of 391 new lot sales in 2014 within the Mackay region, of which 89% were vacant land sales. Vacant land sales have traditionally accounted for the majority of new lot sales within the region, with house & land package lots generally accounting for approximately 12% of sales.
Vacant Land House & Land Package 1,800 135 1,600
1,400
1,200
1,000 76 102 81 80 65 800 95 600 42 400 739 571 838 770 796 1,600 770 44 200 349 203 0 2007 2008 2009 2010 2011 2012 2013 2014 2015
The median sale price of vacant land has been increasing steadily over the last few years, peaking in 2013 and 2014 with a median of $208,000. The median value of packaged house and land sales has also increased over the last few years, peaking in 2014 with a median of $470,000. Mackay is experiencing a downturn in lot sales and median prices in 2015.
Vacant Land House & Land Package * For year to September 2015 $500,000
$450,000
$400,000 $399,000 $350,000
$300,000
$250,000
$200,000 $190,000 $150,000
$100,000
$50,000
0 2007 2008 2009 2010 2011 2012 2013 2014 2015* NEW LOT SALES AND MEDIAN PRICE New Lot Sales (140m2 to 2,500m2) Median Sale Price Median $/m2 House & Land House & Land Vacant Land1 Total Sales Vacant Land1 Vacant Land1 Packages2 Packages2
2007 739 76 815 $181,000 $412,000 $252 2008 571 95 666 $180,000 $420,000 $248 2009 838 102 940 $175,000 $412,000 $227 2010 770 81 851 $182,000 $395,000 $252 2011 796 80 876 $177,000 $425,000 $272 2012 1,600 135 1,735 $194,900 $437,000 $306 2013 770 65 835 $208,000 $465,000 $354 2014 349 42 391 $208,000 $470,000 $335 2015* 203 44 247 $190,000 $399,000 $284
* For year to September 2015 1 May include resales of vacant land. 2 Includes lots as a component of house and land package in addition to sub divided lots containing and exsisting dwelling. Source QGSO Residential Land Development Activity profile, September Quarter 2015
There were a total of 1,571 new and established detached and attached dwelling sales in 2014 within the Mackay region, of which 85% were detached house sales. Detached housing sales have accounted for 82% of dwelling sales activity within the region. Historically, units and townhouses have accounted for approximately 18% of dwelling sales.
Detached Houses Units and Townhouses * For year to September 2015 3,500
3,000 617 2,500 499 419 512 2,000 356 323 509 1,500 263 202 1,000 2,446 2,230 2,091 1,897 1,836 2,315 1,650 1,308 1,074 500
0 2007 2008 2009 2010 2011 2012 2013 2014 2015*
Mackay Economic Profile | June 2016 Detached Houses Units and Townhouses * For year to September 2015 $500,000
$450,000
$400,000
$350,000 $370,000 $300,000 $280,000 $250,000
$200,000
$150,000
$100,000
$50,000
0 2007 2008 2009 2010 2011 2012 2013 2014 2015*
From 2012, both the detached and attached dwelling markets have been experiencing a decrease in both dwelling prices and number of sales. Between 2012 and the year to September 2015, the median price of detached housing decreased by 14% from $430,000 in 2012 to $370,000 in 2015. Over the same period, the median price of attached housing has also fallen from $347,500 to $280,000.
Number of Dwelling Sales Median Sale Price Units and Units and Detached Houses Total Sales Detached Houses Townhouses Townhouses
2007 2,446 617 3,063 $380,000 $290,000 2008 2,230 419 2,649 $385,000 $310,000 2009 2,091 512 2,603 $387,000 $297,000 2010 1,897 356 2,253 $407,000 $315,000 2011 1,836 323 2,159 $412,000 $315,000 2012 2,315 499 2,814 $430,000 $347,500 2013 1,650 509 2,159 $427,500 $355,000 2014 1,308 263 1,571 $410,000 $325,000 2015* 1,074 202 1,276 $370,000 $280,000
* For year to September 2015 Source QGSO Residential Land Development Activity profile, December Quarter 2013 East Mackay 3.3%
Glenella 3.3%
Slade Point 3.2%
The median house price for the Mackay region Mackay LGA* -4.4% in the year to March 2016 was $345,000, representing a 10.6% decrease over the year prior West Mackay -6.6% and 14.8% decrease compared to five years ago. Mount Pleasant -7.5%
Over the last 12 months, all suburbs in Mackay Ooralea -8.2% experienced a decrease in median house price, with the exception of East Mackay, Glenella and Beaconsfield -10.3% Slade Point, which increased by 3.3%, 3.3% and Mackay LGA* -10.6% 3.2%, respectively. Rural View -10.8%
Marian -13.0%
Walkerston -13.6%
Eimeo -14.1%
Andergrove -15.3%
Bucasia -15.5%
North Mackay -15.9%
Blacks Beach -17.6%
South Mackay -20.0%
Sarina -21.4%
-25 -20 -15 -10 -5 0 5 10
Mackay Economic Profile | June 2016 The REIQ Market Monitor states that “similar to other resources-reliant areas, Mackay’s residential property market has contracted to levels of about a decade ago. Distressed investors are exiting the market while bank repossessions remain higher than the historical average. Local agent projections remain conservative and the jobs market continues to rely on the casual employment regime. The one demographic taking advantage of improved affordability is the young first-home buyer, who was previously unable to compete with investors. (Issue 30, page 38)
Median House Sales Data - March Qtr 2016 Sales Mar Qtr Median Mar Qtr Year to Mar 2016 Annual Change 5 Year Change (No.) ($)
Andergrove 16 N/A $305,000 -15.3% -22.3% Beaconsfield 9 N/A $340,000 -10.3% -16.0% Blacks Beach 2 N/A $355,000 -17.6% -26.0% Bucasia 9 N/A $340,000 -15.5% -20.9% East Mackay 9 N/A $395,000 3.3% -7.1% Eimeo 7 N/A $356,000 -14.1% -20.3% Glenella 7 N/A $495,000 3.3% -6.2% Marian 9 N/A $400,000 -13.0% -6.1% Mount Pleasant 4 N/A $370,000 -7.5% -11.9% North Mackay 10 N/A $265,000 -15.9% -25.8% Ooralea 9 N/A $420,000 -8.2% -17.1% Rural View 12 N/A $377,500 -10.8% -17.6% Sarina 2 N/A $220,000 -21.4% -26.7% Slade Point 3 N/A $325,000 3.2% -12.4% South Mackay 15 N/A $275,000 -20.0% -25.7% Walkerston 9 N/A $355,000 -13.6% -20.0% West Mackay 16 N/A $334,000 -6.6% -10.2% Mackay LGA 172 $332,500 $345,000 -10.6% -14.8% Mackay LGA* 27 $450,000 $435,000 -4.4% -10.3%
*Indicates acreage sales only (with land size grater than 2,400m2). All other data is based upon sales wiht a land size of less than 2,400m2. Source: Queensland Market Monitor, March Quarter 2016, REIQ
Regional data has been sourced from the Queensland Residential Tenancies Authority for median rental data from September Quarter 2010 to March Quarter 2016 for: > Units/Flats – two and three bedroom; > Houses – three and four bedroom; > Townhouses – two and three bedroom. The median rents in the Mackay LGA have remained steady when measured on a bi-annual basis. Within the Mackay LGA, four bedroom houses have consistently experienced the highest rental rates in the region where two bedroom units are consistently the least expensive option. Other options in Mackay appear inconsistent and experience regular and intermittent fluctuations. Since June 2012, rents across all dwelling types and sizes appear to be decreasing.
Two Bed Units/Flats Two Bed Townhouses Three Bed Houses Three Bed Townhouses Three Bed Units/Flats Four Bed Houses
$600
$500
$400
$300
$200
$100
$0 Sep-10 Mar-11 Sep-11 Mar-12 Sep-12 Mar-13 Sep-13 Mar-14 Sep-14 Mar-15 Sep-15 Mar-16
Median Weekly Rent
Two Bed Units/Flats Sep-10 Mar-11 Sep-11 Mar-12 Sep-12 Mar-13 Sep-13 Mar-14 Sep-14 Mar-15 Sep-15 Mar-16
Mackay Regional Council $280 $300 $315 $350 $360 $350 $320 $290 $250 $230 $220 $200
Isaac Regional Council $260 $260 $950 $250 $450 $550 $260 $300 $250 $250 $180 $180
Whitsunday Regional Council $260 $250 $260 $260 $280 $290 $290 $300 $280 $250 $260 $255
Three Bed Units/Flats Sep-10 Mar-11 Sep-11 Mar-12 Sep-12 Mar-13 Sep-13 Mar-14 Sep-14 Mar-15 Sep-15 Mar-16
Mackay Regional Council $400 $420 $450 $460 $500 $460 $400 $380 $340 $300 $280 $280
Isaac Regional Council $350 $825 $1,200 $1,000 $800 $600 $450 $400 $375 $340 $200 $250
Whitsunday Regional Council $350 $320 $340 $350 $380 $370 $350 $360 $310 $320 $310 $270
Three Bed Houses Sep-10 Mar-11 Sep-11 Mar-12 Sep-12 Mar-13 Sep-13 Mar-14 Sep-14 Mar-15 Sep-15 Mar-16
Mackay Regional Council $380 $385 $420 $460 $475 $450 $395 $370 $340 $320 $295 $285
Isaac Regional Council $650 $800 $1,200 $1,700 $700 $425 $350 $320 $275 $250 $220 $220
Whitsunday Regional Council $340 $330 $330 $350 $370 $360 $350 $340 $320 $300 $300 $300
Four Bed Houses Sep-10 Mar-11 Sep-11 Mar-12 Sep-12 Mar-13 Sep-13 Mar-14 Sep-14 Mar-15 Sep-15 Mar-16
Mackay Regional Council $450 $470 $500 $550 $580 $530 $450 $430 $380 $360 $340 $330
Isaac Regional Council $900 $980 $1,500 $2,000 $1,200 $550 $475 $450 $350 $300 $350 $320
Whitsunday Regional Council $440 $410 $420 $425 $445 $400 $410 $400 $370 $380 $375 $380
Two Bed Townhouses Sep-10 Mar-11 Sep-11 Mar-12 Sep-12 Mar-13 Sep-13 Mar-14 Sep-14 Mar-15 Sep-15 Mar-16
Mackay Regional Council $300 $360 $370 $430 $350 $400 $365 $365 $320 $300 $260 $270
Isaac Regional Council n.a n.a $850 n.a n.a n.a $360 $400 n.a $240 $230 $210
Whitsunday Regional Council $350 $330 $300 $300 $300 $370 $270 $330 $320 $320 $290 $300
Three Bed Townhouses Sep-10 Mar-11 Sep-11 Mar-12 Sep-12 Mar-13 Sep-13 Mar-14 Sep-14 Mar-15 Sep-15 Mar-16
Mackay Regional Council $385 $420 $450 $470 $500 $485 $404 $380 $350 $320 $290 $300
Isaac Regional Council n.a n.a $1,500 n.a $1,400 $600 $500 $400 $425 $335 $310 $250
Whitsunday Regional Council $340 $365 $355 $380 $420 $360 $370 $380 $340 $300 $310 $280
Source: Residential Tenancies Authority, Queensland
Mackay Economic Profile | June 2016
Tourism is not identified as a separate industry sector in the National Accounts data, instead tourism is an amalgam of activities across various industry sectors such as retail, accommodation, cafes & restaurants, and cultural & recreational services. The Tourism Module in REMPLAN estimates the total value of tourism for the local economy.
$3,483.904 Manufacturing
$2,101.160 Construction The estimated output generated by tourism for each industry sector has been deducted and $1,139.148 Mining consolidated into a separate tourism sector. $1,040.960 Transport, Postal & Warehousing
The total output estimate for the Mackay region $951.009 Ownership of Dwellings is $15.200 billion, with Tourism contributing $471.314 million. $814.099 Wholesale Trade $642.698 Professional, Scientific and Technical
$537.099 Retail Trade
$508.268 Rental, Hiring & Real Estate Services
$489.372 Health Care & Social Assistance
$471.314 Toursim
$437.041 Agriculture, Forestry and Fishing
$419.411 Public Administration and Safety
$416.680 Financial and Insurance Services
$380.517 Electricity, Gas, Water & Waste Services
$361.063 Other Services
$344.412 Education and Training
$291.500 Administrative and Support Services
$168.030 Accommodation and Food Services
$165.261 Information Media & Telecommunications
$36.799 Arts and recreational Services
0 1,000 2,000 3,000 OUTPUT ($M)
Mackay Economic Profile | June 2016 Tourism output has been estimated to be $471.314 million. The graph on the left shows the gross revenue generated by businesses and organisations in the Mackay region to service demand generated by tourists to the area. The employment generated to service demand from visitors for each industry sector has been estimated through applying industry profiles from $237.956 Accommodation and Food Services the Australian Bureau of Statistics Tourism Satellite Account and consolidated into a separate tourism $65.658 Transport, Postal & Warehousing sector. Tourism is estimated to account for 2,684 $52.698 Retail Trade jobs (6.0%) of the total 44,770 jobs in Mackay.
$35.646 Ownership of Dwellings
$16.731 Manufacturing 4,819 Manufacturing 4,766 $14.567 Wholesale Trade Retail Trade
$12.943 Rental, Hiring & Real Estate Services 4,565 Health Care & Social Assistance
$9.953 Administrative and Support Services 4,129 Construction Transport, Postal & $8.569 Arts and Recreational Services 3,050 Warehousing
$7.534 Education and Training 3,009 Education and Training
$3.353 Health Care & Social Assistance 2,684 Tourism
$2.870 Other Services 2,640 Other Services Professional, Scientific $2.017 Information Media & Telecommunications 2,519 and Technical
$0.512 Agriculture, Forestry and Fishing 2,311 Wholesale Trade
$0.307 Financial and Insurance Services 2,090 Public Administration and Safety
1,698 Mining 0 50 100 150 200 250 1,549 Agriculture, Forestry and Fishing TOURISM OUTPUT BREAKDOWN ($M) 1,217 Accommodation and Food Services
1,031 Administrative and Support Services
921 Rental, Hiring & Real Estate Services
743 Financial and Insurance Services
451 Electricity, Gas, Water & Waste Services
324 Information Media & Telecommunications
223 Arts and Recreational Services
31 Ownership of Dwellings
0 1,000 2,000 3,000 4,000 5,000 JOBS The total tourism related employment estimate for the Mackay region is 2,684 jobs. The graph on the left shows the number of jobs in each industry sector in the region which service demand generated by tourists to the area. For each dollar spent by a tourist in the Mackay region, it is estimated that typically $0.50 is spent on ‘Accommodation & Food Services’, $0.14 on 1,723 Accommodation and Food Services ‘Transport, Postal & Warehousing’ and $0.11 on ‘Retail Trade’. 468 Retail Trade
192 Transport, Postal & Warehousing Distribution Of Each $1 Spent By A Tourist ($)
66 Education and Training $0.50 Accommodation and Food Services
52 Arts and Recreational Services $0.14 Transport, Postal & Warehousing
41 Wholesale Trade $0.11 Retail Trade
35 Administrative and Support Services $0.08 Ownership of Dwellings
31 Health Care & Social Assistance $0.04 Manufacturing
23 Rental, Hiring & Real Estate Services $0.03 Wholesale Trade
23 Manufacturing $0.03 Rental, Hiring & Real Estate Services
21 Other Services $0.02 Administrative and Support Services
4 Information Media & Telecommunications $0.02 Arts and Recreational Services
2 Agriculture, Forestry and Fishing $0.02 Education and Training
2 Ownership of Dwellings $0.01 Health Care & Social Assistance
1 Financial and Insurance Services $0.01 Other Services
0 500 1,000 1,500 2,000 0.0 0.1 0.2 0.3 0.4 0.5 JOBS $
Mackay Economic Profile | June 2016 The visitor profile provides data for the Mackay Tourism Region for the year ending December 2015.
Visitors Holiday VFR3 Business Expenditure ($M)
Domestic Overnight 794,000 144,000 167,000 414,000 $322.40 Annual Change1 -3.1% -7.7% -9.7% -9.2% -20.3% Trend Change2 2.1% -4.4% -13.5% 13.6% -6.8% International Overnight 43,000 28,000 9,000 n/p $26.1 Annual Change1 -3.9% -9.8% -4.8% n/p -0.1% Trend Change2 -0.4% 1.4% 1.5% n/p n/p TOTAL 837,000 172,000 176,000 n/p $348.50 Annual Change -3.1% -8.0% -9.5% n/p -19.1%
1 Annual Change refers to % change between year ending September 2014 and 2015 2 Trend Change refers to % change between the 3 years to December 2014 and the 3 years to December 2015 3 VFR - Visiting Friends and Relatives Source: Mackay Regional Snapshot, YE December 2015, Toursim and Events Queensland
Overall, visitor numbers decreased by 3.1% in the 12 months to December 2015, where there were a total of 837,000 visitors to the region. The ‘Domestic Overnight’ visitor market accounted for 794,000 visitors, or 95% of total overnight visitors. The ‘Business’ visitor market is the largest source market in the region, and over the 12 month period to December 2015, experienced a decrease of 9.2%.
The following data has been sourced from Tourism Research Australia, Tourism Regional Profile 2015 for the Mackay Tourism Region.
Mackay Region 2015 Domestic Day Domestic Overnight International
Average stay (nights) - 3 15 Average spend per trip $151 $406 $611 Average spend per night - $119 $40
Average spend (commercial - $172 $58 accommodation) per night
Source: Tourism Research Australia, Tourism Regional Profile 2015; Mackay Annual Annual Length Nights Visitors Nights Change % Change % of Stay Change
Holiday 144,000 -7.7% 305,000 -34.4% 2.1 -0.9 VFR 167,000 -9.7% 657,000 -25.7% 3.9 -0.9 Business 414,000 -9.2% 1,596,000 -30.5% 3.9 -1.1 Total4 794,000 -3.1% 2,714,000 -26.5% 3.4 -1.1 Intrastate Holiday 117,000 -0.8% 257,000 -21.6% 2.2 -0.6 VFR 147,000 -3.3% 525,000 -27.6% 3.6 -1.2 Business 375,000 -7.9% 1,371,000 -30.9% 3.7 -1.2 Total4 687,000 -0.4% 2,244,000 -26.7% 3.3 -1.1 Interstate Holiday n/p n/p n/p n/p n/p n/p VFR n/p n/p n/p n/p n/p n/p Business n/p n/p n/p n/p n/p n/p Total4 107,000 -17.1% 470,000 -25.9% 4.4 -0.5 Daytrippers Visitors Annual Change % Expenditure ($M) Annual Change % Mackay 647,000 -2.7% n/p n/p Queensland 38,686,000 14.7% $4,220.90 11.0% Australia 179,591,000 9.3% $19,003.80 5.8%
4 Included ‘other’ visitors Source: Mackay Regional Snapshot, YE December 2015, Toursim and Events Queensland
Of the domestic visitors to Mackay, 87% are from intrastate. These visitors accounted for 83% of the visitor nights to the region. Over a twelve month period, the average length of stay of domestic visitors to Mackay has decreased by 0.9 days. Despite increases to Queensland and Australia, Mackay has experienced a decrease in the number of daytrippers (-2.7%) visiting the region.
The main visitor source markets were visitors from Regional QLD, accounting for 62% of visitors and 61% of visitor nights. Brisbane visitors are the second largest source market, accounting for 24% of visitors and 22% of visitor nights.
Total Visitors Visitors Annual Change % Nights Annual Change % Regional QLD 493,000 -8.7% 1,642,000 -33.0% Brisbane 193,000 28.7% 602,000 -1.5%
Source: Mackay Regional Snapshot, YE December 2015, Toursim and Events Queensland
Mackay Economic Profile | June 2016 Based on the Tourism and Events Queensland data, in the 12 months to December 2015, there were a total of 43,000 international visitors to the Mackay Tourism Region, staying for a total of 649,000 nights, with an average length of stay of 15.2 nights. International visitors in the region for ‘holiday’ purposes accounted for 65% of total international visitors and 19% of international visitor nights. The ‘VFR’ market accounted for 21% of international visitors, and 40% of international visitor nights.
Annual Annual Length Nights Visitors Nights Change % Change % of Stay Change
Holiday 28,000 -9.8% 125,000 -23.3% 4.5 -0.8 VFR 9,000 -4.8% 257,000 -12.7% 28.9 -2.6 Business n/p n/p n/p n/p n/p n/p Total1 43,000 -3.9% 649,000 4.9% 15.2 1.3 International Source Markets New Zealand 8,000 7.7% 98,000 -15.8% United Kingdom 6,000 5.9% 32,000 -6.5% Germany 6,000 30.2 15,000 43.1%
1 Included ‘other’ visitors Source: Mackay Regional Snapshot, YE December 2015, Toursim and Events Queensland
Based on the Tourism and Events Queensland data, the key international source markets to the region were visitors from New Zealand (19%), United Kingdom (14%) and Germany (14%). The number of visitors from New Zealand increased by 7.7%, the United Kingdom by 5.9% and Germany by 30.2% over the 12 months to December 2015. There is a time lag for Tourism Business data that is provided by Tourism Research Australia. Tourism Business data is correct for June 2014 period and has been sourced from the latest available Tourism Research Australia data for the Mackay Region.
Employing Businesses Non-Employing Small Medium Large Total Employing Total Businesses businesses
1-4 employees 5-19 employees 20 or more employees incl.owner/manager
305 308 113 726 444 1,170
Source: Tourism Research Australia, Tourism Regional Profile 2015; Mackay
Approximately 38% of ‘tourism businesses’ are ‘Non-Employing Businesses’, while approximately one in two businesses (52%) located in Mackay LGA have between 1 and 19 employees.
Mackay Economic Profile | June 2016
As at June 2015, there were 10,000 businesses operating in the Mackay region. The largest number of registered businesses was in the ‘Agriculture, Forestry & Fishing’ industry sector (1,841), followed by ‘Construction’ (1,814).
1,841 Agriculture, Forestry and Fishing Between 2013 and 2015, the number of registered businesses decreased by 446 businesses. The 1,814 Construction ‘Construction’ sector experienced the largest Rental, Hiring & Real 1,126 decline in business numbers (-96), followed by Estate Services the ‘Agriculture, Forestry & Fishing’ industry sector 750 Other Services (-74). The ‘Financial and Insurance Services’ industry sector experienced the largest increase in 708 Professional, Scientific & Technical business numbers from 2013 to 2015 (37). 610 Transport, Postal & Warehousing
586 Financial and Insurance Services Financial and Insurance Services 37
472 Retail Trade Health Care & Social Assistance 28
448 Health Care & Social Assistance Accommodation and Food Services 2
333 Accommodation and Food Services Electricity, Gas, Water & Waste Services 0
312 Administrative and Support Services Arts and recreational Services -2
305 Manufacturing Education and Training -3
188 Wholesale Trade Public Administration and Safety -6
136 Not Classified Information Media & Telecommunications -11
124 Education and Training Rental, Hiring & Real Estate Services -18
123 Mining Manufacturing -18
72 Arts and recreational Services Retail Trade -21
27 Public Administration and Safety Wholesale Trade -22
13 Information Media & Telecommunications Administrative and Support Services -25
12 Electricity, Gas, Water & Waste Services Mining -32
0 500 1,000 1,500 2,000 Other Services -35
BUSINESS COUNTS Transport, Postal & Warehousing -42
Professional, Scientific & Technical -53
Not Classified -55
Agriculture, Forestry and Fishing -74
Construction -96
Total Change -446
-500 -400 -300 -200 -100 0 100 BUSINESS COUNTS
Mackay Economic Profile | June 2016 2013 2014 2015 Change Turnover Range No. % No. % No. % 2014-15
Zero to $50k 2,362 22.6% 2,422 23.4% 2,336 23.4% -3.6% $50k to less than $100k 1,508 14.4% 1,414 13.6% 1,445 14.5% 2.2% $100k to less than $200k 1,657 15.9% 1,808 17.5% 1,776 17.8% -1.8% $200 to less than $500k 2,340 22.4% 2,314 22.3% 2,163 21.6% -6.5% $500 to less than $2m 1,720 16.5% 1,641 15.8% 1,611 16.1% -1.8% $2m or more 852 8.2% 762 7.4% 667 6.7% -12.5% Total 10,439 100.0% 10,361 100.0% 9,998 100.0% -3.5%
2013 2014 2015 Change Workforce Size No. % No. % No. % 2014-15
Non Employing 6,037 57.8% 6,032 58.2% 5,855 58.6% -2.9% 1-4 staff 2,844 27.2% 2,775 26.8% 2,718 27.2% -2.1% 5-19 staff 1,153 11.0% 1,187 11.5% 1,108 11.1% -6.7% 20-199 staff 400 3.8% 363 3.5% 310 3.1% -14.6% 200+ staff 12 0.1% 3 0.0% 9 0.1% 200% Total 10,446 100.0% 10,360 100.0% 10,000 100.0% -3.5%
Source: Australian Bureau of Statistics, 8165.0
From 2014 to 2015, the largest change in business turnover range was for businesses turning over more than $2 million, decreasing from 762 in 2014 to 667 in 2015, a decrease of 12.5%. The largest proportion of turnover was for businesses with turnover of $50,000 or less, accounting for 23.4% of the Mackay region businesses in 2015. The $200,000 to $500,000 range accounted for the second highest proportion of business turnover (21.6%).
2013 2014 2015
2,500
2,000
1,500
1,000 1,720 1,641 1,611 500 2,362 2,422 2,336 1,508 1,414 1,445 1,657 1,808 1,776 2,340 2,314 2,163 852 762 667 0 0<$50k $50k<$100k $100k<$200k $200k<$500k $500k<$2m $2m or more 6,000 2013 2014 2015 5,000
4,000
3,000
2,000 1,153 1,187 1,108
1,000 6,037 6,032 5,855 2,844 2,775 2,718 400 363 310 12 3 9 0 Non employing 1-4 staff 5-19 staff 20-199 staff 200 or more staff
Between 2014 and 2015, the largest increase occurred for businesses with 200 staff or more, increasing 200% from 3 in 2014 to 9 in 2015. Businesses which do not employ any staff (i.e. owner/operator) experienced the largest decrease from 363 in 2014 to 310 in 2015. Non-employing businesses account for the highest proportion (58.6%) of the Mackay region’s registered businesses.
Mackay Economic Profile | June 2016 The following table shows the number of businesses by industry sector over the last three years.
June 2013 June 2014 June 2015 No. % No. % No. %
Accommodation and Food services 331 3.2% 326 3.1% 333 3.3% Administrative and Support services 337 3.2% 316 3.1% 312 3.1% Agriculture, Forestry and Fishing 1,915 18.3% 1,942 18.7% 1,841 18.4% Arts and Recreational services 74 0.7% 73 0.7% 72 0.7% Construction 1,910 18.3% 1,891 18.3% 1,814 18.1% Education and Training 127 1.2% 120 1.2% 124 1.2% Electricity, Gas, Water and Waste services 12 0.1% 15 0.1% 12 0.1% Financial and Insurance services 549 5.3% 565 5.5% 586 5.9% Health Care and Social Assistance 420 4.0% 436 4.2% 448 4.5% Information Media and Telecommunications 24 0.2% 31 0.3% 13 0.1% Manufacturing 323 3.1% 313 3.0% 305 3.1% Mining 155 1.5% 148 1.4% 123 1.2% Not Classified 191 1.8% 170 1.6% 136 1.4% Other services 785 7.5% 758 7.3% 750 7.5% Professional, Scientific and Technical services 761 7.3% 750 7.2% 708 7.1% Public Administration and Safety 33 0.3% 27 0.3% 27 0.3% Rental, Hiring and Real Estate Services 1,144 11.0% 1,156 11.2% 1,126 11.3% Retail Trade 493 4.7% 490 4.7% 472 4.7% Transport, Postal and Warehousing 652 6.2% 629 6.1% 610 6.1% Wholesale Trade 210 2.0% 204 2.0% 188 1.9% Total 10,446 100.0% 10,360 100.0% 10,000 100.0% The estimated number of people employed in the Mackay region in 2015 is 63,413, Since 2008, the labour force has increased by 8,802 people, the number of employed people has increased by 5,317 people and the number of unemployed people has increased by 3,485 people. The average annual growth rate in the labour force between 2008 and 2015 is 1.3%. The unemployment rate has peaked at 7.64% in 2015.
Employed Unemployed Unemployment Rate
80,000 9.00% 3,138 3,223 5,247 8.00% 70,000 2,466 2,396 2,677 2,338 1,762 7.00% 60,000 7.64% 6.00% 4.56% 50,000 4.27% 4.47% 5.00% 40,000 3.79% 3.73% 3.73% 4.00% 2.94% 30,000 3.00%
20,000 2.00% 58,096 60,741 60,007 60,396 63,608 66,990 67,516 63,413 10,000 1.00% 0 0 2008 2009 2010 2011 2012 2013 2014 2015
Source: Department of Employment Small Area Labour Markets (March Quarter 2016)
The graph below shows the unemployment rates for Mackay and Queensland between 1998 and 2015.
Mackay Queensland 10.00%
7.7% 8.00% 6.3% 6.00%
4.00%
2.00%
0.00% 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Source: Department of Employment Small Area Labour Markets (March Quarter 2016)
Mackay Economic Profile | June 2016 From 1998 to 2015, the unemployment rate within the Mackay region has ranged from 2.9% in 2008, peaking at 10.1% in 2001. From 2012, the unemployment rate has continued to climb, reaching its highest levels since 2004.
2008 2,644
2009 -733
2010 389 Jobs rate growth identifies the annual change in the number of 2011 3,212 people employed within the region. 2012 3,382 Employment growth since 2008 peaked between 2012 and 2013 2013 526 (2012-13). 2014 -4,103 The 12 month period to 2015 saw a decrease of 4,103 jobs in the region. -5,000 -3,000 -1,000 0 1,000 3,000 5,000
Source: Department of Employment Small Area Labour Markets (March Quarter 2015)
LABOUR FORCE SUMMARY Year Unemployed Employed Labour Force Unemployment Rate Job Growth Rate
2010 2,677 60,007 62,684 4.27% -1.21% 2011 2,338 60,396 62,734 3.73% 0.65% 2012 2,466 63,608 66,074 3.73% 5.32% 2013 3,138 66,990 70,129 4.47% 5.32% 2014 3,223 67,516 70,739 4.56% 0.78% 2015 5,247 63,413 68,660 7.64% -6.08%
Source: Department of Employment Small Area Labour Markets (March Quarter 2015) Economic Indicator Period Performance Indicator
Demographics Estimated Resident Population 2015 123,724 Projected Population (QGSO 2015) 2036 171,313 Employment Number of people who work in the region 2011 44,770 Largest Employing Industry 2011 Retail Trade Change in Jobs (work in region) 2006-2011 5,158 Industry* (2011 Census; 2012/13 National Accounts Output 2015 $15.200 billion Value Added 2015 $6.476 billion GRP 2015 $6.962 billion GRP as % of QLD 2015 2.28% Housing Dwelling approvals (No.) 2014/2015 462 Building approvals ($) 2014/2015 $266.4 million Residential Lot approvals^+ Year to Sep 2015 156 Residential Lot registrations^+ Year to Sep 2015 542 New Lot Sales (No.)+ Year to Sep 2015 247 Median Lot Sale Price+ Year to Sep 2015 $190,000 Dwelling Sales+ Year to Sep 2015 1,276 Detached Housing Median Sale Price+ Year to Sep 2015 $370,000 Tourism** Domestic Overnight Visitors 2015 794,000 Domestic Visitor Nights 2015 2,714,000 International Visitors 2015 43,000 International Visitor Nights 2015 649,000 Trends Business Activity (No.) Jun - 15 10,000 Employed 2015 63,413 Unemployed 2015 5,247 Labour Force 2015 68,660 Unemployment Rate 2015 7.64%
*Based on the 2012/2013 National Imput Output tables and the June 2015 ABS Gross State Product ^Vacant land less than 2,400m2 +Residential Land Activity Profile, Queensland Treasury and Trade **Mackay Region, Tourism and Events Queensland
Mackay Economic Profile | June 2016
> Mackay Regional Council: www.mackay.qld.gov.au > Mackay Regional Council Online Economic Profile: www.economicprofile.com.au/mackay > REMPLAN Economic Development Practitioner Package for Mackay > Queensland Government Population Projections, 2015. QGSO. > Australian Bureau of Statistics, Various Publications (see below)
REMPLAN Modelling and Analysis System, developed by REMPLAN utilises the following sources: > 2011 ABS Census Journey to Work Employment Data; > 2012 / 2013 ABS National Input Output Tables; > June 2015 ABS Gross State Product; > Area specific data for the Mackay region.
Population Projections: Queensland Government population projections, 2015 edition (medium series), Queensland Government Statistician’s Office, Queensland Treasury and Trade. Population Data: ABS Catalogue number 3218.0 “Population Estimated by Statistical Area Level 2, 2005 to 2015”.
Resident Demographic Overview: 2011 Census Data for the Mackay region. Education Qualifications Data: > Bachelor or Higher Degree – Bachelor Degree Level; Postgraduate Degree Level. > Advanced Diploma or Diploma – Advanced Diploma and Diploma Level; Graduate Diploma and Graduate Certificate Level. > Vocational – Certificate Level. > No Qualification – Not applicable.
Employment: REMPLAN data refers to 2011 place of work Census data
Business Data: ABS Catalogue number 8165.0 “Counts of Australian Businesses, including Entries and Exits, Jun 2011 to Jun 2015”. > Australian Bureau of Statistics, Various Publications (see below)
Labour Force Data: Department of Employment, Small Area Labour Markets Australia. Latest data – March Quarter 2016
Building Approvals: ABS, Building Approvals, Cat. 8731.
Output, Value Add and GRP: data is specific to the regional area based on the number of jobs within the region, utilising the latest National Accounts data (2012/2013 ABS National Input Output Tables) and the latest Gross State Product data (June 2015). All regional GRPs within the State add up to the total Gross State Product.
Tourism: > Mackay Regional Snapshot, year ended December 2015. Tourism and Events Queensland. > 2015 Tourism Research Australia, Tourism Regional Profiles, 2015; Mackay, Queensland.
Rent and Sales Data: > Queensland Market Monitor, Issue 30 (March 2016 Quarter), REIQ > Residential Tenancies Authority Queensland. > Residential Land Development Activity Profile, Mackay Regional Council, September Quarter 2015. Queensland Treasury and Trade, Government Statistician.
DISCLAIMER: All figures and data presented in this document are based on data sourced from the Australian Bureau of Statistics (ABS), and other government agencies. Using ABS datasets, the regional economic modelling software ‘REMPLAN economy’, has been applied to generate industrial economic data estimates. This document is provided in good faith with every effort made to provide accurate data and apply comprehensive knowledge. However, REMPLAN does not guarantee the accuracy of the data nor the conclusions drawn from this information.
Mackay Economic Profile | June 2016 For Further information contact:
Mackay Regional Council Economic Development Team 1300 MACKAY (622 529) [email protected] www.mackay.qld.gov.au
REMPLAN (07) 5689 1499 / (03) 5444 4788 www.remplan.com.au