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Economic profile Central Highlands | June 2019 Abbreviations Throughout this profile a series of abbreviations has been utilised. These are summarised below: ABS Australian Bureau of Statistics CH Central Highlands CHDC Central Highlands Development Corporation CHRC Central Highlands Regional Council Central Queensland SA4 Central Queensland Statistical Area Level 4 GRP Gross Regional Product LGA Local Government Area M2 Square metres QGSO Queensland Government Statistician’s Office QLD Queensland RTA Residential Tenancies Authority SA4 Statistical Area Level 4 TRA Tourism Research Australia Contents Overview Housing Our region in numbers 2 Building approvals 30 Regional snapshot 4 Residential lot approvals 31 Lot registrations 32 Demographics New lot sales and median price 33 Population 5 Dwelling sales and median price 34 Population projections 6 Median weekly rent 35 Non-resident population 7 Age 8 Tourism Origin 9 Output 36 Wellbeing 11 Employment 37 Education 13 Distribution of tourist dollar and visitor profile 38 Income and families 14 Emerald Airport 39 Dwelling tenure and structure 15 Trends Employment Business activity 40 Industry 16 Business registrations 42 Occupation 18 Employment 43 Age and qualifications 19 Appendix: Agribusiness Regional Stocktake Method of travel to work 20 Baseline Data to Drive Growth 44 Industry Bibliography 49 Output 21 Central Highlands Development Corporation 50 Value-added 22 Local expenditure and regional exports 23 Regional imports and key industry drivers 24 Key industry drivers 25 Summary indicators and gap analysis 27 Gap analysis 28 Major projects 29 Central Highlands Development Corporation 1 Our region in numbers Central Highlands Region overview Resources 22.2% $8.419bn 34.5% 58.0% Output generated $2,190.264 m $3.777bn 63.6% Total value-added The Mining sector Contribution of the Mining is the largest employer comprises 6,079 jobs Mining sector to the of both the resident (22.2%) out of the 17,019 jobs in total value-added for the and non-resident (63.6%) $5.706bn the region Central Highlands workforce Total regional export $813.163m $2.033bn $1.436bn Mining is the highest contributor in Domestic imports to the region terms of local expenditure Total local expenditure Upper Bowen Basin $3.929bn GRP for the Central Highlands region Tieri Oaky Creek Capella 55 Gregory Crinum 2,899 Kestrel Yarrabee Businesses registered and operating Jellinbah East in the Central Highlands Rubyvale Ensham Curragh Sapphire A4 Emerald Blackwater A4 Bluff Bogantungan Galilee Bluff Comet A4 Basin Blackwater Duaringa Cook 55 Willow 7 ↑41.2% Gemfields Minerva Increase in number of Woorabinda businesses with turnover of Springsure $10 million or more from 2017 to 2018 Rolleston Meteor Downs South Rolleston 60 Bauhinia 7 55 Legend Capricorn Way Great Inland Way Major Sealed Minor Sealed Source: Economic Profile Central Highlands Arcadia (June 2019) chdc.com.au Part Sealed Valley 2 Central Highlands QLD 2019 Economic Profile Surat Basin Agribusiness $839m ↑90% 15% 90% Economic value (2017) Value increase in wheat compared to $780m (2016) ($10m to $19m) 1,445 ↓50% Agricultural businesses Value decrease in sorghum of national of Queensland’s ($40m to $20m) mungbean crop mandarin exports 1.301m megalitres ↑8.62% 10%+ Value increase in cotton 1.37m Fairbairn Dam, second largest ($58m to $63m) Head of cattle storage in Queensland ↑112% $106m Value increase in pulses of national table grape crop Value of chickpea production ($50m to $106m) Tourism Community profile Upper Bowen Basin Median weekly $1,823 $235.556m 4.4% income Tourism total output Unemployment rate in the Central Tieri $1,402 Oaky Creek Highlands (6.2% in QLD) Capella 55 Gregory Crinum Kestrel Yarrabee 4 nights $843 Average length of stay domestic 28,645 Jellinbah East $660 Rubyvale Ensham overnight visitors Population Curragh Sapphire A4 Emerald Blackwater A4 Bluff Bogantungan Tourism is the 3rd highest Galilee Comet Bluff A4 CH QLD CH QLD Basin Blackwater Duaringa employment sector in the 33 y.o. 3 Central Highlands Cook 55 Median age vs QLD average of 37 Personal Household Willow 7 Gemfields Minerva Springsure Woorabinda 204,073 67.3% 16,190 Annual passengers through Labour force Emerald airport 2018–19 FY Rolleston Meteor Downs South Rolleston Bauhinia 4,045 60 Largest gemfields in Non-residential workforce 7 of the population live 55 the Southern and work in the region Hemisphere Legend Capricorn Way Key drivers in terms of regional exports, employment, Great Inland Way Top value-added and local expenditure on goods and services are: Major Sealed Mining, livestock, grains & other agriculture, accommodation & Minor Sealed Arcadia food services, retail trade, education & training Part Sealed $56.685m five Valley In wages Central Highlands Development Corporation 3 Surat Basin Overview Regional snapshot The Central Highlands is a robust region that sits at the heart of Queensland’s resources and agricultural sectors. Spanning almost 60,000km2, the region includes a significant portion of Australia’s largest coal reserve, the Bowen Basin, and is strategically located to service Australia’s newest mining province, the Galilee Basin. Sustained by irrigation sourced from water storage on the Nogoa and Comet Rivers, the Central Highlands is also characterised by thriving farming industries, including beef, cotton, grapes and citrus. Major freight routes intersect the region, with the Capricorn Highway linking the coast to the outback and the Gregory Highway connecting northern Queensland and New South Wales. Pristine natural attractions, such as Carnarvon Gorge and the Sapphire Gemfields, are driving an emerging tourism market. A population of more than 28,000 with a median age of 33 helps to underpin the Central Highlands’ economic strength of a skilled, locally-based workforce. Indicator Central Queensland Period Source (year) Highlands Demographics Estimated resident population 28,645 5,011,216 2018 ABS (2019a) Projected population 30,133 7,161,661 2041 QGSO (2018b) (Medium series) Resident population growth 0.2% 1.6% 2016–2041 QGSO (2018b) (Medium series) (annual average) Resident and non-resident -0.1% – 2016–2021 QGSO (2018a) (Medium series), QGSO (2018c) & population growth QGSO (2018d) (Series A) Median age 33 37 2016 ABS (2017) Median personal income (weekly) $843 $660 2016 ABS (2017) Median household income (weekly) $1,823 $1,402 2016 ABS (2017) Employment Unemployment rate 4.4% 6.2% 2018 Department of Jobs and Small Business (2019) Labour force 16,190 2,648,089 2018 Department of Jobs and Small Business (2019) Non-residential workforce 4,045 – 2018 QGSO (2018c) Industry Gross regional product $3.93bn $348.97bn 2018 REMPLAN (2019) Passengers Emerald Airport 206,748 – 2017–18 CHRC (2019) 4 Central Highlands QLD 2019 Economic Profile Demographics Population The Central Highlands +0.2% +0.2% 30,133 population is predicted Population growth Forecast population Population to remain steady in per year from growth per year from by 2041 contrast to the state 2008 to 2018 2016 to 2041 average Population The estimated resident population in the Central Highlands as at 30 June 2018 is 28,645 people. Between 2008 and 2018 the Central Highlands (estimated resident) population increased by 555 people (2.0%), with an average annual compound population growth of 0.2% between 2008 and 2018. The Central Highlands population peaked at 29,782 in 2013 and began to experience a decline thereafter. 35,000 30,000 29,082 29,541 29,741 29,782 29,598 29,143 28,090 28,714 28,690 28,604 28,645 25,000 20,000 15,000 10,000 5,000 0 Year 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Source: ABS (2019a) Population projections Queensland Government population projections, 2018 edition (medium series) were released in November 2018. Between 2016 and 2041, the population of the Central Highlands is projected to increase by 1,350 people. This is equivalent to an annual average increase of 0.2% between 2016 and 2041. Population projections by age cohort – Central Highlands Year 0–14 15–29 30–49 50–64 65–79 80+ Total 2016 7,227 5,743 8,848 4,878 1,775 312 28,783 2021 6,984 5,544 8,395 4,945 2,320 470 28,658 2026 6,616 5,657 8,239 4,808 2,842 682 28,845 2031 6,503 5,743 8,315 4,618 3,181 959 29,319 2036 6,513 5,714 8,309 4,666 3,317 1,236 29,755 2041 6,542 5,603 8,402 4,756 3,315 1,514 30,133 2016–2041 -685 -140 -446 -122 1,540 1,202 1,350 Source: QGSO (2018b) Central Highlands Development Corporation 5 Demographics Population projections The majority of the 65–79 years Central Highlands Age group projected to experience population sits within the largest increase in population the workforce working from 2016 to 2041 (1,540 people) age demographic of 15–65 Population projections by age cohort – Central Highlands 2016 2026 2036 2041 10,000 8,000 8,848 8,402 8,309 8,239 6,000 7,227 6,616 6,513 6,542 5,743 5,714 5,657 4,000 5,603 4,878 4,756 4,808 4,666 3,317 2,000 3,315 1,514 2,842 1,236 682 1,775 312 0 Age 0–14 15–29 30–49 50–64 65–79 80+ Source: QGSO (2018b) Population growth comparison Central Highlands Central Queensland SA4 Queensland 2.00 1.75 1.7% 1.5% 1.6% 1.50 1.5% 1.4% 1.25 1.1% 1.00 1.0% 0.9% 0.9% 0.75 0.50 0.4% 0.3% 0.3% 0.3% 0.25 0.1% 0 Year 2016–2021 2021–2026 2026–2031 2031–2036 2036–2041 -0.25 -0.1% Source: QGSO (2018a) For each five year period from 2016 to 2041, the annual average population growth in the Central Highlands is projected to gradually increase then remain steady.
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