1. Scenic Rim Regional Economic Snapshot

2. Introduction Area: 4,250 sq kilometres Population: 39,757
Larger than the combined areas of Gold Coast, Logan, Ipswich and Redland City Councils

3. Introduction
Scenic Rim Economic Brief contains key economic indicators:
Population
Gross Regional Product
Local Business Numbers
Employment
Income
Housing
Property Investment
Property Market
Regional Industry
Transport & Logistics
Tourism
Lifestyle

4. Introduction
LocalEconomy is an online economic profile that provides a comprehensive snapshot of current conditions of the Bundaberg local economy along with comparative benchmarks with regional, state and national averages.
LocalEconomy also includes LGA Performance Ratings as exclusively compiled by Lawrence Consulting.

5. Local Business 4,138 local businesses in Scenic Rim
Est. turnover of $1.4B; avg. turnover of $327,500
96% of businesses have a turnover of less than $2M

6. Economic Growth GRP for Scenic Rim was $1.8B in 2015/16
Economic growth of 2.0% (West Moreton 1.7%)
Average growth of 0.9% p.a. over last 5 years

7. Economic Growth Contribution of major industries to GRP:
Agriculture $403.5M (22.7%)
Construction $157.6M (8.9%)
Public Admin & Safety $118.4M (6.7%)
Health Care $115.0M (6.5%)
Education & Training $112.0M (6.3%)
Accomm & Food Service $84.7M (4.8%)
Retail Trade $76.2M (4.3%)

8. Population
Over the past five years, the population of Scenic Rim (39,757 persons) has grown by 2,590 persons, or an average annual rate of 1.4%
Level
2015
Ann
% chg
Avg ann
% chg ( )
2036
% chg ( )
Scenic Rim
39,757
0.8
1.4
62,289
2.2
Beaudesert
13,735
1.2
1.9
30,980
3.9
Boonah
11,679
0.0
0.9
15,470
1.3
Tamborine-Canungra
14,343
1.1
15,766
0.5
West Moreton
102,562
1.8
154,207
2.0
Queensland
4,778,854
1.6
6,763,153
1.7

9. Population
Population of Scenic Rim forecast to increase by 22,500 persons by 2036
3rd fastest growing LGA in QLD

10. Employment
Number of employed residents in Scenic Rim grew by 716 persons, or 4.2% to 17,939 in Sept Qtr 2016
Labour force increased annually by 3.6%

11. Employment
The unemployment rate in Scenic Rim was 5.9% in the Sept Qtr 2016 – annual fall of 0.5%
Below West Moreton (7.3%) and QLD (6.1%)

12. Employment
The participation rate in Scenic Rim (57.6%) is higher than average for QLD (64.7%)
The dependency ratio has increased by 5.5% over past five years to 63.8% in 2015
Level
Sep Qtr 2016
Qtrly
% chg
Ann
Employed persons (no.)
17,939
0.5
4.2
Unemployed (no.)
1,121
-0.3
-4.6
Unemployment rate(a) (%)
5.9
0.0
-0.5
Labour force (no.)
19,060
3.6
Participation rate (2015)
57.6
n.a.
-0.4
Dependency ratio (2015)
63.8
1.3

13. Transport & Logistics
Bromelton – dominant centre for industry, business & employment in SEQ.
1,000 ha of developable industrial land.
SCT precinct has annual capacity of 1.3m tonnes.
Annual road freight movements btw Qld and Southern states approx. 29M tonnes

14. Other Key Highlights
Dwellings approvals in Scenic Rim increased annually by 13.9% to 286 in year to Sept Qtr 2016
Value of non-residential approvals grew substantially by 131.1% to $31.2M
Median house price in Scenic Rim increased by 10.4% to $425,000 in Sept Qtr 2016
Rental yields for residential property in Scenic Rim (4.6%) significantly higher than Brisbane (3.5%)
Projected increase in number of households of 9,480 by 2036
Per capita income in Scenic Rim ($24,340) above West Moreton ($23,016) but below QLD ($30,596)