2019
Economic and Population
Indicators
Contents VOLUME 1 - Population........................................................... 4 Fast Facts....................................................................................................... 4 Population Size and Growth....................................................................... 5 Age Structure............................................................................................... 6 Income Levels............................................................................................... 9 Households..................................................................................................12
VOLUME 2 - Housing and Land............................................. 14 Fast Facts......................................................................................................14 Housing Prices.............................................................................................14 Rental Prices................................................................................................15 Housing Affordability.................................................................................17 Residential Sales Volume............................................................................18 Construction Activity..................................................................................18 Current Land Supply...................................................................................18
VOLUME 3- Business, Industry and Investment.................... 20 Fast Facts..................................................................................................... 20 Key Industries............................................................................................. 20 Business Environment................................................................................ 23 Visitor Economy......................................................................................... 29 Major and Community Events................................................................... 30
VOLUME 4- Workforce and Skill............................................ 31 Fast Facts......................................................................................................31 Unemployment...........................................................................................31 Labour Force Participation........................................................................ 32 Skills, Education and Training................................................................... 33 Commuting and Transport........................................................................ 36
References.............................................................................. 37
To obtain this information in languages other than English, or in other formats (including audio, electric, Braille or large print), please contact Latrobe City Council on 1300 367 700.
ECONOMIC AND POPULATION INDICATORS
3
VOLUME 1
Population This segment provides an overview of population and demographic data for residents living in Latrobe City and Gippsland. Latrobe City’s population is expected to continually grow over the next two decades with a 0.69% projected annual change from 2016 through to 2031.
Projected Population Latrobe City and Gippsland Latrobe
Gippsland
350000 250000 150000
% 1.33 GIPPSLAND
POPULATION GROWTH 2016–2031
POPULATION GROWTH 2016–2031
ANNUAL
50000 0
% 0.69 LATROBE
2017
2031
2017
2031
ANNUAL
FAST FACTS $544
WEEKLY MEDIAN PERSONAL INCOME (2016)
LARGEST INDUSTRY BY EMPLOYMENT (2017) Health Care and Social Assitance
5,385 4,289
BUSINESSES (2017)
4
ECONOMIC AND POPULATION INDICATORS
32,389
LABOUR FORCE (2017)
1% SHARE OF STATE ECONOMY (2017)
Population Size and Growth • Latrobe City is one of four Regional Cities in Victoria, the population is forecast to grow by 0.69% annually • In 2013 Latrobe City’s population was 73,846 and grew by 766 by 2017 to 74,612 • Based on the 2016 report ‘Victoria in Future’ Latrobe City’s population is forecast to grow annually by 505 to 2031
Historic and Projected Population Growth in Latrobe and Gippsland Latrobe
350000
Gippsland
250000 150000 50000 0 2011
2031
2011
2031
Latrobe City’s Population by Suburb (2017) TOWN
POPULATION
Traralgon (includes Traralgon East and Traralgon South)
27,226
Morwell
13,774
Moe (includes Moe South)
9,320
Newborough
6,760
Churchill
4,784
Hazelwood
1,478
Yinnar (includes Yinnar South)
1,589
Yallourn North
1,543
Glengarry (includes Glengarry North and Glengarry West)
1,399
Boolarra (includes Boolarra South)
1,109
Historic and Projected Annual Population Growth Rates Latrobe
Gippsland 1.5% 1.36%
1.31%
1.23%
1.22%
1.2%
0.9%
0.92%
0.89% 0.73% 0.64%
0.6%
0.38%
0.3%
0.0% -0.04%
Toongabbie
992
Tyers
825
-0.3% 2006 to 2011
2011 to 2016
2016 to 2021
2021 to 2026
2026 to 2031
Source: Victoria in Future, 2016
ECONOMIC AND POPULATION INDICATORS
5
Historic and Projected Population Growth in Victoria’s Regional Cities and Gippsland YEAR
LATROBE
GEELONG
BENDIGO
BALLARAT
GIPPSLAND
2006
70,536
205,686
96,543
88,451
243,299
2011
73,788
215,837
101,995
95,185
259,816
2016
73,646
233,349
110,446
103,249
268,138
2021
75,038
253,247
121,687
113,800
284,629
2026
77,775
274,085
133,058
125,235
303,202
2031
81,222
296,360
144,632
136,873
321,743
Source: Victoria in Future, 2016
Age Structure • In 2016, Latrobe City had the highest median age of 44.3 years compared with the other three regional cities of Victoria • Out of the 73,257 people in Latrobe City (2016) 12.2% or 8,913 persons were aged between 40 to 49 years • The age bracket that contained the most people was 50 to 59 years with 14.03% or 10,277
6
ECONOMIC AND POPULATION INDICATORS
Past and Future Latrobe City Predicted Population by Age Group 20000
15000
10000
5000
0
0-4
5-14
15-19
Latrobe 2016
20-34
35-54
Latrobe 2021
55-74
75+
Latrobe 2031
Source: Remplan, 2016; Victoria in Future, 2016
Past and Future Gippsland Predicted Population by Age Group 80000 60000 40000 20000 0 0-4
5-14
15-19
Gippsland 2016
20-34
35-54
Gippsland 2021
55-74
75+
Gippsland 2031
Source: Remplan, 2016; Victoria in Future, 2016
ECONOMIC AND POPULATION INDICATORS
7
Historic Age Break Down by Gender (1991 to 2016) Females
90+ 85-89 80-84 75-79 70-74 65-69 60-64 55-59 50-54 45-49 40-44 35-39 30-34 25-29 20-24 15-19 10-14 5-9 0-4
1996
Males
100+ 95-99 90-94 85-89 80-84 75-79 70-74 65-69 60-64 55-59 50-54 45-49 40-44 35-39 30-34 25-29 20-24 15-19 10-14 5-9 0-4 100+ 95-99 90-94 85-89 80-84 75-79 70-74 65-69 60-64 55-59 50-54 45-49 40-44 35-39 30-34 25-29 20-24 15-19 10-14 5-9 0-4
2016
3000
8
2006
2000
1000
ECONOMIC AND POPULATION INDICATORS
0
0
1000
2000
3000
Share of Population by Age Group (2016) 15
Regional City Average Geelong
12
Bendigo Ballarat
9
Latrobe City 6
3
0 0-4
5-9
10-19
20-29
30-39
40-49
50-59
60-69
70-79
80-89
90-99
100+
Source: Remplan, 2016
Income Levels • In 2016, 34.2% of the Latrobe City workforce earnt between $1 and $400 per week compared to 17.5% earning between $1,000 and $1,999 • There were 7.3% of people over the age of 15 in 2016 who reported earning nil income in Latrobe City • In 2017, 10,052 reported that they received the age pension as either a one off, or their sole means of income • 7,424 Pension Concession Rebates were applied to private rateable properties throughout Latrobe City during the 17/18 financial year
ECONOMIC AND POPULATION INDICATORS
9
Estimates of Weekly Personal Income Levels (2016) LGA (UR)
LATROBE
GIPPSLAND
VICTORIA
267
1,202
27,121
Nil income
4,365
15,078
467,929
$1 to $149 ($1 to $7,799)
2,639
9,609
218,512
$150 to $299 ($7,800 to $15,599)
5,138
18,476
349,962
$300 to $399 ($15,600 to $20,799)
6,535
25,279
406,878
$400 to $499 ($20,800 to $25,999)
6,227
24,191
391,306
$500 to $649 ($26,000 to $33,799)
5,167
20,416
360,834
$650 to $799 ($33,800 to $41,599)
4,535
18,256
366,105
$800 to $999 ($41,600 to $51,999)
4,446
17,456
404,215
$1,000 to $1,249 ($52,000 to $64,999)
4,025
15,842
407,043
$1,250 to $1,499 ($65,000 to $77,999)
2,652
9,743
278,096
$1,500 to $1,749 ($78,000 to $90,999)
2,170
7,552
226,824
$1,750 to $1,999 ($91,000 to $103,999)
1,635
5,150
153,097
$2,000 to $2,999 ($104,000 to $155,999)
2,372
6,646
220,800
$3,000 or more ($156,000 or more)
1,206
3,866
143,874
Not stated
6,613
24,709
423,109
Not applicable
13,258
47,796
1,080,919
TOTAL
73,257
271,267
5,926,624
Negative income
Median Personal Income Data Source: Census of Population and Housing, 2016, TableBuilder
ANNUAL
WEEKLY
LATROBE
$544
10
GIPPSLAND
$541
VICTORIA
$644
ECONOMIC AND POPULATION INDICATORS
LATROBE
GIPPSLAND
VICTORIA
$28,385 $28,229 $33,581
Estimates of Weekly Household Income Levels (2016) LGA
LATROBE
GIPPSLAND
VICTORIA
65
319
6,036
Nil income
343
1,181
37,227
$1 to $149 ($1 to $7,799)
258
1,040
17,990
$150 to $299 ($7,800 to $15,599)
909
2,961
44,893
$300 to $399 ($15,600 to $20,799)
1,283
4,236
58,679
$400 to $499 ($20,800 to $25,999)
2,684
10,142
133,800
$500 to $649 ($26,000 to $33,799)
1,715
6,211
91,830
$650 to $799 ($33,800 to $41,599)
2,630
10,322
146,983
$800 to $999 ($41,600 to $51,999)
2,133
8,571
142,558
$1,000 to $1,249 ($52,000 to $64,999)
2,320
9,546
173,729
$1,250 to $1,499 ($65,000 to $77,999)
1,974
7,884
157,392
$1,500 to $1,749 ($78,000 to $90,999)
1,500
5,688
129,055
$1,750 to $1,999 ($91,000 to $103,999)
1,451
5,353
121,471
$2,000 to $2,499 ($104,000 to $129,999)
2,429
8,324
223,841
$2,500 to $2,999 ($130,000 to $155,999)
1,351
4,528
136,112
$3,000 to $3,499 ($156,000 to $181,999)
823
2,460
84,845
$3,500 to $3,999 ($182,000 to $207,999)
683
2,087
75,418
$4,000 to $4,499 ($208,000 to $233,999)
335
962
37,575
$4,500 to $4,999 ($234,000 to $259,999)
287
888
35,055
$5,000 to $5,999 ($260,000 to $311,999)
189
581
32,572
$6,000 to $7,999 ($312,000 to $415,999)
108
447
27,432
25
92
3,607
Partial income stated
1,938
7,395
158,771
All incomes not stated
1,044
3,980
60,567
28,477
105,198
2,137,438
Negative income
$8,000 or more ($416,000 or more)
TOTAL
Median Household Income Data Source: Census of Population and Housing, 2016, TableBuilder
ANNUAL
WEEKLY
LATROBE
$1,078
GIPPSLAND
$1,051
VICTORIA
$1,417
LATROBE
$56,211
GIPPSLAND
VICTORIA
$54,803 $73,888
ECONOMIC AND POPULATION INDICATORS
11
Households • At the time of the 2016 census, 27,004 people stated they owned a house with a mortgage • The average household consisted of 2.3 people (2016) • The most common monthly mortgage repayment is $1,000 to $1,199 (2016) Figure 1.14: Composition of Household Growth - Selected Locations, 2016 to 2031 1% 1%
Other family
2% 2%
Group household
11%
One-parent family
9% 26%
Couple family with children
12% 28%
Couple family without children
33% 31%
Lone person
44%
Victoria
0%
Latrobe
50%
Source: Victoria in Future 2015, Department of Environment, Land, Water and Planning (DELWP)
Comparative Household Structure (2016) Latrobe ONE FAMILY HOUSEHOLDS
MULTIPLE FAMILY HOUSEHOLDS
0.7%
60.9%
65.1%
Gippsland
Victoria
LONE PERSON HOUSEHOLDS
GROUP (SHARE) HOUSEHOLDS 29.0%
23.3%
OTHER HOUSEHOLDS 2.6%
5.7%
6.8%
4.3% 1.6% 0.7% 61.9%
27.7%
Data Source: Census of Population and Housing, 2016, TableBuilder
12
ECONOMIC AND POPULATION INDICATORS
2.3%
7.4%
Comparative Dwelling Structure (2016) LATROBE
GIPPSLAND
VICTORIA
29,390
128,869
1,816,919
Semi-detached, row or terrace house, townhouse etc. with one storey
2,142
5,604
228,073
Semi-detached, row or terrace house, townhouse etc. with two or more storeys
159
978
129,887
2,105
4,711
130,181
Flat or apartment in a three storey block
0
109
64,031
Flat or apartment in a four or more storey block
0
24
122,822
Flat or apartment attached to a house
5
17
524
Caravan
41
728
4,408
Cabin, houseboat
77
640
5,326
Improvised home, tent, sleepers out
16
236
2,202
House or flat attached to a shop, office, etc.
27
260
7,533
147
719
9,002
34,109
142,895
2,520,908
Separate house
Flat or apartment in a one or two storey block
Not stated TOTAL
Latrobe SEMI -DETACHED, ROW OR TERRACE HOUSE, TOWNHOUSE ETC.
SEPARATE HOUSE
14.2%
Victoria
FLAT OR APARTMENT, HOUSE OR FLAT ATTACHED TO A SHOP, OFFICE ETC.
6.7%
86.2%
72.1%
Gippsland
6.3%
CARAVAN, CABIN, HOUSEBOAT, IMPROVISED HOME, TENT, SLEEPERS OUT 0.4%
0.5%
12.9%
4.6% 90.2%
3.6% 1.1%
Source: Census of Population and Housing, 2016, TableBuilder
ECONOMIC AND POPULATION INDICATORS
13
VOLUME 2
Housing and Land
$
Compared to Victoria’s other three Regional Cities, Latrobe City’s residential house value is more affordable with a median house price of $223,000 and the median rent value approximately $240 per week. In 2016 the median house price in Latrobe City was $210,000 compared to 2017 where it was listed at $223,000, an approximate increase of 6%.
VACANT SINCE 2000
LAND PRICES HAVE STAYED
HOUSING PRICES IN LATROBE CITY
WITHIN SIMILAR PRICE RANGES
HAVE INCREASED
BY
SINCE 2012
238%
COMPARED TO OTHER REGIONAL CITIES LATROBE CITY’S HOUSING REMAINS COMPETITIVELY • AFFORDABLE
Housing Prices
FAST FACTS $1.97M
BUILDING APPROVALS (2017/18)
229
DWELLING APPROVALS (2017/18)
1,361
$240
NUMBER OF HOUSES SOLD (2017)
MEDIAN WEEKLY RENT (DEC 2017)
Latrobe City Median Housing Prices (2000 to 2017) House
Unit/Flat
Vacant House Block
250000 200000 150000 100000 50000 0 2000
2002
2004
2006
Source: DELWP, 2017
14
ECONOMIC AND POPULATION INDICATORS
2008
2010
2012
2014
2017
Housing Prices, Latrobe City and other Gippsland’s Municipalities Bass Coast
East Gippsland
Wellington
Baw Baw
South Gippsland
Latrobe
400000 350000 300000 250000 200000 2014
2015
2016
2017
Source: DELWP, 2017
Latrobe City Median House Prices Compared to Regional Cities Geelong
Ballarat
Bendigo
Latrobe
500000 400000 300000 200000 100000 0 2000
2002
2004
2006
2008
2010
2012
2014
2017
Source: DELWP, 2017
Median House Prices, Major Suburbs Traralgon
Newborough
Churchill
Moe
Morwell
300000
200000
100000
2015
2016
2017
Source: DELWP, 2017
Rental Prices • Latrobe City’s rental housing market is relatively affordable for a regional city • Between June 2015 and December 2017, the median rent price ($225) has only increased by $15 • Latrobe City housing prices still remain affordable with a three bedroom house median rent average of $260 • The median rent for a 2-bedroom flat in Moe-Newborough and Morwell ranks in the lowest suburbs in Regional Victoria
ECONOMIC AND POPULATION INDICATORS
15
Median Weekly Rental Price Comparison (all properties), Latrobe, Gippsland and Regional Cities 2000
Geelong Bendigo Ballarat Gippsland Latrobe
350 300
2016
2002
250 200 150 100 2014
2004
50
2012
2006
2008
2010
Source: DHHS, 2018
Median Rental Prices, Latrobe Major Suburbs 2015
2016
2017
$0
$50
$100
Moe/Newborough
Source: DHHS, 2018
16
ECONOMIC AND POPULATION INDICATORS
$150
Morwell
$200
Traralgon
$250
$300
Housing Affordability Housing is more affordable relative to income for Latrobe City residents than other Regional Cities in Victoria. The 2016 median rental price is approximately 42.6% of the average personal income.
Ratio of Median 3-Bedroom House Price to Median Personal Incomes (2016) LATROBE Median Personal Income
$28,385
Median 3Br House Price2
$239,000
1
Ratio
8.42
Please note: 1Calculated from data extracted from ABS, Census 2016, 2Calculated using REMPLAN Property
Housing Stress (2016) LATROBE
GIPPSLAND
VICTORIA
34,167
143,266
2,525,539
9,616
34,056
748,169
1,275
5,664
113,385
Mortgage Stress
13.3%
16.6%
15.2%
Rented Dwellings
7,373
23,311
597,847
Stressed Rented Dwellings
3,078
9,745
203,452
Rental Stress
41.7%
41.8%
34.0%
Housing Stress
12.7%
10.8%
12.5%
Total Number of Dwellings1 Mortgaged Dwellings
2
Stressed Mortgaged Dwellings
Source: calculated by REMPLAN from data extracted from ABS, Census 2016 Notes: 1Occupied Private Dwellings, 2Includes dwellings in ‘Rent to Buy Schemes’
Housing Stress Housing Stress is calculated on 30:40 rule. Stressed households are considered to be in the bottom 40% of households by income and are paying more than 30% of their income in housing costs. Based on Census data, for a household to be in the bottom 40% of households in Australia they have been assumed to be earning less than $714 per week.
ECONOMIC AND POPULATION INDICATORS
17
Residential Sales Volume • Residential transactions in Latrobe City increased to 1,687 sales in 2017 • There were 8% more property transactions in 2017 when compared to 20 years earlier in 1997
Residential Sales Volumes in Latrobe City (1995 to 2017) Houses
Units/Apartments
Vacant House Blocks
$3000
$2000
$1000
0 1995
1997
1999
2001
2003
2005
2007
2009
2011
2013
2015
2017
Source: DELWP, 2018
Construction Activity • The value of construction of new houses totalled $63.3m in 2017/18 financial year • In 2017-18, 218 planning permits were issued worth $108.5m • A total of 229 dwellings were approved in 2017/18 financial year
Planning Applications and Building Approvals PERIOD
VALUE OF ALL BUILDING APPROVALS
NO. OF DWELLINGS APPROVED
VALUE OF PLANNING APPLICATIONS
NO. OF PLANNING PERMITS ISSUED
2015 to 2016
$221,608,700
389
$139,065,233
241
2016 to 2017
$134,320,500
308
$100,315,084
256
2017 to 2018
$197,406,200
229
$108,476,372
218
47%
26%
8%
15%
Change (last year) Source: ABS, 2018; DELWP, 2018
Current Land Supply • Latrobe City offers excellent rural and urban living opportunities, enhanced by Latrobe City’s role as Gippsland’s only major regional city • Structure plans for the four main towns and three of the smaller townships in the municipality have been completed
18
ECONOMIC AND POPULATION INDICATORS
Main Urban Areas Supply
MORWELL 199ha
CHURCHILL 232ha
MOE NEWBOROUGH 566ha
TRARALGON 462ha
Source: Latrobe City Council, 2016 Please note: For a standard residential development, Latrobe City Council’s preferred lot yield is 11 dwelling per net develop-able hectare.
Smaller Town Locations Supply
TOONGABBIE 26ha
BOOLARRA 50ha
YINNAR 86ha
TYERS 46ha
GLENGARRY 36ha
YALLOURN NORTH 30ha
Source: Latrobe City Council, 2016
Exisiting Industrial Land Supply As of 2016, Latrobe City has an estimated 1,685ha of zoned industrial land, of which approximately 770ha are occupied and 915ha are vacant. This equates to a vacancy rate of approximately 54% across the municipality. The Latrobe City Council Industrial and Employment Strategy (2017) provides direction for future industry investment, identifying an estimated 245ha of industry zoned land is suited to light and small scale industry developments, with significant opportunities to expand and establish new heavy and large format industry investment on large sites (including Industrial 2 Zone land) within the Morwell – Maryvale Industry corridor (land situated to north, south and east of Morwell).
MORWELL 625ha
CHURCHILL 10ha
MOE NEWBOROUGH 55ha
TRARALGON 40ha Source: Latrobe City Council, 2016
ECONOMIC AND POPULATION INDICATORS
19
VOLUME 3
Business, Industry and Investment Key Industries Latrobe City is the business hub of Gippsland. There are approximately 4,300 businesses and an estimated 32,389 people working in Latrobe City. In 2017, Latrobe City’s Gross Regional Product (GRP) was $4.871 billion with the economic output approximately $10.798 billion. The largest industries in Latrobe City for employment include healthcare and social assistance, retail trade and public administration.
• In November 2017, Latrobe City’s Gross Regional Product was $4.871 billion which is a 12.2% increase from December 2016 • Latrobe represents 31.24% of the Gippsland regions GRP • The top industries that make the greatest contribution to GRP are Electricity, Gas, Water and Waste Services, Rental, Hiring and Real Estate Services, Health Care and Social Assistance, Construction and Public Administration and Safety
FAST FACTS ONOMI EC
TPUT OU
C
Health Care and Social Assitance
5,385
(DEC 2017)
$10.798 BILLION
GRP (2017)
$4.87
599 TOTAL EVENTS (2017)
20
LARGEST OUTPUT (2017)
LARGEST INDUSTRY BY EMPLOYMENT (2017)
ECONOMIC AND POPULATION INDICATORS
BILLION
4,289
BUSINESSES (2017) EMPLOYMENT IN LATROBE CITY
32,389 (2017)
$2.39
BILLION
$6.1 VISITORS TO MILLION GIPPSLAND
Contributors to Gross Regional Product by Industry, $M Electricity, Gas, Water and Waste Services
$732.895
Rental, Hiring and Real Estate Services
$583.522
Health Care and Social Assistance
$448.083
Construction
$391.680
Public Administration and Safety
$316.941
Manufacturing
$299.688
Education and Training
$254.599
Retail Trade
$241.696
Financial and Insurance Services
$226.468
Mining
$158.854
Professional, Scientific and Technical Services
$139.255
Transport, Postal and Warehousing
$136.201
Agriculture, Forestry and Fishing
$125.492
Accommodation and Food Services
$118.566
Source: REMPLAN, 2017
Top Local Industries by Employment (2017) 5,385 JOBS
3,780 JOBS
2,842 JOBS
2,824 JOBS
2,720 JOBS
2,530 JOBS
Source: REMPLAN, 2017
ECONOMIC AND POPULATION INDICATORS
21
Change in Employment by Industry (2011 to 2017) Manufacturing Retail Trade Wholesale Trade Financial and Insurance Services Information Media and Telecommunications Arts and Recreation Services Agriculture, Forestry and Fishing Rental, Hiring and Real Estate Services Administrative and Support Services Education and Training Professional, Scientific and Technical Services Mining Other Services Transport, Postal and Warehousing
Construction Electricity, Gas, Water and Waste Services Accommodation and Food Services Public Administration and Safety Health Care and Social Assistance
-1000
-500
0
500
1000
1500
Construction
Retail Trade
Source: REMPLAN, 2017
Top Employing Industries, Regional Cities (2017)
Construction
Retail Trade
Bendigo Geelong Ballarat
Latrobe Public Administration and Safety
Education and Training
Health Care and Social Assistance
Source: REMPLAN, 2017
22
ECONOMIC AND POPULATION INDICATORS
Education and Training
Manufacturing
Health Care and Social Assistance
2000
Latrobe’s Share of Gippsland Employment (2017)
Education and Training
Construction Electricity, Gas, Water and Waste Services
28% 72%
29% 32%
Manufacturing
32%
41% 35% Public Administration and Safety
Retail Trade
Health Care and Social Assitance Source: REMPLAN, 2017
Business Environment • In 2017, there were 4,289 businesses operating in Latrobe City. 1,175 businesses employed between one to four people • The largest employer for 2018 in Latrobe City was the Latrobe Regional Hospital with approximately 2,000 employees • Latrobe City Council is the second most economic diverse region in Victoria
Total Number of Businesses Registered in Latrobe (2013 to 2017) 5000 4000 3000
4,289
2000
4,325
1000 0
2013
2015
2017
Source: ABS, 2017
Size of Locally Registered Business (2016 to 2017) 57.9%
Non employing
57.8% 27.6%
1 to 4 employees
27.4% 11.8%
5 to 19 employees
12% 2.9%
20+ employees
2.8% 0
10
20
30
2016
40
50
60
2017
Source: ABS, 2017
ECONOMIC AND POPULATION INDICATORS
23
Measure of Economic Diversity The diversity of Latrobe City’s economy is highly ranked against other Victorian Local Government Areas. Based on 2016 Census data it is ranked the second most diverse Local Government Area economy in Victoria and 45th in Australia. Economic diversity aims to measure the distribution of activity across an economy. A diverse economy will have activity in all sectors, becoming more diverse as the activity is more evenly distributed across all industry sectors. Conversely, an economy which is not diverse will have a concentration of activity in a single, or very small number of industries. Remplan index of economic diversity applies a similar approach to the calculation of the HerfindahlHerschman Index, but utilises region specific data for employment by industry, business counts by industry and occupations of workers to determine the level of economic diversity relative to other regions in Australian and the State.
LGA Economic Diversity in Victoria Other Ballarat Bendigo Geelong Latrobe City Less diverse
More diverse
LGA Economic Diversity in Australia
Other Ballarat Bendigo Geelong Latrobe City Less diverse
24
More diverse
ECONOMIC AND POPULATION INDICATORS
Ranking Latrobe City ranked second out of 79 in Victoria.
LATROBE
45/538 IN AUS
BENDIGO
BALLARAT
5
13
GEELONG
15 LATROBE
2
Source: Calculated by REMPLAN using ABS 2016 Census Place of Work Employment; ABS Counts of Australian Businesses, including Entries and Exits Cat. 8165.0.
ECONOMIC AND POPULATION INDICATORS
25
Top Industries for Employment (2016) Electricity, Gas, Water and Waste Services Rental, Hiring and Real Estate Services
Public Administration and Safety
Wholesale Trade
Manufacturing
Professional, Scientific and Technical Services
Arts and Recreation Services
Health Care and Social Assistance
Retail Trade
Transport, Postal and Warehousing
Education and Training
Construction
Agriculture, Forestry and Fishing
Financial and Insurance Services
Other Services
Mining
Accommodation and Food Services Information Media and Telecommunications
Administrative and Support Services 20
15
10
5
0
Latrobe
Geelong
Source: REMPLAN, 2016
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ECONOMIC AND POPULATION INDICATORS
Bendigo
Ballarat
Location Quotient The location quotient formula allows economists to evaluate the strength and size of a particular industry in Latrobe relative to a broader economic region such as the state or nation. Location Quotients are a simple way of identifying the diversity of the local economy. When the location quotient (LQ) =1 that means local industry is proportionate in size to the benchmarks region.
If LQ<1, the industry is smaller than the broader region and imports may be needed to meet local demand. If LQ>1, the industry is more than sufficient to meet local demand and is highly concentrated in the local economy.
Economic Strengths ECONOMIC DIVERSITY (EMPLOYMENT) AS BENCHMARKED AGAINST THE VICTORIAN STATE USING LOCATION QUOTIENT FORMULA
LATROBE
BALLARAT
BENDIGO
GEELONG
Agriculture, Forestry and Fishing
0.85
0.42
0.97
0.41
Mining
0.92
0.43
1.03
0.09
Manufacturing
1.06
1.28
1.19
1.20
Electricity, Gas, Water and Waste Services
6.89
0.81
1.17
1.15
Construction
0.98
1.00
1.06
1.08
Wholesale Trade
0.52
0.72
0.62
0.71
Retail Trade
1.13
1.17
1.17
1.31
Accommodation and Food Services
0.91
1.09
1.02
1.06
Transport, Postal and Warehousing
0.72
0.71
0.68
0.75
Information Media and Telecommunications
0.57
1.21
0.69
0.52
Financial and Insurance Services
0.47
0.43
1.14
0.72
Rental, Hiring and Real Estate Services
0.73
0.68
0.61
0.75
Professional, Scientific and Technical Services
0.48
0.69
0.57
0.70
Administrative and Support Services
0.79
0.66
0.81
0.82
Public Administration and Safety
1.26
0.78
0.79
0.80
Education and Training
0.93
1.23
1.02
1.20
Health Care and Social Assistance
1.26
1.44
1.37
1.33
Arts and Recreation Services
0.58
1.25
0.87
0.96
Other Services
0.97
0.96
1.02
0.99
Region Diversity
1.46
1.09
1.06
1.08
Source: REMPLAN, 2016
ECONOMIC AND POPULATION INDICATORS
27
Largest Employers in Latrobe City (2018) BUSINESS Latrobe Regional Hospital
2,000
Latrobe City Council
963
Australian Paper
847
AGL â&#x20AC;&#x201C; Loy Yang
700 (includes 100 contractors)
Department of Human Services
635
Latrobe Community Health
587
Energy Australia
530 (includes 330 contracts)
Federation University
500
ASIC
307
Gippsland Water
287
Source: Latrobe City Council, 2018
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APPROXIMATE NO OF EMPLOYEES
ECONOMIC AND POPULATION INDICATORS
Visitor Economy â&#x20AC;˘ There was a total of 6,119,000 visitors to Gippsland in 2017/18 of which 1,088,000 visited Latrobe City
Tourism Output Breakdown Output: $195,478,000 (2016) $252,220,000 (2017) Output attributable to the visitor economy:
â&#x20AC;˘ The visitor source into Latrobe City was made up of 44% Melbourne, 42% Regional Victoria, 7% NSW and 7% other
Profile of Visitors to the Latrobe Region
2016
2017
$66.191 (M)
$95.339 (M)
Accommodation and Food Services
Accommodation and Food Services
$36.191 (M)
$43.940 (M)
Retail Trade
Transport, Postal and Warehousing
$24.727 (M) 7,000
232,000
1,088,000
International Overnight
Domestic Overnight
Domestic Daytrip
Source: Destination Gippsland, 2018 Note: Due to quality issues with the incoming passenger data, International Visitor Survey and total travel results for the YE Mar 18 are preliminary.
$40.400 (M)
Transport, Postal and Warehousing
Retail Trade
$19.313 (M)
$17.271 (M)
Education and Training
Manufacturing
$13.074 (M)
$15.609 (M)
Manufacturing
Education and Training
Source: Destination Gippsland, 2018
Employment attributed to the visitor economy:
2015
2016
2017
1,090
1,244
1,614
Source: REMPLAN, 2016
ECONOMIC AND POPULATION INDICATORS
29
Major and Community Events • Latrobe City’s unique selling point for sporting events is the diversity of venues and facilities on offer. Latrobe City Council own and operate a number of these facilities that have enormous capacity to host a variety of sporting events played at all levels of competition • Sporting events that fill the calendar on a yearly basis include the following sporting codes: AFL and WAFL, FFA, swimming, cricket, water skiing, roller-blading, basketball, netball, baseball, cycling, super cross and motor cross, archery and more • 599 events were facilitated and managed by Latrobe City Council in 2017. These included international, national, state/regional and local/community events • New major events were also attracted to Latrobe City including the NBL Blitz, The Big Bash League’s Valley Smash Cricket Match, AFLW in season match and AFL pre-season match between Collingwood Vs Bulldogs • Latrobe City Council support a great number of annual event sponsorships including Latrobe City ATP Men’s Challenger Tennis, The Tour of Gippsland, The National Archery Championships, The Latrobe City WIN Traralgon Golf Club Pro-Am, The Latrobe City International Water-ski Championships and The Latrobe City Traralgon Cup
Event Break Down International
National
Types of Events State/Region
Local/Community
Sports
10
61%
14 29
Community
35%
546
Source: Latrobe City Council, 2017
Arts/Cultural
3%
Event Economic Impact 2017/18 Direct Spend $12.5m Indirect Spend $6.2m Total Economic Impact $18.7m Local/Community 546 Source: Latrobe City Council, 2017
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ECONOMIC AND POPULATION INDICATORS
Source: Latrobe City Council, 2017
Latrobe City Council events return on investment $41/$1 Latrobe City Council, 2018
VOLUME 4
Workforce and Skill It is estimated that 32,389 people work within Latrobe City which represents 30.65% of the 105,677 people working in the Gippsland region and 1.19% of the working population in Victoria. Despite this, unemployment is high in Latrobe City, at June 2018 unemployment was 9.5%. Latrobe City is home to Federation University Gippsland Campus and TAFE Gippsland the Gippsland tafe provider.
Historical and Present Unemployment Rate Latrobe City and Gippsland Jun-17
Dec-17
Jun-18
10% 8% 6% 4% 2% 0%
Unemployment
Latrobe
Geelong
Bendigo
Ballarat
Gippsland
Source: REMPLAN, 2018
• Latrobe City has an unemployment rate of 9.5% in June 2018 which is higher than the unemployment rate of Gippsland which is 7.7%
Source: Small Area Labour Markets, 2018 (June Quarter)
• In June 2017 the unemployment rate was 9.7% and decreased by 0.2% in June 2018
FAST FACTS 32,389
LOCAL ENROLMENTS
11,451 SCHOOL
4,940 TAFE
2,134
UNIVERSITY
LABOUR FORCE (2017)
35.1%
YEAR 12 COMPLETION (2016)
15,033
CERTIFICATE LEVEL COMPLETION (2016)
ECONOMIC AND POPULATION INDICATORS
31
Local Unemployment Rates in Latrobe City Churchill
Moe/Newborough
Morwell
Traralgon
Yallourn North/Glengarry
15%
20%
Jun-16
Sep-16
Dec-16
Mar-17
Jun-17
Sep-17
Dec-17
Mar-18
Jun-18
0%
5%
10%
25%
Source: Small Area Labour Markets, 2018 (June Quarter)
Labour Force Participation Labour Force (2016) LGA (UR)
LATROBE
GIPPSLAND
VICTORIA
Employed, worked full-time
16,855
61,494
1,670,557
Employed, worked part-time
10,736
41,228
920,876
Employed, away from work
1,901
7,692
144,694
Unemployed, looking for full-time work
2,107
5,160
103,129
Unemployed, looking for part-time work
1,045
3,065
90,340
22,395
87,036
1,610,132
4,958
17,793
305,978
Not applicable
13,260
47,799
1,080,918
TOTAL
73,257
271,267
5,926,624
Not in the labour force Not stated
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ECONOMIC AND POPULATION INDICATORS
Employment Rate
Participation Rate
Latrobe
Gippsland
Victoria
90.3%
93.1%
93.4%
Latrobe
54.4%
Gippsland
Victoria
53.1%
60.5%
Source: Census of Population and Housing, 2016, TableBuilder
Skills, Education and Training • In Latrobe City there are 31 Primary Schools, 12 Secondary Schools, 1 University (Federation University), 3 Tafe Campuses (TAFE Gippsland) and 3 Special Schools TAFE Gippsland had 4,940 course enrolments in 2017 for the three campuses in Latrobe City
Total School Enrolments (2000 to 2018) February 15000
12000
9000 2000
2009
2018
Source: Department of Education and Training, 2018
Post-Compulsory Qualifications (2016) LGA
LATROBE
BALLARAT
BENDIGO
GEELONG
Post Grad
2.71%
5.74%
4.21%
5.38%
Grad Diploma and Grad Certificate
2.65%
4.76%
4.35%
3.93%
Bachelor Degree
13.88%
22.05%
19.52%
22.07%
Advanced Diploma and Diploma
13.19%
14.56%
14.10%
15.99%
Certificate Level
44.50%
35.44%
38.60%
35.13%
0.97%
0.99%
1.08%
1.08%
22.02%
16.45%
18.14%
16.41%
Inadequately Described Level of Education not stated Source: REMPLAN, 2016
This data set excludes people that fall within the “not applicable” category. Not applicable includes - Persons who have a qualification that is out of scope of this classification, Persons with no qualification, Persons still studying for a first qualification, Persons aged under 15 years.
ECONOMIC AND POPULATION INDICATORS
33
Highest Level of Schooling (2016) Year 12
Year 11
Geelong
Year 10
Year 9
Year 8 or below
46%
Bendigo
41%
Ballarat
45%
Latrobe
16%
17%
15%
7%
19%
15%
35%
Did not go to school
18%
9%
17%
20%
6%
6%
1%
6%
8%
9%
1%
7%
0.32%
1%
Source: REMPLAN, 2016
Proportion of Population aged 15+
Apprentices and Trainees in Latrobe City 19 yrs and under
20-24 yrs
25-4 yrs
45 yrs and over
2012
2013
2014
2015
2016
2017
0
500
1000
Source: National Apprentice and Trainee Collection, March 2018 estimates, unpublished
34
ECONOMIC AND POPULATION INDICATORS
1500
2000
TAFE Course Enrolments (2017)
Morwell
Traralgon
Yallourn 0%
5%
10%
15%
20%
Source: TAFE Gippsland, 2017
Federation University Enrolments by Qualification Gippsland Campus Undergraduate
Postgraduate
Other
3000
2000
1000
0 2014
2015
2016
2017
2018
Source: Federation University, 2018 Note: 2018 numbers are as of 29/08/2018 and this would be subject to change once 2018 is over. The total enrolment is a distinct count of students and does not factor students who have changed programs during the semesters. The individual count may be higher for this reason.
ECONOMIC AND POPULATION INDICATORS
35
Commuting and Transport People Commuting to and from Latrobe City for Work (2017)
Melbourne 116 Monash 77
Dandenong 67
Casey Casey 157157
Baw Baw 4,360 1,035
Cardinia Cardinia 199 199
Wellington 1,842 886
Latrobe BassCoast Coast Bass 51 51
South Gippsland 556 170 Commuting to Latrobe Commuting from Latrobe
Source: REMPLAN, 2017
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ECONOMIC AND POPULATION INDICATORS
Travel to Latrobe for Work by Destination and Mode (2016) ORIGIN
PERSONS
PERCENTAGE
TOTAL
PUBLIC TRANSPORT
PRIVATE MOTOR VEHICLE
WORKED FROM HOME
DID NOT GO TO WORK
24,831
0.64%
79.34%
2.91%
12.40%
Baw Baw Shire
2,800
1.28%
82.11%
0.54%
12.32%
Wellington Shire
1,304
0.00%
83.82%
0.77%
13.34%
South Gippsland Shire
476
0.00%
85.92%
1.05%
11.97%
Cardinia Shire
200
4.50%
76.50%
4.00%
12.50%
City of Casey
163
4.91%
80.37%
1.84%
9.20%
Latrobe City
Source: REMPLAN 2016
ECONOMIC AND POPULATION INDICATORS
37
References ABS, 2016. Australian Census 2016. Australian Bureau of Statistics, Canberra. DELWP, 2018. Property Prices. Department of Environment, Land, Water and Planning, Melbourne Department of Education and Training, 2017. School Reporting and Data Services Group, Performance and Evaluation Division. Department of Education and Training, Melbourne. Destination Gippsland, 2018. Visitor Statistics. Destination Gippsland, Mirboo North DHHS, 2018. Rental Report. Department Health and Human Services, Melbourne Tafe Gippsland, 2017. Annual Report. Tafe Gippsland, Gippsland Federation University, 2018. FedUni Students for Gippsland campus split by Level type and Course of study type, unpublished. Federation University, Churchill. NCVER, 2017. National Apprentice and Trainee Collection â&#x20AC;&#x201C; unpublished. National Centre for Vocational Education Research, Adelaide Remplan, 2016. Community Remplan, Bendigo Remplan, 2017. Economy Remplan, Bendigo Small Area Labour Markets, 2018. Small Area Labour Markets publication. Department of Jobs and Small Business, Melbourne Victoria in Future, 2016. Land use and population research. Department of Environment, Land, Water and Planning, Melbourne. To obtain this information in languages other than English, or in other formats (including audio, electronic, Braille or large print) please contact Latrobe City Council on 1300 367 700. Information within this document was correct at time of print and is subject to change without prior notice.
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ECONOMIC AND POPULATION INDICATORS
ECONOMIC AND POPULATION INDICATORS
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