City of LOGAN PROFILE
MARCH 2016 PROUDLY
office of Economic Development
Contents City of Logan................................ 3 Snapshot....................................... 5 The City of Logan at a glance...... 6 Population..................................... 9 Demographics............................ 11 Employment and labour force... 12 Business..................................... 15 Building and construction.......... 17 Residential market.......................... 19 Industrial market.......................... 21 Resources and definitions......... 23
City of LOGAN Logan City
AUSTRALIA
Noosa Heads
The City of Logan is located in South-East Queensland, situated between the City of Brisbane to the north and City of Gold Coast to the south. The Logan local government area — the gateway to Queensland and the Asia Pacific region — covers 957 square kilometres and has a population of approximately 308,700 people, or 6.4% of Queensland’s population.
Kilcoy
Looking ahead to the next 20 years, Logan will continue to be one of the fastest growing cities Coolum Beach in Queensland. The population is expected to increase by close to 200,000 people and the City of Logan’s objective is to create at least 53,000 jobs to support this Mooloolaba population growth.
business and community services, property and construction, and transport and logistics. This already diverse economy has the potential to grow and diversify further with emerging sectors including AgTech, food and beverage processing, health and aged care. Given its central geographic location and available young workforce, Logan is ideally placed for continued growth in the South-East Queensland region.
Logan is a major economic destination within South-East Caloundra Queensland. Key industries in the city’s economy include manufacturing and retail sectors,
SUNSHINE COAST
Esk CITY OF LOGAN Brisbane Airport
Brisbane Gatton
Port of Brisbane
AUSTRALIA
Ipswich
CITY OF LOGAN
Beenleigh
Rail link Major arterial roads Major roads
Gold Coast Boonah
Beaudesert Surfers Paradise Gold Coast Airport
Tweed Heads
3
Snapshot The City of Logan is home to approximately 308,700 people from more than 215 different cultures. We celebrate our diversity and the rich and varied lifestyle it offers. The Logan local government area is also a very young city with around 50% of residents aged 30 or younger. This adds energy and enthusiasm to our community and gives us a real vibrancy. The City of Logan’s residential neighbourhoods continue to flourish, giving locals a wide range of lifestyle options, from leafy suburbs to bushland acreage. Many older suburbs predating the city’s short history have been revitalised through urban and community renewal partnership projects between Logan City Council and the Queensland Government. Given its strategic geographic location and capable young workforce, the City of Logan has thriving commercial, retail and manufacturing precincts, as well as healthy service and wholesale industries. Logan is ideally located between Brisbane, Ipswich and the Gold Coast, and has direct access to the national highway and rail networks. It has thriving light industrial precincts at Marsden, Crestmead, Slacks Creek, Loganholme and Berrinba, which are continuing to expand to meet the demand of quality, responsible industry.
The City of Logan has nearly 950 environmental and recreational parks, many featuring dog offleash areas, exercise facilities, play equipment and skate ramps. There are pristine bushland reserves and wetlands, as well as manicured waterfront parks along the Logan and Albert Rivers. The natural environment is an important facet to life in Logan, and a popular place to enjoy the bush and its wildlife is the Daisy Hill State Forest and Daisy Hill Koala Centre. There is plenty to do in the City of Logan for lovers of sport and recreation. A wide range of activities are available around the city, from the traditional cricket, rugby, football, netball and tennis to ‘newer’ sports like futsal. We have everything from pigeon racing and model sail boating to bocce, kayaking, martial arts and rocket launching. Our facilities include meticulously manicured golf courses, spectacular aquatic facilities and the multi-purpose Insports Centre, which features basketball courts as well as a gymnasium, rock-climbing wall, cafe and function room.
Logan has a range of attractions that capture the city’s history and cultural diversity. Visitors can step back in time at one of Logan’s oldest houses, Mayes Cottage, in Kingston, which has been converted into a house museum circa 1930s, or they can wander through the tranquil gardens of the Chung Tian Buddhist Temple at Priestdale, tucked away in a natural bushland setting. Cultural pursuits feature strongly at the regional Logan Art Gallery which showcases the best works by local and visiting artists. Art can also be found on display in commercial galleries around town, as well as at the historic Kingston Butter Factory and Community Arts Centre. The Butter Factory is home to the Butterbox Theatre (used by local performing arts groups), the Buttermaid’s Kitchen, the Logan City Historical Museum and an arts and craft co-op. The opening of the Logan Entertainment Centre in 2002 ushered in a new era for events and entertainment in the city. The city has its own venue for conferences, seminars and major functions. The centre allows locals to see major touring acts without having to leave the city.
5
The City of Logan at a glance Logan’s Gross Regional Product (GRP) is estimated at $10.345 billion. Logan represents 5.80% of South East Queensland’s GRP of $178.232 billion, 3.49% of Queensland’s Gross State Product (GSP) of $296.341 billion and 0.65% of Australia’s Gross Domestic Product (GDP) of $1.584 trillion.
72,745 19,502 Businesses (2014)
Jobs (2011)
133,823
GRP
Labour Force Residents (2014)
$10.345bn (2014)
$37,206 GRP per capita (2014)
308,681 Population (2015)
23.2%
an
yo
0-14 uth
se
105,142
rs 65+ nio
Families (2011)
9.5%
Log
Log
an
Age breakdown of residents (2011)
8.02% (unemployment Dec 2015)
Output $20.125b (2014)
outh 0-14 dy ls an
13.1%
Value-added $9.221b (2014)
Que en
Que en
Workforce Qualifications (2011) nd sla
3% Postgraduate Degree Level 2% Graduate Diploma and Graduate Certificate Level % 19 Bachelor Degree Level 17% Advanced Diploma and Diploma Level % 58 Certificate Level
seniors 65+ 20.2%
Regional Exports $4.151b (2014)
Regional Imports $4.747b (2014)
2004 to 2014 population 55,949 increase
Change in Dwellings 9,114 increase (2006 to 2014)
Emerging industries include: • transport and logistics • food manufacturing and processing • advanced manufacturing • health care • education and training • AgTech
Out of the 565 local governments in Australia, the City of Logan ranks fifth in population and has a budget allocation of $839 million in 2015/16 financial year.
By 2041 Logan will be home to two satellite cities — Yarrabilba (45,000 residents) and Greater Flagstone (120,000 residents).
Logan City Council is working with these industries to help the economy grow even further.
GRP ($B)
Output ($B)
Value Added ($B)
Regional Exports ($B)
Regional Imports ($B)
City of Logan
$ 10.345
$ 20.125
$ 9.221
$ 4.151
$ 4.747
South East Queensland
$ 178.232
$ 364.050
$ 165.929
$ 100.524
$ 70.595
Queensland
$ 296.341
$ 625.272
$ 277.652
$ 471.864
$ 101.591
Largest Employing Sector 15.9% Retail Trade
Largest Job Growth Sector 2,753 Health Care & Social Assistance
Largest Business Sector 4,940 Construction
7
Population The current population is 308,681 and is expected to increase by up to 200,000 people within the next 20 years and City of Logan’s objective is to create at least 53,000 jobs to support this population growth.
Population forecast Between 2016 and 2036, the population of Logan LGA is projected to increase by 205,736 people. The average annual projected population growth between 2016 and 2036 of 2.54% is greater than the average growth rates experienced over the previous 10 years (2.11%).
Actual
500,000
Projected
400,000 300,000 200,000 100,000 0 2001
Projections by age The proportion of the City of Logan population aged 65-79 years is expected to continue to increase from 9.39% of Logan LGA’s total population in 2016 to 11.43% in 2036. The proportion of persons aged 80 years or more is expected to more than double during this time (from 2.13% to 4.78%).
City of Logan Population
600,000
2006
0 –14
15 –29
2016
72,483
2021
83,999
2026 2031 2036 2016–2036
2011
2016
2021
2026
2031
2036
30 – 49
50– 64
65 –79
80+
Total
67,036
87,229
52,849
29,686
6,731
316,013
73,185
100,193
59,931
37,682
9,207
364,197
95,489
82,660
113,879
67,859
45,778
13,421
419,087
105,400
93,417
126,565
75,875
52,312
19,358
472,927
113,366
103,556
134,852
85,397
59,657
24,921
521,749
40,884
36,520
47,623
32,548
29,971
18,190
205,736
Source: Queensland Government Population Projections, 2014 (QGSO)
9
Demographics Resident age profile Overall, 23.25% of the population is aged between 0 and 14, and 14.77% is aged 60 years and over, compared with 19.7% and 18.42%, respectively, for South-East Queensland.
0-4 years
8.16% 6.73%
5-9 years
7.48% 6.46%
10-14 years
7.59% 6.51%
15-19 years
7.78% 6.80%
20-34 years 35-49 years 50-59 years 60-64 years 65-69 years 70-84 years 85+ years
Resident Age Profile
20.99% 21.25% 21.09% 21.57% 12.06% 12.27% 5.30% 5.49% 3.59% 4.15%
Logan
4.97% 7.08%
South East Queensland
1.00% 1.70%
5%
Weekly individual income Overall, 7.8% of the population earn a high income, and over 34% earn between $400–999 per week compared with 12.2% and 31.87% respectively for South-East Queensland.
Nil income $1-$199 $200-$299 $300-$399 $400-$599
$800-$999 $1,000-$1,249 $1,250-$1,499 $1,500-$1,999 $2,000 or more Not stated
0%
20%
25%
30%
Logan South East Queensland
2%
Housing tenure
15%
Weekly Individual Income
0.63% 0.57% 7.55% 7.31% 7.54% 7.20% 10.20% 9.52% 9.32% 9.49% 11.99% 11.89% 12.70% 11.07% 10.03% 8.91% 8.83% 8.44% 5.41% 5.85% 4.85% 6.48% 2.99% 5.72% 7.94% 7.55%
Negative income
$600-$799
Compared with South-East Queensland, there is a higher proportion of households paying off their dwelling in Logan and a lower proportion of the population who own their properties freehold.
10%
4%
6%
8%
10%
12% 14%
Housing Tenure Owned with a mortgage
40.93% 34.22%
Rented
29.91% 31.27%
Owned outright
22.22% 27.09%
Not stated
1.36% 1.80% 5.57% 5.62%
Other Tenure type 0%
10%
Logan South East Queensland 20%
30%
40%
Source: Logan City Council Online Community Profile: www.communityprofile.com.au/logan
50%
11
Employment and labour force It is estimated that 72,745 people work in Logan. Logan represents 6.14% of the 1,185,378 people working in South-East Queensland and 3.7% of the 1,967,425 people working in Queensland.
Industry Sector Profile 2006 to 2011 Despite a fall in some industries such as ‘Manufacturing’ (-603) and ‘Rental, Hiring and Real Estate Services’ (-102), there was an overall increase of 6,946 jobs in City of Logan between 2006 and 2011. The largest employment changes by industry were: • Healthcare and Social Assistance (+2,753) • Professional, Scientific and Technical Services (+839) • Public Administration and Safety (+691)
Source: Remplan
Employment in Logan Retail Trade -11,567 Health Care & Social Assistance - 9,226 Manufacturing - 8,549 Education & Training - 7,349 Construction - 6,720 Accommodation & Food Services - 4,574 Wholesale Trade - 3,652 Public Administration & Safety - 3,389 Professional, Scientific & Technical Services -3,274 Transport, Postal & Warehousing - 3,264 Other Services - 3,192 Administrative & Support Services - 2,394 Rental, Hiring & Real Estate Services - 1,522 Financial & Insurance Services - 1,423 Arts & Recreation Services - 707 Electricity, Gas, Water & Waste Services - 689 Agriculture, Forestry & Fishing - 589 Information Media & Telecommunications - 525 Mining- 140
0 2,000
6,000
10,000
14,000
Of the 123,619 employed residents in the City of Logan, 45,009 live and work within the city. In addition to the daily export of 78,610 people, the City of Logan imports 27,736 people who come to work in the city each day.
Workers (working in Logan) by Age 15-19 20-24 25-34 35-44 45-54 55-64 65-74 75-84 over 84
Managers Professionals Technical and Trades workers Community and Personal Service workers Clerical and Administrative workers Sales workers Machinery Operators and Drivers Labourers Not Stated - Inadequately described
6,097 7,262 15,169 16,639 15.695 9,995 1,742 140 6
0
Workers (working in Logan) by Occupation
5
10 15 (1,000s)
20
8,651 11,998 10,021 7,762 11,212 9,804 5,213 7,424 661
0
2
4 6 (1,000s)
8
10
12
Skills Profile Professionals
11.89% 12.58%
Clerical and Administrative Workers
16.49% 22.57%
Technicians and Trades Workers
13.78% 12.38%
Sales Workers
10.67% 10.14%
Managers
15.41% 16.94%
Community and Personal Service Workers
13.48% 10.60%
Labourers
7.17% 5.48%
Machinery Operators and Drivers
10.21% 8.30%
Not stated - Inadequately described
0.91% 1.02%
Work in Logan
0
5
10
15
20
25
30
Work in South East Queensland
Source: Remplan
13
Business Business Counts by Industry
Business Counts by Industry
As at June 2014, there were 19,502 businesses operating in the City of Logan. The largest number of registered businesses is in the ‘Construction’ sector (4,924 businesses), followed by ‘Transport, Postal and Warehousing’ (1,929). Between 2012 and 2014, the number of registered businesses declined by 1,228 from 20,730. The ‘Construction’ sector experienced a decline in business numbers (-80). The manufacturing sector has increased by 44 businesses in a 12 month period to June 2014.
Construction - 4924 Transport, Postal and Warehousing - 1929 Professional, Scientific and Technical Services - 1766 Rental, Hiring and Real Estate Services -1716 Retail Trade - 1303 Manufacturing - 1224 Other Services - 1175 Financial and Insurance Services - 1054 Administrative and Support Services - 869 Wholesale Trade - 741 Health Care and Social Assistance - 645 Accommodation and Food Services - 562 Not Classified - 465 Agriculture, Forestry and Fishing - 421 Arts and Recreation Services - 209 Education and Training - 204 Information Media and Telecommunications - 99 Public Administration and Safety - 90 Electricity, Gas, Water and Waste Services - 63 Mining - 43 0 1,000
Number of Businesses:
19,502 (2014)
Largest Employing Sector
25.40%
15.90%
(Construction - 4,940 businesses) (2014)
Retail Trade (2014)
14,000 2012
12,000
2013 2014
10,000 8,000 6,000
1-4 staff
5-19 staff
433
420
446
1,855
1,894
1,885
5,522
5,326
5,618
11,674
11,845
12,769
4,000
Non employing
7,000
Workforce size
16,000
0
5,000
Largest Sector by Business Count
Business Counts by Industry
2,000
3,000
20-199 staff
12
12
18
200+ staff
Between June 2013 and June 2014, there was an increase in businesses employing between 1 to 4 staff of 3.7%. In the same period, there was also an increase in businesses employing between 20-199 staff of 3.10%. The number of businesses with at least 200 staff has increased from 12 to 18 in Logan. The largest fall in business counts occurred in non-employing businesses, with a decrease of -1.44% from 2013 to 2014. The decline in the number of self-employed businesses is in line with national trends.
Source: Logan City Council Online Economic Profile: www.economicprofile.com.au/logan
15
Building and construction There was a significant increase in the number and value of residential dwelling approvals between 2013/14 and 2014/15 rising from 1,540 approvals with a value of $344.9 million to 2,310 approvals with a value of $517.8 million.
Building Approvals - Number 3,000 839
320
Residential
2,500
Other
2,000 1,500
424
200
1,000
202
242
355
516
219
85
195
673
638
827
780
1,066
873
1,874
855
844
1,185
2,310
2004-05
2005-06
2006-07
2007-08
2008-09
2009-10
2010-11
2011-12
2012-13
2013-14
2014-15
500 0
8.30%
Building Approvals - Value 1,000
Residential Other
2004-05
2006-07
2007-08
2008-09
2009-10
2011-12
2012-13
Source: Logan City Council Online Economic Profile www.economicprofile.com.au/logan
$517.80
$142.11 $344.87
$283.41 $296.83
$118.25 2010-11
$260.29
$590.69
$226.51 $143.91
$282.48 $153.77
$246.24
$235.51 2005-06
$387.57
0
673
$269.57
300
$222.77 $286.60
400
$216.81 $192.77
600
$144.00
$208.43
800
2013-14
2014-15
17
Residential market Between 2006 and 2014, the highest number of annual lot approvals occured in 2011, a peak of 2,987 lots, with 82% of these being in larger projects of more than 50 lots. 2014 experienced an increase in new lot registrations. There were 969 new lot sales in the City of Logan in 2014. Vacant land sales generally account for the majority of new lot sales, with house and land package lots generally accounting for approximately 20% of sales.
Lot Approvals and Registrations 3,500 3,000 2,500 2,000 1,500 1,000 500 0
2006
2007 2008 2009 2010 Total Lot Approvals
There were a total of 5,785 new and established house and unit sales.
2011 2012 2013
2014
Total Lot Registrations
Median sales prices for house and land have been relatively stable over the last 5 years. Median rents in Logan have remained steady over the last four years. Four bedroom houses attract the highest rents. Three bedroom product for houses and units attract a similar rental rate.
Median Property Prices (Residential) House
$370,000
Unit
$245,000
Median Rental Prices (Residential) Two Bed Units / Flats
$260
Three Bed Units / Flats
$300
Three Bed Houses
$340
Four Bed Houses
$400
Two Bed Townhouses
$280
Three Bed Townhouses
$335
SEIFA Index of Relative Socio-Economic Disadvantage
Source: Residential Land Development Activity Profile, June Quarter 2015, Logan
971
19
Industrial market The Logan Motorway is strategically located less than 25 kilometres from Brisbane’s CBD and is adjacent to the Ipswich, Gateway and Pacific Motorways. It has easy access to Brisbane Airport and the Port of Brisbane. The City of Logan is a nexus for industrial and road-dependent industries making it an attractive region for these businesses. Logan Motorway Corridor Between March 2014 and March 2015: • New Stock (Total: 73,636 Sq M) • New Stock (>=3,000Sq M): 47,491 Sq M • New Absorption: (>=3,000Sq M): 50,678 Sq M • Gross Absorption: 50,678 Sq M
Gold Coast/Logan Corridor Low Rental Net Effective ($/Sq m) Yield Market (%) IRR (%) Outgoings - Total ($sq m) Capital Value ($sq m)
ATCO: Amalgamation of three separate facilities elsewhere to 97,000 Sq M site early 2014
•
CEVA Logistics: Opened a 56,000 Sq M complex in Berrinba in December 2013
•
•
•
Empirica Management Ltd: DA approval for 10,605 Sq M industrial facility in Berrinba (sold) Sigma Pharmaceuticals: Construction of new 14,990 Sq M warehouse and distribution centre commencing April 2016
High
Low
High
100
125
70
95
7
7.75
8.75
9.5
8.75
9.75
10
10.5
15
25
15
20
1,300
1,800
750
1,250
Land Value 3000-5000 ($/Sq m)
Properties
•
Secondary
225–300
Source: Savills, Spotlight Brisbane Industrial, Quarter 4, 2015
Logan Motorway Corridor Industrial Supply Summary
Businesses that have moved to the area to capture the City of Logan’s geographical advantages:
Prime
No. %
Floorspace
NSQM %
March 2014
March 2015
<3,000 Sq M
>=3,000 Sq M
Vacant
>=3,000 Sq M
188
222
200
227
45.9%
54.1%
46.8%
53.1%
345,538
3,788,813
371,683
3,836,304
8.4%
91.6%
8.9%
91.1%
Source: Property Council of Australia - Queensland, Industrial Vacancy Report, April 2015, AEC
Industrial Sales– Logan City Sales Period
Built Form
Vacant Land
01/01/2005 to 24/04/2015
01/01/2005 to 24/04/2015
Price
Area (Sq M)
Price
Area (Sq M)
Lowest
$60000
75
20000
1039
Highest
$9,415,000
43460
$14,135,000
61840
Average
$894,306
2861
$1,697,812
7375
Median
$550,000
429
$1,182,104
4159
No. Sales
355
82
Source: Property Data Solutions Pty Ltd 2015. The State of Queensland (Dept of Environment and Resource Management)
The GPT Group: Purchased 21ha of land in Berrinba to develop a transport and logistics park (2015) 21
Resources and Definitions • Logan City Council: www.logan.qld.gov.au • Logan City Council Online Economic Profile: www.economicprofile.com.au/logan • Logan City Council Online Community Profile: www.communityprofile.com.au/logan • Queensland Government Population Projections, 2014 (QGSO) • Australian Bureau of Statistics • Department of Employment, Small Area Labour Markets Australia • Residential Tenancies Authority Queensland • Residential Land Development Activity Profile, Logan Regional Council, Queensland Treasury and Trade, Government Statistician • Valuer-General’s 2015 Property Market Movement Report • Savills, Spotlight Brisbane Industrial, Q4/2015 • King & Co Property Consultants, King’s Counsel, Issue 41, Winter 2014 • Property Council of Australia – Queensland, Industrial Vacancy Report, April 2015, AEC • Property Data Solutions Pty Ltd 2015, The State of Queensland (Dept. of Environment and Resource Management)
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. (07) 5689 1499 / (03) 5444 4788 www.remplan.com.au
23
Logan Office of Economic Development www.loed.com.au (07) 3412 4888 loed@logan.qld.gov.au