Business
Agnes Water and 1770
Socio-economics
The combined data from the town of Agnes Water and 1770 have a lower socio-economic profile of the Gladstone Region:
- The median weekly household income is $1,031 compared to $1,693 for the Gladstone Region.
- 25.2 per cent of households earn $3,000 or more per week compared to 25.3 per cent for the Gladstone Region
- 6.9 per cent households earn less than $650 each week compared to 7.2 per cent for Gladstone Region, which is a decrease of per cent compared to 2016.
- 47 per cent of non-family households earn less than $650 each week which is significantly higher than the region at 7.2 per cent. In addition to family households, 41.4 per cent of non family households earn less than $650 per week.
The combined data of Agnes Water and shows there has been a reduction in the percentage of the population in the labour force since 2011. Looking at 2021 data 43.7 per cent of the population were in the workforce compared to 46.6 per cent in 2016 and 48.7 per cent in 2011.
The unemployment rate for the towns of Agnes Water remained static in 2011 and 2011 at 5.5 per cent (80 and 103 people) reducing to 3.8 per cent (91 people) in 2021.
There has been a notable increase in the number of people not in the work force, being 959 in 2021 or 39.8 per cent of the population. Compared to 680 people (36.4 per cent) in 2016 and 565 (38.5 per cent) in 2021.
In 2021 there were 314 people that did not state their labour force status compared to 107 in 2011.
The SEIFA index of relative socio-economic disadvantage for 2016 looks at data at and SA2 level. The data in this profile is at a more localized level which means SEIFA data is not possible to review.
The SEIFA score for Gladstone Region in 2016 was 978.Across Australia’s local government areas, SEIFA scores range from 188 (most disadvantaged) to 1186 (least disadvantaged).
In 2021, 42.3 per cent of households fully owned their housing which is 54.9 per cent higher than the Gladstone Region at 27.3 per cent. There has been a steady increase in the number of people that own their home outright.
In 2011, 30.1 per cent of the population owned their home outright which equated to 205 people. This increased by 36.5 per cent of the population in 2016, with 280 people owing their home outright. Before increasing in 2021 to 30.1 per cent of the population or 280 people.
The population of Agnes Water and 1770 that owns there home with a mortgage has fluctuated over time. In 2011 29.4 per cent (200 households) owned their home with a mortgage, this increased to 34.6 per cent or 283 households in 2016 before reducing again to 29.6 per cent of the population in 2021, representing 308 households.
While the percentage of households renting has increased by 8.17 per cent between 2011 and 2021, the number of households has increased slightly. In 2011 208 household rented, decreasing to 205 in 2016 and increasing slightly to 225 in 2021.
The average mortgage payments of Agnes Water and 1770 when looking at combined data is $2,000 which is higher than the Gladstone Region by $400 and higher than the State by $267. Mortgage payments have significantly increased over time, resulting in a net increase of $1,250 between 2021 and 2011. With payments being $750 in 2011, $1,519 in 2016 and $2,000 in 2021.
While the above data looks at combined data there is a notable difference in the median monthly mortgage payments for Agnes Water and 1770 when looking at stand alone data.
Mortgage payments in Agnes Water have fluctuated over time and are in line with the Region but lower than the State. Being $1,500 in 2011, $1,690 in 2016 and $1,500 in 2021.
While for 1770 there is no data for 2011, in 2016 median mortgage payments were $1,347. Between 2021 and 2016 payments increased by $1,153 to $2,500.
Data has changed across all mortgage payment brackets when looking at the combined data of Agnes Water and 1770.
The largest two increase were seen amongst those paying $1,400 - $1,799, which made up 11.7 per cent of households in 2011 or 23 households., increasing to 21.4 per cent in 2021 or 66 households.
The average median rent when combining data from Agnes Water and 1770 has increased over time. Being $135 in 2011, $283 in 2016 and $310 in 2021, which is an increase of $175 per week.
With most of this impact being in Agnes Water as there is only rental data available for six households in 1770.
Considerations:
- Median rent prices are increasing, the number of non-family households earning less than $650 a week is significantly higher than the region and household income is also significantly. Consideration needs to be given on to the cost of services, activities and programs.
Rent |
2021 |
% |
2016 |
% |
% Change 2016- 2021 |
---|---|---|---|---|---|
$1-$74 |
0 |
0 |
22 |
10 |
0% |
$75-$99 |
3 |
1.3 |
0 |
0 |
100.0% |
$100-$149 |
4 |
1.7 |
5 |
2 |
-25.0% |
$150-$199 |
5 |
2.1 |
13 |
6 |
-160.0% |
$200-$224 |
15 |
6.4 |
17 |
7 |
-13.3% |
$225-$274 |
37 |
15.9 |
32 |
14 |
13.5% |
$275-$349 |
55 |
23.6 |
69 |
30 |
-25.5% |
$350-$449 |
74 |
31.8 |
53 |
23 |
28.4% |
$450-$549 |
20 |
8.6 |
10 |
4 |
50.0% |
$550-$649 |
4 |
1.7 |
3 |
1 |
25.0% |
$650-$749 |
0 |
0 |
0 |
0 |
0 |
$750-$849 |
0 |
0 |
0 |
0 |
0 |
$850-$949 |
0 |
0 |
0 |
0 |
0 |
$950 and over |
0 |
0 |
0 |
0 |
0 |
Rent not stated |
10 |
4.3 |
9 |
4 |
10.0% |