Business
Benaraby
Socio-economics
Benaraby has a higher socio-economic profile than the Gladstone Region.
- The median weekly household income is $2,435 compared to $1,693 for the Gladstone Region.
- 29 per cent of households earn $3,000 or more per week compared to 25.3 per cent for the Gladstone Region
- 3.7 per cent households earn less than $650 each week compared to 7.2 per cent for Gladstone Region.
- 41.5 per cent of non-family households earn less than $650 each week which is lower than the Region at 47.2 per cent.
Between 2016 and 2021 there has been an increase of the population in the workforce of 7.8 per cent.This equates to an additional 43 people in the workforce in 2021 compared to 2016.
The unemployment rate for Benaraby has significantly decreased by 58.7 per cent between 2016 and 2021. In 2016, 63 people were unemployed, compared to just 26 in 2021.
In 2021 there were 38 people that did not state their labour force status compared to 60 in 2016, a reduction of 36.6 per cent.
In 2021, 33.2 per cent of households fully owned their home which was 21.6 per cent higher than the Gladstone Region at 27.3 per cent. The number of households that owned their home outright was 122 in 2021 and 2016, representing 33.3 per cent and 32.2 per cent of households, respectively.
The population that owns there home with a mortgage decreased by nine household between 2021 and 2016. Decreasing from 58.3% of households to 56.1, which is a reduction of 4.2 per cent.
Median mortgage payments decreased in Benaraby between 2021 and 2016. Average monthly mortgage payments were $2,000 in 2021 which is $400 higher than the Gladstone Region and is in line with the State, which has a median payment of $1,733. In 2016, median mortgage payments were $2,383, reducing by $383 in 2021 to $2,000.
Data has changed in all mortgage payment brackets; with a general trend in a reduction in lower price points and increase in higher price points.
Households with mortgages between $1,000-$1,399 saw the largest increase of 78.5 per cent across the period, with an additional 11 houses in 2021 than that of 2016.
The majority of mortgaged households within Benaraby, 28.2 per cent of the total households, have a mortgage payment of $1,800-$2,399. There has been a 34.8 per cent increase in this category over the Census period.
Mortgaged households paying over $4,000 per month saw a decrease in 42.8 per cent, or six households.
There is a much lower percentage of the population renting in Benaraby compared to the Gladstone Region. In 2021, 7.9 per cent of households rented in Benaraby compared 33.9 per cent in the Gladstone Region.
In 2016, 5.4 per cent of households rented compared to 7.9 per cent in 2021. This saw the number of households renting from 20 to 29. This means a 45 per cent increase in the proportion of households renting between 2021 and 2016.
Rental prices vary, with the most common rental category between $100-$149, representing 26.7 per cent of the rental market.
Weekly rent prices between $350-449 is the second most common representing 23.3 per cent of households.
The highest rental category in Benaraby is $550-$649.
Household Mortgage
2021 | % | 2016 | % | % change 2016-2021 | |
---|---|---|---|---|---|
$0-$299 | 4 | 1.9 | 7 | 3.3 | -42.8% |
$300-$449 | 0 | 0 | 5 | 2.3 | -100.0% |
$450-$599 | 0 | 0 | 0 | 0 | 0.0% |
$600-$799 | 5 | 2.4 | 3 | 1.4 | 66.6% |
$800-$999 | 7 | 3.4 | 9 | 4.2 | -22.2% |
$1,000-$1,399 | 25 | 12.1 | 14 | 6.5 | 78.5% |
$1,400-$1,799 | 31 | 15.0 | 23 | 10.7 | 34.7% |
$1,800-$2,399 | 58 | 28.2 | 43 | 20.0 | 34.8% |
$2,400-$2,999 | 30 | 14.6 | 47 | 21.9 | -36.1% |
$3,000-$3,999 | 27 | 13.1 | 44 | 20.5 | -38.6% |
$4,000 and over | 8 | 3.9 | 14 | 6.5 | -42.8% |
Household Rent
2021 | % | 2016 | % | |
---|---|---|---|---|
$1-$74 | 0 | 0.0 | 4 | 13.8 |
$75-$99 | 0 | 0.0 | 0 | 0.0 |
$100-$149 | 8 | 26.7 | 4 | 13.8 |
$150-$199 | 3 | 10.0 | 0 | 0.0 |
$200-$224 | 4 | 13.3 | 3 | 10.3 |
$225-$274 | 4 | 13.3 | 0 | 0.0 |
$275-$349 | 5 | 16.7 | 5 | 17.2 |
$350-$449 | 7 | 23.3 | 10 | 34.5 |
$450-$549 | 4 | 13.3 | 0 | 0.0 |
$550-$649 | 3 | 10 | 0 | 0.0 |