Business
Boyne Valley
Socio-economics
The combined data from the Boyne Valley has a socio-economic profile in line with the Gladstone Region.
- The median weekly household income is $1,468 compared to $1,693 for the Gladstone Region.
- 4 per cent of households earn $3,000 or more per week compared to 25.3 per cent for the Gladstone Region
- 6.2 per cent households earn less than $650 each week compared to 7.2 per cent for Gladstone Region.
- 49.5 per cent of non-family households earn less than $650 each week which is higher than the Region at 47.2 per cent.
In 2021, 48.6 per cent of households fully owned their home which was 56.1 per cent higher than the Gladstone Region at 27.3 per cent. There was a fluctuation in the proportions of households that own their home between 2021 and 2011. With 56.8 per cent (83 households) owning their home in 2011, compared to 48.5 per cent (65 homes) in 2016 and 48.6 per cent or 67 homes in 2021.
The population that owns their home with a mortgage increased by five households between 2011 and 2021. During the same period, the percentage of the population that owned their home with a mortgage fluctuated, being 17.8 per cent of households in 2011, 30.6 per cent in 2016 and reducing to 22 per cent in 2021.
Median mortgage repayments have decreased slightly in the Boyne Valley when comparing 2021 and 2011, there was a slight increase between 2011 and 2016.
The average monthly mortgage repayments in the Boyne Valley were $1,468 which is $479 lower than the Gladstone Region and lower than the State by $612.
Data has changed across half of the payment brackets; the biggest two decreases were seen in households paying $1,400 -$1,799 and $300-$449.
Households paying mortgages between $1,400-$1,799 reduced from 30.8 per cent of households in 2011, to 9.8 per cent in 2016 and 12.9 per cent in 2021. This is a reduction of four households between 2011 and 2021, or 50 per cent decrease.
Those paying $300-$499 represented 100 per cent less in 2021 compared to 2011, taking the number of households in this payment bracket from three to zero.
The largest increases were seen in those paying $4,000 and over as well as those paying $1,800-$2,399.
The number of households paying $4,000 and over, represented zero per cent of households in 2011 and 2016, increasing to 25.8 per cent of households in 2021, this equates to eight households or a quarter of all mortgaged households.
There has been an increase in households paying $1,800 -$2,399, increasing from 0% in 2011 to 14.6 per cent in 2016 and 16.1 per cent in 2021, an increase of 5 households.
There are minimal rentals in the Boyne Valley, with most rentals being provided by a known person not living in the household. In 2021, 12 properties (8.7 per cent of households) fell into this category, while in 2016 it was 17 properties (12.7 per cent of households) and in 2011 there were 13 properties (8.9 per cent of households) were rented from a known person.
There were no properties rented from a community housing provider or State housing authority in 2021, 2016 and 2011. No homes were rented from real estate agents in 2021 while three were rented from a real estate agent in 2016.
In 2021, 14 homes or 6.7 per cent of homes were rented from a person not in the same household, while in 2016, 11 homes were rented from people not in the same household, which is 6.1 per cent of homes.