2019 Economic and Population Indicators

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

26

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

28

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

30

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

32

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

36

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.

38

ECONOMIC AND POPULATION INDICATORS

ECONOMIC AND POPULATION INDICATORS

39