Economic indicators

Economic
indicators
2012
wodonga.vic.gov.au
Economic indicators
Contents
Introduction3
Wodonga & maps
3
Fast facts about Wodonga
Major projects
4
4
Economic indicator summary 5
Annual construction table
Residential development
Residential dwelling sales
15
16
17
Demographics18
Key findings
18
Population18
Forecast population
19
Age structure
20
Wage and salary income
21
Household structure
21
Employment6
Key findings
6
Selected major employers
7
Labour force
8
Labour force growth
9
Unemployment9
Employment by sector
10
Employment by occupation
11
Education and training
22
Key findings
22
Students enrolments
22
Education institute attending 23
Qualification status
24
Apprenticeships / traineeships 25
Economy
12
Key findings
12
Gross regional product
12
Output / value add
13
Exports14
National indicators
Business confidence
Consumer confidence
Interest rate
Gross domestic product
Development15
Key findings
15
Quarterly construction table 15
Glossary and acronyms
28
Disclaimer29
Contact details
30
26
26
26
27
27
2
Economic indicators
Introduction
Wodonga Economic Indicators offer an overview of the economic and socio-demographic activity occurring in the Wodonga region.
Information has been broken down into local government area and, where suitable compared to other regions.
Wodonga - North East Victoria’s largest city
Wodonga combines the convenience of a metropolitan lifestyle with the appeal of provincial city living. In March 2012, The Australian
Bureau of Statistics estimated the residential population in Wodonga was 37,131. Wodonga services a regional population of 170,000
people. Combined with its twin city Albury, Wodonga is Australia’s 18th largest city and has a population of 107,000 residents.
Wodonga has a strong and growing population base with the current estimated rate of growth being 2.1 per cent annually.
FWY
HU
MURRAY RIVER
Chiltern
R OA D
Bandiana
RR
VALLEY
HWY
Killara
AY
LAKE
HUME
N
TO UR
<< ELBO
M
E
Glenrowan
Ov
en
s
Milawa
Mitta Mitta
Riv
KIE
WA
A
Baranduda
Myrtleford
D
AL
LE
Y
HW
Lake
Buffalo
AD
R OA D
RO
G
ON
Wodonga local government area
N
Mount
Beauty
ND
0
Falls Creek
KA
W
YA
H
Bright
Mount
Buffalo
A NDAH
A
O RT
OD
Lake
Dartmouth
Porepunkah
Y
N
Dartmouth
er
EV
AR
Wangaratta (RC)
a Riv
UL
V
North
Leneva
BO
Alpine (S)
Kiew
NDUD
er
er
BARA
Towong (S)
Riv
BEECHWO
RT H
MU
Yackandandah
Beechworth
Wangaratta
Murray River
Bonegilla
R OA D
South
Wodonga
CHW
Corryong
Tallangatta
r
RNE
Wodonga
BEE
Y>
Indigo (S)
Rive
MELBOU
ver
Wodonga
Wodonga
(C)
Y
s
West
Wodonga
ray Ri
ver
a Ri
Oven
Gateway
Island
Mur
Lake
Hume
Kiew
Barnawartha
North
ME
HUME
Rutherglen
Albury
TO
River
FW
LEY H WY
AL
rray
Mu
SYD
ME
HW
Y
Albury
(C)
RIVER
AY
V
NE
MURRAY
RR
HU
MU
>
There are approximately 7,000 businesses in Wodonga and Albury that fuel the economy. Key industry sectors include; manufacturing,
public administration and safety, retail and health care and social assistance.
C
10
20km
Local Government Boundaries
North East Victoria and Albury local government areas
Albury-Wodonga’s proximity between Australia’s two largest
cities - Melbourne and Sydney - provides key strategic advantages.
The extensive transport network allows access to the northern,
southern and western corridors of the eastern seaboard and in
turn access to the whole of Australia. More than 75 per cent of
Australia’s population can be reached by next day transport haul,
while a regional airport located in Albury provides regular and quick
access to Melbourne, Sydney and Canberra.
3
Economic indicators
Fast facts about Wodonga
•
Estimated residential population:
37,131
•
Median resident age (national average is 37):
35
•
Average annual wage/salary 08-09: $40,275
•
Local government area size:
433 square kilometres
•
Population density (2011): 0.82 people per hectare
•
Number of rateable occupied residences (1.7.11): 14,480
•
Total number of rateable properties (2011-12):
16,786
•
Average occupied residential rates (Aug 2012)
$1,300 (+ garbage disposal)
•
Total number of businesses (30.06.07): 2,751
•
Gross regional product ($ million): $2,649.552
•
Wodonga labour force (June 2012):
19,615
•
Unemployment rate (June 2012):
•
Largest industry sector for employment:
6.4%
Manufacturing
Source: Australian Bureau of Statistics, Wodonga Council, REMPLAN, Department of Planning and Community Development, DEEWR,
Australian Business Register.
Major projects in Wodonga
The strong performance of Wodonga’s economy is predicted to continue with several key projects anticipated. Not
withstanding the hundreds of jobs these projects will deliver, Wodonga’s role as a regional city will be reinforced by the
significant strengthening of its CBD.
•
CBD redevelopment: Wodonga’s CBD is undergoing considerable change as a result of several key projects.
Strategic parcels of land being readied for the market are providing the city with the unique opportunity to
redevelop its heart.
•
National Industrial Skills Training Centre (NISTC) facility $12 million: National driver training centre to be built at
LOGIC.
•
Wodonga Aquatic Centre - $11.2 million: State of the art aquatic centre to be built at Whitebox Rise Estate.
•
The Cube $10 million: Construction of a state-of-the-art entertainment facility in Wodonga’s CBD.
•
Quest Serviced Apartments and Tavern $25 million: 80 studio, one, two and three bedroom apartments and a
tavern to be built in Wodonga’s CBD.
•
Gannon Group Retirement Estate - $20 million: Aged care facility in West Wodonga. The estate will house 172
independent living villas and 30 serviced apartments.
•
BUPA aged care service $12.1 million: Construction of an aged care facility.
•
Mann Central - A retail facility that will house specialty retail, a discount department store and a supermarket.
•
North High St medical clinic $5 million: Construction of a medical clinic in the northern section of the CBD.
4
Economic indicators
Economic indicator summary
Wodonga has experienced growth in key areas during 2011-12. The region’s resilience and diversity has allowed it to successfully
negotiate the challenges of global economic conditions. The strength of the regional economy is also a testament to the flexibility
of local businesses in adapting to the environment and their willingness to embrace innovation.
Wodonga’s employment base is underpinned by several strong industries giving it a stable base and diversity. Manufacturing
remains the largest industry in Wodonga providing 18.2 per cent of local jobs and public administration and safety is the second
largest providing 12.2 per cent of jobs.
Several key projects have seen construction play a significant role in expanding Wodonga’s employment base.
Wodonga’s attractive lifestyle is accelerating population growth and will fuel further economic activity and employment
opportunities in the future. Following is a key snapshot of indicators:
•
The unemployment rate in Wodonga at June 2012 was 6.4 per cent, remaining
steady from the March 2012 quarter.
•
Between June 2011 and June 2012, Wodonga’s labour force has grown by 2.5
per cent, showing Wodonga’s growth and resilience.
•
Total building activity totalled over $124 million in the 2011-2012 financial year
on the back of commercial and industrial projects in the city.
•
A total of 413 new residential dwellings were approved by Wodonga Council in 2010, and 321 in 2011.
•
Wodonga recorded a rise in house and unit prices in 2009-10. The median house price in Wodonga increased by $22,750 in 2009-10 to $277,750,
whilst the median unit price increased by $5,000 to $185,000.
•
According to estimated population figures released by the Australian Bureau of Statistics (ABS) for 2011, Wodonga is the growth centre for North East Victoria, recording the highest population growth in the region including Albury. Wodonga also recorded the highest growth rate out of
the Victorian regional cities group.
•
In 2031, the population of Wodonga is forecast to be 54,777, an increase of
20,482 from 2006. This represents an average annual growth rate of 1.9 per
cent.
•
At February 2012, Wodonga’s annual gross regional product was valued at $2.64 billion and Albury-Wodonga’s gross regional product was valued at $5.66 billion.
•
There was a total of 40,009 student enrolments in the Albury-Wodonga local government areas in 2009 (including primary, secondary, university, vocational and other), revealing a 2.07% increase in enrolments between 2008 and 2009.
•
Wodonga received approximately 187,000 domestic day visitors in 2011-12
and 122,000 domestic over night visitor trips.
5
Economic indicators
Employment
Key findings
•
Albury-Wodonga’s labour force is estimated to be over 47,100 people.
•
Wodonga has access to a regional labour pool of over 80,000 people.
•
In Wodonga the top three sectors for employment are; manufacturing, public administration and safety and retail. These
sectors make up 42.3 per cent of total employment in Wodonga.
•
In Albury-Wodonga the top three sectors for employment are; manufacturing, retail trade and health care and social
assistance. These sectors make up 41 per cent of total employment in Albury-Wodonga.
•
The largest employers in Wodonga are Albury-Wodonga Health - Wodonga campus (608 FTE employees), BAE Systems (526
FTE employees) and MARS Petcare (495 FTE employees).
•
Technicians and trade workers are the most common occupations, ranking at a higher percentage in Wodonga when
compared to Victoria and regional Victoria. Professionals and clerical and administrative employment also are key occupations
in Wodonga.
•
Wodonga’s unemployment rate was 6.4% per cent in the June 2012 quarter, slightly higher than the Victorian average
of 5.0 per cent and regional Victorian average of 5.4 per cent. Over the past 10 years Wodonga has had a reasonably low
unemployment rate, averaging 5.1 per cent between June 2001 and June 2012.
6
6
Economic indicators
Selected major employers
Some of the major employers in the Wodonga region in terms of full time equivalent employees include:
Manufacturing and processing
FTE employees
BAE Systems
526
MARS Petcare
495
Wodonga Abbotoirs
300
Wilson Transformer Company
250
Visy Board
200
The Border Mail
180
Bradken
179
Parker Hannifin
125
Aware Industries
96
Electrical Design & Construction
85
Taghleef
75
Butko Engineering
75
Vitasoy
70
Visy Food
52
Education and training
FTE employees
Department of Education
423
Wodonga TAFE
261
Catholic Education Systems
229
La Trobe University
Public administration and safety
99
FTE employees
City of Wodonga
235
North East Water
90
Department of Human Services
80
Victoria Police
73
Health and social services
Albury Wodonga Health (Wodonga campus only)
Murray Valley Private Hospital
Retail and wholesale trade
Coles Supermarket
FTE employees
608
28
FTE employees
135*
Safeway Supermarket
88*
Arnolds Fruit Market
74
Kennedy’s Meats
60
Target
45*
Transport/warehousing
FTE employees
Woolworths Distribution Centre
375
Greenfreight
193
Ron Finemore Transport
90
Linfox
64
Dyson Group
49
Source: organisation listed. Note: data recorded in February and March 2011 and is subject to change.
* Distorted figure, subject to change.
7
7
Economic indicators
Labour force
Wodonga has access to a regional labour pool of approximately 80,000 people in North East Victoria.
North East Victoria and Albury labour force (June 2012)
27,561
19,615
Albury
(C)
Wodonga
(C)
Indigo (S)
8,463
Murray River
Towong (S)
3,295
Wangaratta (RC)
15,104
Alpine (S)
6,486
N
0
10
20km
Local Government Boundaries
Source: DEEWR
Labour force - Wodonga
20,000
19,500
People
19,000
18,500
18,000
17,500
17,000
16,500
Jun-12
Dec-11
Jun-11
Dec-10
Jun-10
Dec-09
Jun-09
Dec-08
Jun-08
Dec-07
Jun-07
Dec-06
Jun-06
Dec-05
Jun-05
Dec-04
Jun-04
Dec-03
Jun-03
Dec-02
Jun-02
Dec-01
Jun-01
16,000
Source: DEEWR
8
8
Economic indicators
Labour force growth
Wodonga’s labour force has shown strong growth in the past twelve months. Between June 2011 and June 2012 the labour force
increased by 474 people, an annual increase of 2.5 per cent.
Local government area
June 2006
June 2012
Average annual growth rate %
Wodonga
17,940
19,615
1.50%
Albury Wodonga
41,324
47,176
2.23%
North East Victoria
50,454
52,963
.81%
Source: DEEWR
Note: North East Victoria is made up of the following local government areas: Wodonga, Wangaratta, Alpine, Indigo and Towong.
Unemployment
Wodonga’s unemployment rate decreased slightly over the past 12 months to 6.4% (June 2012). While above the state average, it
is still lower than many regional centres in Victoria.
Unemployment rate
9.0%
% unemployment
8.0%
7.0%
6.0%
5.0%
4.0%
3.0%
2.0%
1.0%
Source: DEEWR
Local government area
Wodonga
Albury
Jun-12
Dec-11
Jun-11
Dec-10
Jun-10
Dec-09
Jun-09
Dec-08
Jun-08
Dec-07
Jun-07
Dec-06
Jun-06
Dec-05
Jun-05
Dec-04
Jun-04
Dec-03
Jun-03
Dec-02
Jun-02
0.0%
Victoria
June 2012 unemployment rate %
Ballarat
6.2%
Mildura
7.2%
Shepparton
8.0%
Albury
8.0%
Latrobe
6.6%
Horsham
4.1%
Wodonga
6.4%
Geelong
5.9%
Wangaratta
5.3%
Warnambool
5.0%
Regional Victoria
5.2%
Victoria
5.4%
Source: DEEWR Note: Geelong LGA made up of: Bellarine - inner, Corio - Inner, Geelong, Geelong West, Newtown, South Barwon - Inner, Greater
Geelong (C) - Pt B and Greater Geelong (C) - Pt C.
9
9
Economic indicators
Employment by sector
Manufacturing is Wodonga’s primary industry sector employing over 18 per cent of the workforce.
Employment by sector - Wodonga
Manufacturing
7.0%
3.6%
Public administration & safety
18.2%
3.7%
Retail trade
Health care & social assistance
3.9%
Education & training
4.0%
Construction
12.2%
4.4%
Professional, scientific & technical services
Accommodation & food services
4.8%
Other services
Transport, postal & warehousing
6.6%
11.9%
Administrative & support services
Wholesale trade
8.5%
Miscellaneous
11.2%
Source: REMPLAN (February 2012). Miscellaneous denotes: financial and insurance services, information media and telecommunications, rental,
hiring and real estate services, electricity, gas, water and waste services, arts and recreation services, agriculture, forestry and fishing and mining.
Employment by sector - Albury Wodonga
2.6%
2.7%
5.4%
14.8%
3.9%
3.9%
4.0%
14.0%
4.8%
6.9%
12.2%
7.0%
8.0%
9.8%
Manufacturing
Retail trade
Health care & social assistance
Public administration & safety
Education & training
Accommodation & food services
Construction
Professional, scientific & technical services
Other services
Transport, postal & warehousing
Wholesale trade
Administrative & support services
Financial & insurance services
Miscellaneous
Source: REMPLAN (February 2012). Miscellaneous denotes: Information media and telecommunications, rental, hiring and real estate services, arts
and recreation services, agriculture, forestry and fishing, electricity, gas, water and waste services and mining.
10
10
Economic indicators
Employment by occupation
Technicians and trade workers are the most common occupations in Wodonga, followed by professionals and clerical and
administrative workers. Wodonga also has a high level of machinery operators and drivers when compared to Victoria and Regional
Victoria, a result of the strong local manufacturing sector.
Employment by occupation
100%
1.9%
1.6%
1.7%
2.0%
90%
12.8%
12.0%
13.1%
9.9%
80%
8.2%
8.1%
7.0%
10.6%
11.2%
9.9%
13.5%
13.7%
9.7%
9.1%
70%
60%
50%
40%
17.6%
6.6%
10.2%
11.8%
14.8%
9.1%
8.4%
15.4%
14.0%
15.7%
20.7%
16.2%
13.5%
Regional Victoria
Victoria
16.5%
30%
20%
15.1%
16.8%
10.6%
11.1%
Wodonga
Albury Wodonga
10%
0%
Managers
Professionals
Technicians and trades workers
Community and personal service workers
Clerical and administrative workers
Sales workers
Machinery operators and drivers
Labourers
Inadequately described or not stated
Source: Census, 2006
11
11
Economic indicators
Economy
Key findings
•
There are approximately 2,750 businesses in Wodonga that fuel the economy.
•
Despite the global economic conditions, the economy in Wodonga has continued to grow.
•
At February 2012, Wodonga’s gross regional product was valued at $2.64 billion and Albury-Wodonga’s gross regional product
was valued at $5.66 billion.
•
In terms of value add activity, public administration and safety is the largest performing sector in Wodonga, generating over
$640 million each year. Manufacturing, rental, hiring and real estate services and health care and social assistance are also
key industry sectors.
•
The total annual value added estimate for Wodonga at February 2012 is $2.48 billion and for Albury-Wodonga is $5.28 billion.
•
85.3 per cent of all exports in Wodonga are from the manufacturing and public administration and safety sectors.
•
The estimated value of exports annually from Wodonga at February, 2012 was $2.88 billion and Albury-Wodonga $4.74 billion.
Value add
The top ten sectors in value-add are listed below for both Wodonga and Albury-Wodonga. Public administration and safety is
particularly high in value add activity in Wodonga because of the defence force presence at Bandiana.
Value add by sector - Wodonga
Transport, postal & warehousing
$89
Wholesale trade
$104
Retail trade
$106
Education & training
$108
Financial & insurance services
$138
Construction
$141
Health care & social assistance
$146
Rental, hiring & real estate services
$223
Manufacturing
$463
Public administration & safety
$642
$0
$100
$200
$300
$400
$500
$600
$700
$ million
Value add by sector - Albury Wodonga
Professional, scientific & technical services
$211
Education & training
$240
Wholesale trade
$267
Retail trade
$295
Construction
$344
Health care & social assistance
$375
Financial & insurance services
$425
Rental, hiring & real estate services
$558
Public administration & safety
$842
Manufacturing
$924
$0
$200
$400
$600
$800
$1,000
$ million
Source: REMPLAN (February 2012)
12
12
Economic indicators
Output / value add
Manufacturing has the highest level of output but a comparatively low level of value add activity in both Wodonga and AlburyWodonga.
Output / value add comparison - Wodonga
Mining
Arts & recreation services
Agriculture, forestry & fishing
Electricity, gas, water & waste services
Accommodation & food services
Other services
Information media & telecommunications
Administrative & support services
Education & training
Health care & social assistance
Retail trade
Transport, postal & warehousing
Financial & insurance services
Professional, scientific & technical services
Wholesale trade
Rental, hiring & real estate services
Construction
Public administration & safety
Manufacturing
Value add
Output
$0
$250
$500
$750
$1,000
$1,250
$1,500
$1,750
$2,000
$2,250
$ million
Output / value add comparison - Albury Wodonga
Mining
Arts & recreation services
Agriculture, forestry & fishing
Electricity, gas, water & waste services
Other services
Administrative & support services
Information media & telecommunications
Education & training
Accommodation & food services
Transport, postal & warehousing
Professional, scientific & technical services
Health care & social assistance
Retail trade
Wholesale trade
Financial & insurance services
Rental, hiring & real estate services
Construction
Public administration & safety
Manufacturing
Value add
Output
$0
$500
$1,000
$1,500
$2,000
$2,500
$3,000
$3,500
$4,000
$4,500
$ million
Source: REMPLAN (February 2012)
13
13
Economic indicators
Exports
The top 10 sectors in regional exports are listed below for both Wodonga and Albury-Wodonga. Exports are the goods and services
produced which are sold to consumers, businesses, and governments based outside the Wodonga’s boundaries. The total value of
exports from the Wodonga region is $2.88 billion. Manufacturing and public administration and safety represent 85.3 per cent of
all exports in Wodonga.
Regional exports - Wodonga
Health care & social assistance
$21
Retail trade
$25
Education & training
$31
Transport, postal & warehousing
$34
Financial & insurance services
$35
Wholesale trade
$52
Information media & telecommunications
$53
Construction
$98
Public administration & safety
$1,041
Manufacturing
$1,425
$0
$250
$500
$750
$1,000
$1,250
$1,500
$ million
Regional exports - Albury Wodonga
Education & training
$51
Financial & insurance services
$71
Transport, postal & warehousing
$81
Health care & social assistance
$85
Accommodation & food services
$97
Retail trade
$121
Wholesale trade
$133
Construction
$243
Public administration & safety
$1,121
Manufacturing
$2,627
$0
$500
$1,000
$1,500
$2,000
$2,500
$3,000
$ million
Source: REMPLAN (February 2012)
14
14
Economic indicators
Development
Key findings
•
In the 2011-2012 financial year, the value of construction was over $124 million on the back of an increase in commercial and
industrial development.
•
There was 275 lots sold in 2011, only nine less than in 2010.
•
There was 212 lots released in 2011, slightly less than the 257 lots released in 2010. The average value of land per lot
decreased slightly in 2011 to $115,619.
•
A total of 321 new residential dwellings were approved by Wodonga Council in 2011, slightly down on 413 in 2010.
•
Wodonga recorded a rise in house and unit prices in 2009-10. The median house price in Wodonga increased by 8.9 per cent in
2009-10 to $277,750, whilst the median unit price increased by 2.8 per cent to $185,000.
•
Since 2009 the value of building permits in Wodonga has remained high, reflecting the strong construction sector. As well as
a growing residential base, several commercial and industrial projects have been started. Many more planned projects will see
the value of building activity remain high.
Quarterly construction table
July to Sept,
2011
Oct to Dec,
2011
Jan to Mar,
2012
April to June,
2012
2011-2012 financial
year
172
176
171
138
657
26
11
14
15
66
198
187
185
153
723
Residential
$21,289,052
$17,970,911
$22,318,498
$14,917,830
$76,496,291
Non-residential
$30,819,017
$2,219,152
$11,844,165
$3,451,584
$48,333,918
TOTAL
$52,108,069
$20,190,063
$34,162,663
$18,369,414
$124,830,209
Building permits issued
Residential
Non-residential
TOTAL
Value
Source: Wodonga Council
Annual construction table
2008
2009
2010
2011
622
805
832
672
95
80
71
88
717
885
903
760
Residential
$56,647,701
$99,320,232
$97,448,526
$76,641,792
Non-residential
$33,220,426
$38,999,057
$53,811,418
$64,837,694
TOTAL
$89,868,127
$138,319,289
$151,259,944
$141,479,486
Building permits issued
Residential
Non-residential
TOTAL
Value
Source: Wodonga Council
15
15
Economic indicators
Residential development
In 2011 residential land sales decreased slightly when compared to 2010. Although decreasing, residential land sales were still
strong with 275 lots sold in the 2011 calendar year. Further, the average value of vacant residential land decreased by 4.1% to
$115,619.
160,000
500
140,000
450
432
120,000
400
350
367
100,000
300
284
80,000
228
312
60,000
250
200
182
164
40,000
275
238
150
Number of lots sold
Average value of land per lot ($)
Residential land sales activity - Wodonga
100
98
20,000
50
0
0
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
No. of lots sold
Average value of land per lot
Source: Wodonga Council
Residential development activity - Wodonga
500
450
400
350
321
300
278
250
200
212
150
100
43
50
0
2002
2003
2004
No. of lots released
2005
2006
2007
Combined total
2008
2009
No. of houses
2010
2011
No. of units
Source: Wodonga Council
16
16
Economic indicators
Residential dwelling sales
Wodonga recorded a rise in house and unit prices in 2009-10. The median house price in Wodonga increased by 8.9 per cent in
2009-10, whilst the median unit price increased by 2.8 per cent.
Wodonga sales
Houses
Year
No of sales
Median price
Units
Mean price
No of sales
Median price
Mean price
2004-2005
645
$237,000
$257,600
148
$169,000
$178,000
2005-2006
581
$250,000
$275,000
113
$170,000
$178,000
2006-2007
642
$260,000
$284,000
147
$183,000
$191,000
2007-2008
546
$266,700
$284,000
150
$185,000
$194,000
2008-2009
576
$255,000
$280,500
150
$180,000
$189,500
2009-2010
484
$277,750
$303,250
101
$185,000
$199,250
Albury sales
Houses
Year
No of sales
Median price
Units
Mean price
No of sales
Median price
Mean price
2004-2005
816
$240,000
$258,000
277
$155,000
$164,500
2005-2006
859
$250,000
$276,500
282
$170,000
$177,500
2006-2007
858
$260,000
$282,000
292
$165,500
$179,000
2007-2008
793
$265,000
$286,000
297
$170,000
$186,000
2008-2009
673
$260,000
$274,500
233
$171,000
$179,000
2009-2010
724
$270,000
$290,000
224
$185,000
$194,500
Source: Fisher Murphy Values Property Trends 2010
17
17
Economic indicators
Demographics
Key findings
•
As at June 30, 2011, Wodonga LGA had an estimated resident population of 37,131, which was an annual increase of 2.1 per
cent compared to 2010.
•
Out of the 79 Victorian LGA’s (including metropolitan), Wodonga had the fourteenth largest percentage increase in population
between 2010 and 2011.
•
In 2031, the population of Wodonga is forecast to be 54,777, an increase of 20,481 persons (59.72 per cent) from 2006. This
represents an average annual growth rate of 1.89 per cent.
•
Wodonga’s average annual wage and salary income is $40,275 (2008-09).
•
Overall, 26.1 per cent of the Wodonga population is aged between 0 and 17, and 17.4 per cent are aged 60 years and over,
compared with 19.1 per cent and 25.4 per cent respectively for Albury.
•
In 2011, the dominant household type in Wodonga was couples with children, which accounted for 29.4 per cent of all
households.
Population
In 2010-11 Wodonga was the fastest growing regional city with a growth rate of 2.1 per cent. Between 2011 and 2031 Wodonga’s
population is forecast to grow by 17,141, an average change of 1.89 per cent.
Regional Cities Victoria
June - 06
June - 07
June - 08
June - 09
June - 10
June - 11
Wodonga
34,293
34,682
35,151
35,755
36,374
37,131
Albury
48,482
49,285
49,998
50,471
51,023
51,359
Greater Geelong
205,686
208,861
212,367
216,465
219,716
223,047
Greater Bendigo
96,543
98,456
100,301
102,438
104,024
105,563
Ballarat
88,451
89,987
92,015
94,147
95,943
97,810
Latrobe
72,003
73,083
74,165
75,306
76,022
76,640
Greater Shepparton
59,427
60,162
61,165
62,406
63,234
63,854
Mildura
51,590
52,519
53,254
53,910
54,250
54,666
Warnambool
31,601
32,254
32,793
33,395
33,868
34,193
Wangaratta
27,333
27,679
28,186
28,681
28,892
29,018
Horsham
19,160
19,452
19,696
20,054
20,199
20,375
Source: ABS, Cat 3218.0 (March 2012)
18
18
Economic indicators
Average annual population growth rate 2010-2011
2.5%
2.1%
1.9%
% change
2.0%
1.5%
1.5%
1.5%
1.0%
1.0%
0.9%
1.0%
0.8%
0.8%
0.7%
0.4%
0.5%
0.0%
Source: ABS, Cat 3218.0
Local government area
Forecast population
2011
2016
2021
2026
2031
Change
2011 - 2031
Average
annual %
change
Wodonga
37,636
41,779
46,235
50,576
54,777
17,141
1.89%
Albury
52,063
56,552
61,508
66,304
71,120
19,057
1.57%
Wodonga - Albury
89,699
98,331
107,743
116,880
125,897
36,198
1.71%
Source: Forecast ID
Forecast average annual growth rate - Wodonga
2.50%
2.2%
2.00%
1.9%
1.8%
1.8%
% change
1.6%
1.50%
1.1%
1.00%
0.50%
0.00%
2006
Source: Forecast ID
2011
2016
2021
2026
2031
Year
19
19
Economic indicators
Age structure
Analysis of service age groups of City of Wodonga in 2011 compared to Victoria shows that there was a higher proportion of
people in the younger age groups (0 to 17 years) and a lower proportion of people in the older age groups (60+ years), indicating
the region’s strength in retaining young people for education and employment opportunities. While the population will age over
time, Wodonga will still maintain a strong youth segment.
Age structure
100.0%
6.8%
7.9%
8.1%
9.6%
9.7%
12.8%
12.5%
19.8%
21.4%
90.0%
9.1%
80.0%
12.3%
70.0%
60.0%
20.4%
50.0%
12.9%
12.7%
40.0%
30.0%
20.0%
10.0%
10.8%
14.2%
10.5%
8.7%
9.6%
8.6%
7.5%
9.8%
9.3%
8.5%
7.6%
6.9%
6.4%
Wodonga
Albury Wodonga
Victoria
0.0%
0 to 4
5 to 11
12 to 17
18 to 24
25 to 34
35 to 49
50 to 59
60 to 69
70 to 84
85 and over
Source: Profile ID, Census 2011
20
20
Economic indicators
Wage and salary income
Wodonga’s median annual wage and salary income is $37,528, the second highest when benchmarked against leading Victorian
regional cities and Albury. Wodonga’s average annual wage and salary income is $40,275.
Individual wage & salary income 2008 - 2009
Annual wage & salary income
$46,000
$44,000
$42,000
$40,000
$38,000
$36,000
$34,000
$32,000
$30,000
Average wage 2008-09
Median wage 2008-09
Source: ABS
Household structure
In 2011, the dominant household type in Wodonga was couples with children, which accounted for 29.4 per cent of all households.
The main changes in household type between 2006 and 2021 are forecast to be:
Couples without dependents, which will increase by 1,909 households, comprising 31.7 per cent of all households.
•
One parent family is forecast to increase by 249 households, to comprise 10.3 per cent of all households in 2021.
Number of households
•
Forecast household types - Wodonga
7,000
6,000
5,000
4,000
2006
3,000
2021
2,000
2031
1,000
0
Couples
Couple
without
families with
dependents dependents
One parent Other families Lone person
family
households
Group
households
Household type
Source: Forecast ID
21
21
Economic indicators
Education and training
Key findings
•
15,328 students were enrolled in primary and secondary schools in Albury-Wodonga in 2010, a slight increase of 0.96 per cent
compared to 2009.
•
Annually, Wodonga TAFE enrols the most students in the Albury-Wodonga region.
•
51 per cent of Wodonga’s population have no formal qualifications whilst 39 per cent have an educational qualification.
•
2006 census data shows that Albury-Wodonga’s population is becoming more educated. The most significant changes in the
level of qualifications achieved since the 2001 census is the increase in vocational qualifications (+2,202) and a bachelor or
higher degree (+1,681), along with a decrease in the number of people with no qualifications. This trend should continue, with
more than 4,480 students studying at university in the Albury-Wodonga LGA’s in 2010.
•
As at December 31, 2010 there were 2,082 people undertaking an apprenticeship or traineeship in the Wodonga LGA, an
increase of 26.95 per cent compared to 2009.
•
In 2010, the most popular apprenticeship in Wodonga was Certificate III in automotive mechanical technology, whilst the most
popular traineeship was Certificate III in transport and logistics.
Student enrolments
Primary Albury
Public
Private
Primary Wodonga
Public
Private
Total primary Albury-Wodonga
Secondary Albury
Public
Private
Secondary Wodonga
Public
Private
Total secondary Albury-Wodonga
University
La Trobe on campus - F/Time
La Trobe on campus - P/Time
CSU on campus - F/Time
CSU on campus - P/Time
CSU distance - F/Time
CSU distance - P/Time
UNSW on campus - F/Time
Total university
Vocational
Wodonga TAFE
Riverina TAFE
Total vocational
Other
Alb-Wod Community College
Grand Total
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
4,640
3,176
1,464
3,712
2,643
1,069
8,352
3,988
2,798
1,190
3,161
2,219
942
7,149
4,740
3,219
1,521
3,731
2,705
1,026
8,471
4,001
2,769
1,232
3,192
2,199
993
7,193
4,737
3,086
1,651
3,758
2,777
981
8,495
4,088
2,718
1,370
3,239
2,216
1,023
7,327
4,684
2,939
1,745
3,678
2,656
1,022
8,362
4,122
2,675
1,447
3,260
2,244
1,016
7,382
4,504
2,761
1,743
3,683
2,611
1,071
8,187
4,134
2,615
1,519
3,256
2,224
1,032
7,390
4,463
2,665
1,798
3,632
2,516
1,116
8,095
4,157
2,571
1,587
3,295
2,137
1,158
7,452
4,319
2,544
1,775
3,650
2,506
1,144
7,969
4,135
2,546
1,589
3,208
2,012
1,196
7,343
4,238
2,505
1,733
3,604
2,396
1,208
7,842
4,145
2,505
1,640
3,236
1,964
1,272
7,381
4,231
2,535
1,696
3,590
2,358
1,232
7,821
4,055
2,464
1,591
3,306
1,972
1,334
7,361
4,200
2,559
1,641
3,608
2,286
1,322
7,808
4,278
2,583
1,694
3,242
1,850
1,392
7,520
1,160
370
114
1,606
4
3,254
1,249
370
189
1,833
4
3,645
1,363
360
160
1,529
15
3,427
821
388
1,394
374
155
1,301
15
4,448
754
356
1,524
368
96
1,297
22
4,395
711
365
1,556
438
116
1,276
20
4,462
699
298
1,561
389
150
1,298
16
4,395
639
351
1,435
435
130
1,573
16
4,563
614
365
1,498
493
142
1,757
28
4,869
1,515
305
141
1,592
40
4,483
-
-
-
-
-
-
-
-
-
-
11,927
5,842
17,769
12,874
5,279
18,153
13,071
5,405
18,476
14,146
4,879
19,025
14,037
5,665
19,702
584
-
592
-
609
-
637
-
662
-
779
38,557
894
38,754
934
39,196
933
40,009
728
40,241
890
Source: Charles Sturt University, La Trobe University, NSW department of education and training, Victorian Department of Education and Early Childhood Development,
Wodonga TAFE, Riverina TAFE, Albury-Wodonga Community College. Note: University of NSW only has years four, five and six medical students based at rural medical
school in Albury. Note: Non-government data for 2010 is still preliminary. Note: Private includes catholic and independent schools. Note: Albury-Wodonga Community
College data represents VET, VCAL and VCE enrolments.
22
22
Economic indicators
In 2009, 28.9 per cent of students enrolled on campus at La Trobe University and Charles Sturt University studied part-time whilst
71.1 per cent studied full-time.
Full time and part-time students (on campus) 2009
100%
90%
493
365
80%
70%
60%
Part time students
50%
40%
Full time students
1,498
614
30%
20%
10%
0%
La Trobe University
Charles Sturt Univesity
Source: Charles Sturt University and La Trobe University.
% of total population
Education institute attending - Wodonga
10
8
6
4
2
0
Other
University
TAFE
Secondary - Total
Secondary - Independent
Secondary - Catholic
Secondary - Government
Primary - Total
Primary - Independent
Primary - Catholic
Primary - Government
Pre School
primary
secondary
Education institue attending
Source: Profile ID. Note: Table totals may not equate with other similar tables due to randomisation of small numbers.
23
23
Economic indicators
Qualification status
Analysis of the qualifications of the population in Wodonga in 2006 compared to Albury-Wodonga shows that there was a
similar proportion of people holding formal qualifications (Bachelor or higher degree; advanced diploma or diploma; or vocational
qualifications) and a similar proportion of people with no formal qualifications.
Overall, 39 per cent of the Albury-Wodonga population held educational qualifications, and 50 per cent had no qualifications.
Qualification status
100%
90%
10%
11%
51%
50%
22%
21%
7%
7%
10%
11%
Wodonga
Albury Wodonga
80%
70%
60%
50%
40%
30%
20%
10%
0%
Bachelor or higher degree
Advanced diploma or diploma
Vocational
No qualifications
Not stated
Source: Census data 2006, Profile ID. Note: Persons aged 15 years and over.
24
24
Economic indicators
Apprenticeships and traineeships
Apprenticeship
Traineeship
Total
at Dec 31, 2010
1,373
709
2,082
At Dec 31,2009
1,007
633
1,640
Apprentice/trainee - total in training in Wodonga
Apprenticeships
Course
at Dec 31, 2010
CERTIFICATE III IN AUTOMOTIVE MECHANICAL TECHNOLOGY: AUTOMOTIVE MECHANIC HEAVY
VEHICLE ROAD TRANSPORT
CERTIFICATE III IN ENGINEERING - MECHANICAL TRADE
CERTIFICATE III IN GENERAL CONSTRUCTION (CARPENTRY FRAMEWORK/FORMWORK/FINISHING)
CERTIFICATE III IN ELECTRONICS AND COMMUNICATIONS
CERTIFICATE III IN HOSPITALITY (COMMERCIAL COOKERY)
CERTIFICATE III IN PLUMBING
CERTIFICATE III IN ENGINEERING - ELECTRICAL/ELECTRONIC TRADE
CERTIFICATE III IN CARPENTRY
CERTIFICATE III IN ENGINEERING - FABRICATION TRADE
CERTIFICATE III IN AUTOMOTIVE MECHANICAL TECHNOLOGY: AUTOMOTIVE MECHANIC LIGHT
VEHICLE
CERTIFICATE III IN ELECTROTECHNOLOGY ELECTRICIAN
CERTIFICATE III IN PLUMBING
CERTIFICATE III IN HOSPITALITY (COMMERCIAL COOKERY)
CERTIFICATE III IN ELECTROTECHNOLOGY SYSTEMS ELECTRICIAN
CERTIFICATE III IN AUTOMOTIVE MECHANICAL TECHNOLOGY: AUTOMOTIVE MECHANIC HEAVY
VEHICLE MOBILE EQUIPMENT
OTHER
Total
at Dec 31, 2009
348
121
217
86
98
103
79
76
66
65
52
45
35
23
72
45
4
41
40
40
29
20
17
33
27
2
8
28
13
264
1,373
10
273
1,007
Most popular apprenticeships and traineeships in Wodonga
Traineeships
Course
CERTIFICATE III IN TRANSPORT AND LOGISTICS (ROAD TRANSPORT)
DIPLOMA OF MANAGEMENT
CERTIFICATE III IN RETAIL
CERTIFICATE II IN RETAIL
CERTIFICATE III IN BUSINESS
CERTIFICATE IV IN BUSINESS ADMINISTRATION
CERTIFICATE III IN TRANSPORT AND LOGISTICS (WAREHOUSING AND STORAGE)
CERTIFICATE IV IN RETAIL MANAGEMENT
CERTIFICATE III IN HOSPITALITY
CERTIFICATE II IN MEAT PROCESSING (ABATTOIRS)
CERTIFICATE III IN TRANSPORT AND DISTRIBUTION (ROAD TRANSPORT)
CERTIFICATE III IN CHILDREN'S SERVICES
DIPLOMA OF CHILDREN'S SERVICES (EARLY CHILDHOOD EDUCATION AND CARE)
CERTIFICATE IV IN TRANSPORT AND LOGISTICS (WAREHOUSING AND STORAGE)
CERTIFICATE III IN RETAIL OPERATIONS
OTHER
Total
at Dec 31, 2010
73
51
51
40
24
23
22
19
18
17
17
14
14
14
14
298
709
at Dec 31, 2009
37
0
31
43
18
21
20
14
4
30
37
1
2
16
16
343
633
Source: Department of Education and Early Childhood Development
25
25
Economic indicators
National indicators
Australian business confidence
In Australia, business confidence remained at 2 in December of 2011. The National Australia Bank’s monthly survey of business
confidence measures current performance of the non-farm business sector and is based on a survey of around 350 small to large
sized companies. Business confidence surveys can provide useful signs about the current condition of the economy, because
companies often have information about consumer demand sooner than government statisticians do.
Australian business confidence 2011
14
15
9
10
7
6
4
5
2
2
Nov
Dec
0
0
-1
-5
-1
-3
-10
-9
-15
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Source: Trading Economics
Australian consumer confidence
Consumer confidence is the degree of optimism that consumers feel about the overall state of the economy and their personal
financial situation. How confident people feel about stability of their incomes determines their spending activity and therefore
serves as one of the key indicators for the overall shape of the economy. In essence, if consumer confidence is higher, consumers
are making more purchases, boosting the economic expansion. On the other hand, if confidence is lower, consumers tend to save
more than they spend, prompting the contraction of the economy.
Australian consumer confidence 2011
10
8.1
6.3
5
1.9
1.2
0.2
0.4
0
-1.3
-2.4
-2.6
-5
-3.5
-5.7
-8.3
-10
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Source: Trading Economics
26
26
Economic indicators
Interest rate
Interest rate decisions are taken by the Reserve Bank of Australia’s board. The official interest rate is the cash rate. From 1990
until 2010, Australia’s average interest rate was 5.81 per cent reaching an historical high of 17.50 percent in January of 1990 and
a record low of 3 percent in April of 2009.
Australia Interest Rate
8.00%
7.00%
Interest rate
6.00%
5.00%
4.00%
3.00%
2.00%
1.00%
0.00%
Nov-11
Sep-11
May-11
Jul-11
Mar-11
Nov-10
Jan-11
Sep-10
May-10
Jul-10
Mar-10
Nov-09
Jan-10
Sep-09
May-09
Jul-09
Mar-09
Nov-08
Jan-09
Sep-08
May-08
Jul-08
Mar-08
Jan-08
Source: Trading Economics
Gross domestic product
Historically, from 1959 until 2011, Australia’s average quarterly GDP Growth was 0.89 percent reaching an historical high of 4.60
percent in March of 1976 and a record low of -2.70 percent in June of 1974. Australia’s economy is dominated by its services
sector, yet its economic success is based on abundance of agricultural and mineral resources. Australia’s comparative advantage
in the export of primary products is a reflection of the natural wealth of the Australian continent and its small domestic market.
The country is a major regional financial centre and a vital component of the global financial system.
Australia GDP Growth Rate
2
1.4
1.5
1.2
1
1
0.9
0.6
0.7
0.7
0.6
0.8
0.4
0.5
0.1
Dec-11
Sep-11
Jun-11
Mar-11
Dec-10
Sep-10
Jun-10
Mar-10
Dec-09
Sep-09
Jun-09
-0.5
Mar-09
0
-0.7
-1
Source: Trading Economics, ABS. Note: Annual GDP growth adjusted by inflation.
27
27
Economic indicators
Glossary and acronyms
Glossary
Census
The census of population and housing
aims to accurately count the number
of people in Australia, their key
characteristics, and the dwellings in
which they live. It is conducted by the
ABS once every five years. During the
census every household and person
in the country is required to answer
specific questions on the paper form or
through eCensus online.
Local government area
Local government in Australia is the
third (and lowest) tier of government,
administered by the states and
territories which in turn are beneath the
Commonwealth or federal tier. There are
79 municipal districts in Victoria, often
referred to as local government areas
(LGAs). They are constituted as cities,
shires, rural cities and, in one case, a
borough.
Mean (or average)
A place to live in; a place of residence.
Obtained by adding several quantities
together and dividing the sum by the
number of quantities.
Exports
Median
Goods and services produced by
industry sectors in Wodonga which are
sold to consumers, businesses, and
governments based outside the region’s
boundaries.
One type of average, found by arranging
the values in order and then selecting
the one in the middle.
Dwelling
Forecast ID
An interactive on-line population
forecast program.
Full-time equivalent
Full-time equivalent employment is the
number of full-time equivalent jobs,
defined as total hours worked divided by
average annual hours worked in full-time
jobs.
Gross domestic product
The market value of all final goods and
services produced within a country in a
given period.
Gross regional product
The value that is added by industry
sectors to intermediate inputs.
Interest rate
The current cash interest rate set by
the reserve Bank of Australia.
Labour force
The total number of people employed
or seeking employment in a country or
region.
expressed as a percentage of the labour
force.
Value added
Value added activity represents the
marginal economic value that is added
by each industry sector in a defined
region. Value added can be calculated
by subtracting local expenditure and
expenditure on regional imports from
the output generated by an industry
sector.
Vocational training
Training that emphasises skills and
knowledge required for a particular job
function or a trade.
Megalitre
One million litres.
North East Victoria
Compromises of the following local
government areas: Wodonga, Indigo,
Towong, Alpine and Wangaratta.
Output
Acronyms
Output data represents the gross
revenue generated by businesses/
organisations in each of the industry
sectors in a defined region. Gross
revenue is also referred to as total sales
or total income.
AAGR - Average annual growth rate
Profile ID
An interactive on-line sociodemographic profile program.
Population
All of the people inhabiting a specified
area; the total number of such people.
ABS - Australian Bureau of Statistics
ANZIC - Australian New Zealand
Standard Industry Classification
CBD - Central business district
DEEWR - Department of employment
and workplace relations
FTE - Full time equivalent
GDP - Gross domestic product
GFC - Global financial crisis
REMPLAN
GRP - Gross regional product
REMPLAN is a regional economic
analysis software package provided by
Compelling Economics.
LGA - Local government area
Unemployment rate
The number of unemployed persons
LQ - Location quotient
ML - Megalitre
mm - Millimetre
NE - North East
28
DISCLAIMER
While the information contained in this information memorandum has been prepared with all due care for the benefit of the user,
Wodonga City Council, its officers, employees, agents (“Council”) do not warrant or make representations as to its accuracy. The
information is made available on the understanding that Council shall have no liability for any loss whatsoever that might arise as
a result of the use of information by the reader or any third parties who receive the information directly or indirectly. It is the users
responsibility to make his or her investigations, decisions and enquiries about the information.
29
Contact details
Wodonga Council
Economic development team
104 Hovell St
Wodonga, 3690
VIC, Australia
Phone: (02) 6022 9300
E: [email protected]
30