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The Fraser Coast is one of the fastest growing regions in Queensland. Located approximately 3 hours drive north of Brisbane, the Fraser Coast is the gateway to the World Heritage listed Fraser Island and the southern region of the Great Barrier Reef. The Fraser Coast is a dynamic region combining the leisure and tourism activities in Hervey Bay with unique Queensland heritage values and major manufacturing and engineering operations in Maryborough. These strengths are further complimented by ‘tree change’ rural lifestyles in Woocoo and Tiaro.
On 15 March, 2008 the Fraser Coast Regional Council was formed, including the amalgamation of the Hervey Bay, Maryborough, Woocoo and Divisions 1 and 2 of Tiaro LGAs.
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Indicator
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Reference Period
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Statistic
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% Change from
Previous Period
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| Population |
2007 |
92,458 |
3.3% |
| GRP |
2007-2008 |
$3.03 Billion |
19.6% |
| Labour force |
2008 |
37,147 |
11.2% |
| Unemployment Rate (a) |
Sept. 2008 |
6.6% |
1.5% |
| Average Weekly Income |
2006 |
$660 |
NA |
| Building Approvals (Residential ) |
2008 |
$240 Million |
0.4% |
| Building Approvals (Non-Residential) |
2008 |
$84 Million |
3.6% |
Source: AECgroup (2009); ABS (2007a); ABS (2007b); REIQ (2008)
Notes: (a) Unemployment rate change is an absolute change in percentage.
Fraser Coast Regional Economy
Percentage Industry Contribution to GRP (Less Taxes and Subsidies), 2007-08
Major Industries
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Industry
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Overview
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| Tourism |
Approximately 1.77 million people visited the Fraser Coast last year, attracted by Fraser Island the Great Barrier Reef. The Hervey Bay Airport brought almost 230,744 passengers to the region last year. There are 80 different accommodation options offering 2,232 guest rooms. |
| Manufacturing |
Maryborough is the manufacturing and engineering hub of the Fraser Coast. The manufacturing sector contributed $500 million to the GRP last year. Major manufacturing companies include Downer EDI Rail/ Bombardier, Maryborough Sugar, Hyne Timber and Dale & Meyers Timber. The Fraser Coast Enterprise Zone further supports future manufacturing and engineering development by offering a diverse range of potential locations throughout the region. |
| Agriculture and Forestry |
The Fraser Coast has had a strong tradition of agriculture and forestry and historically, this sector has contributed greatly to the development of this region. The sector contributed $39.7 million to the regional economy last year and supports some of the larger manufacturing operations in the area. |
| Construction |
The construction sector generated $280 million last year and is a significant employer in the region, providing jobs for 4,346 people (11.7% of total workforce). There is currently $345 million of major projects under construction on the Fraser Coast. The construction sector has benefited over recent years by a vibrant property development sector and increasing property prices. |
| Retail |
Retail trade is the largest employment sector on the Fraser Coast employing over 5,000 people (13.6% of total workforce). This sector contributed $230 million to the region economy last year. Hervey Bay is the retail hub for the region.
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Top Reasons to Invest in the Fraser Coast
1. Vibrant and growing region: Fraser Coast is growing at 3.7% per year for the past 6 years.
2. Diverse economy: A growing and diverse economy of $3.03 billion that offers numerous opportunities
3. Operating cost advantages: Queensland payroll tax and stamp duty is lower than other states and cost of living in Fraser Coast is lower than other regions in Queensland
4. Diverse workforce: A diverse range of skills from tourism to manufacturing.
5. Ample utility infrastructure: Fraser Coast has suitable electricity, gas, water and waste water infrastructure for future development.
6. Affordable available land for commercial and industrial development: The Fraser Coast Enterprise Zone offers numerous options for industrial development and there are various sites in the Fraser Coast for retail/commercial development.
7. Transportation infrastructure: Fraser Coast has great access to road, rail, air and sea transportation networks.
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