National Regional Profile: Magnetic Island (Statistical Local Area)  
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 29/04/2010 CLASSIFICATIONS CODE: 345057031   
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Economy ECONOMY

2004
2005
2006
2007
2008

ESTIMATES OF UNEMPLOYMENT - June quarter

Unemployed persons no.
85
78
57
51
47
Unemployment rate %
7.4
6.5
4.5
4.0
3.8

TAXATION STATISTICS - year ended 30 June

Non-taxable individuals no.
-
-
264
282
-
Taxable income (non-taxable individuals) $m
-
-
2.0
2.4
-
Average taxable income (non-taxable individuals) $
-
-
7 687
8 644
-

Taxable individuals no.
-
-
912
918
-
Taxable income (taxable individuals) $m
-
-
37.3
39.0
-
Average taxable income (taxable individuals) $
-
-
40 890
42 432
-

Taxable and non-taxable individuals no.
-
-
1 176
1 200
-
Taxable income (taxable and non-taxable individuals) $m
-
-
39.3
41.4
-
Average taxable income (taxable and non-taxable individuals) $
-
-
33 437
34 492
-

SELECTED GOVERNMENT PENSIONS & ALLOWANCES - at 30 June

Age Pension - Centrelink no.
193
192
192
197
208
Age Pension - DVA no.
0
0
np
0
0
Carers Payment no.
np
np
np
np
np
Disability Support Pension no.
86
84
85
97
101
Newstart Allowance no.
88
62
48
55
50
Parenting Payment - Single no.
78
70
72
66
61
Youth Allowances no.
42
21
np
np
np

Newstart Allowance - more than 365 days %
58.0
np
np
49.1
58.0

ESTIMATES OF PERSONAL INCOME - year ended 30 June

Average Wage and salary income $
29 917
31 473
33 265
34 116
-
Average Own unincorporated business income $
10 475
14 508
17 080
15 410
-
Average Investment Income $
3 533
5 428
5 836
7 325
-
Average Superannuation and annuity income $
18 508
19 639
20 409
22 256
-
Average other income (excl. Government pensions & allowances) $
3 276
6 677
4 214
4 279
-

Total income (excl. Government pensions & allowances) $m
31.0
36.2
39.0
41.7
-

WAGE AND SALARY EARNERS BY SEX - year ended 30 June

Males %
50.9
51.0
49.7
50.9
-
Females %
49.1
49.0
50.3
49.1
-

WAGE AND SALARY EARNERS BY AGE - year ended 30 June

Aged 15 years to 24 years %
12.6
14.2
15.3
15.5
-
Aged 25 years to 34 years %
17.2
16.3
15.7
16.1
-
Aged 35 years to 44 years %
23.0
24.2
20.6
21.3
-
Aged 45 years to 54 years %
28.3
26.5
27.8
27.2
-
Aged 55 years to 64 years %
16.8
17.0
18.3
17.4
-
Aged 65 years and over %
2.0
1.8
2.4
2.5
-

WAGE AND SALARY EARNERS BY OCCUPATION - year ended 30 June

Managers and Administrators %
7.3
8.3
7.8
7.2
-
Professionals %
18.3
18.0
17.1
16.2
-
Associate Professionals %
9.7
8.1
7.4
10.2
-
Tradespersons and Related Workers %
9.0
11.1
12.4
11.5
-
Advanced Clerical and Service Workers %
1.6
1.8
1.9
1.5
-
Intermediate Clerical, Sales and Service Workers %
16.6
17.1
16.0
17.1
-
Intermediate Production and Transport Workers %
5.5
5.8
5.5
5.2
-
Elementary Clerical, Sales and Service Workers %
9.7
10.5
11.1
9.6
-
Labourers and Related Workers %
10.9
10.7
10.5
12.0
-
Not Stated %
11.4
8.7
10.4
9.5
-

ESTIMATES OF HOUSEHOLD WEALTH - year ended 30 June

Net worth per household $'000
369.7
-
-
-
-
Aggregate household net worth $m
392.6
-
-
-
-
Equivalised net worth $'000
278.9
-
-
-
-
Assets per household $'000
423.2
-
-
-
-
Liabilities per household $'000
53.5
-
-
-
-
Debt to asset ratio %
12.6
-
-
-
-

COUNTS OF BUSINESSES, INCLUDING ENTRIES AND EXITS

Number of Businesses - at 30 June

Non-employing businesses no.
138
117
117
102
-
Employing businesses: 1 to 4 employees no.
45
51
63
69
-
Employing businesses: 5 or more employees no.
39
39
36
42
-
Total businesses no.
222
207
216
213
-

Business Entries - year ended 30 June

Non-employing business entries no.
24
12
21
33
-
Employing business entries no.
12
6
9
12
-
Total business entries no.
36
18
30
45
-

Business Exits - year ended 30 June

Non-employing business exits no.
33
15
27
30
-
Employing business exits no.
0
3
6
0
-
Total business exits no.
33
18
33
30
-