Income and Wealth From all research gathered, Mackay has shown strong growth regarding per capita wealth and one-year income. The region generated in excess of $17.2 billion in frugal value in 2008-2009, and is one of the fastest ripening economies in Queensland (REDC 2009). This has been counterbalanced by the rise in animateness costs. The office of growth in salaries and wages and the total income is shown in the dodge below. accede 1 | Â Â 2004-2005| 2005-2006| 2006-2007| clean Wage &type A; Salary Income| Â 6.94%| Â 6.63%| 5.42%| Â replete(p) Income| Â 12.95%| Â 14.2%| Â 10.38| Not only has the ABS indicated this perspective, the Regional Economic outgrowth lodge has excessively stated that, on average, Mackay kinfolkholds have shown a meaningful increase in their yearly income (See table 2). Table 2 Average Weekly Household Income| | 2006| 2001| % Change| Mackay LGA| | | | Mackay| $1,332.50| $844.36| 57.8%| Mirani| $1,156.82| $762.58| 51.7%| Sarina| $1,258.97| $779.31| 61.5%| range have change magnitude by %100 in the last decade (P Martin, 2010, ad hominem communication). This drastic rise in rates has definitely change magnitude the instability and insistency on those low and medium wealth families of Mackay.
There be some rates which are the same as in Brisbane and other areas of Queensland (See appendix B). Groceries are as well as far more(prenominal) pricey than in Brisbane and other areas of Queensland. This is not due to our outside(a) location, but the assumption that due to Mackays prosperity, more expensive basic essentials ca n be afforded by the residents. Phil Martin ! (2010, personal communication) also reminds us that not everyone in Mackay is a miner, and therefore arent immune to the extreme growth in the cost of living. The affordability of accommodate in Mackay is another major issue. The median value house price in Mackay is $386 000 and only 32.6% of households can buckle chthonian this. The other 77.4% of people have to either live with family or...If you insufficiency to get a full essay, order it on our website:
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