Gross Regional Product
$5.4B
June 2024 (4 Qtr Sum)
This was a 0.4% increase from March and a 1.5% increase from the previous year.
Local Workers
40,940
June 2024 (4 Qtr Ave)
This was a 1.1% increase from March and a 4.8% increase from the previous year.
GST Registered Businesses
13,691
Mar 2024 (4 Qtr Ave)
This was a 1.5% increase from December and a 5.9% increase from the previous year.
Building Approvals
$149M
June 2024
This was a 33.3% decrease from March and a 19.9% decrease from the previous year.
Median House Price
$705K
June 2024
This was a 2.2% increase from March and a 3.7% increase from the previous year.
Unemployment Rate
3.5%
June 2024 (12mth ave.)
This was a 0.1% decrease from March and a 0.3% decrease from the previous year.
Jobseeker Numbers
3,230
June 2024
This was a 4.4% increase from March and a 5.4% increase from the previous year.
DomesticVisitor Numbers
360K
June 2024
This was a 33.3% increase from December and a 17.5% increase from the previous year.
State Economic Indicators
State Demand Qtr Change
Retail Turnover Qtr Change
Unemployment Rate
Inflation Rate YTD
0.6%
June 2024
Australia: 0.4%
-0.5%
June 2024
Australia: -0.3%
4.6%
June 2024
Australia: 4.1%
3.7%
June 2024
Australia: 3.8%
Source: ABS National Accounts, Retail Trade (Chain Volumes, Seasonally Adjusted), Labour Force Survey (Seasonally Adjusted), Consumer Price Index.
The Cardinia Economy
Top Employing Industries - 2021/22
Construction
6,208 workers
Share of Employment
Cardinia
17%
Greater Melbourne
10%
5 Year Growth Rate
Cardinia
29%
Greater Melbourne
9%
Education
4,424 workers
Share of Employment
Cardinia
12%
Greater Melbourne
9%
5 Year Growth Rate
Cardinia
46%
Greater Melbourne
11%
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Retail Trade
4,125 workers
Share of Employment
Cardinia
11%
Greater Melbourne
9%
5 Year Growth Rate
Cardinia
12%
Greater Melbourne
-3%
Health Care
4,100 workers
Share of Employment
Cardinia
11%
Greater Melbourne
13%
5 Year Growth Rate
Cardinia
36%
Greater Melbourne
17%
Manufacturing
2,905 workers
Share of Employment
Cardinia
8%
Greater Melbourne
8%
5 Year Growth Rate
Cardinia
27%
Greater Melbourne
-8%
Source: NIEIR, 2023, compiled and presented by .id (informed decisions).
Agribusiness Profile
Agriculture and food related processing is an important sector for the Cardinia Shire.
Contribution in 2021/22
Key commodities in 2021 included:
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37%
Cardinia's Total Export Value
is generated by Agriculture and Food Product Manufacturing
7.6%
Cardinia's Local Employment
is within Agriculture and Food Product Manufacturing
$71M
Poultry
4% of Victoria's production value
$71M
Asparagus
98% of Australia's production value
$51M
Milk
16% of Victoria's production value
$44M
Nurseries
14% of Victoria's production value
$42M
Cattle
13% of Victoria's production value
$20M
Eggs
6% of Victoria's production value
Source: ABS Value of Agricultural Commodities, 2021; Australian Horticulture Statistics Handbook, compiled and presented by .id (informed decisions).
The Cardinia Workforce
2021 Census data can be used to provide overview characteristics of people who work in Cardinia Shire.
38 years
Median Age
Cardinia Residents - 38 years
Greater Melbourne - 39 years
50% / 50%
Male / Female
Cardinia Residents - 53% / 47%
Greater Melbourne - 51% / 49%
27%
Overseas Born
Cardinia Residents - 28%
Greater Melbourne - 40%
28%
Managers/ Professionals
Cardinia Residents - 29%
Greater Melbourne - 42%
58% / 42%
Full time / Part time
Cardinia Residents - 65% / 35%
Greater Melbourne - 65% / 35%
$51,476
Median Income
Cardinia Residents - $58,646
Greater Melbourne - $64,903
24%
Degree Qualified
Cardinia Residents - 25%
Greater Melbourne - 45%
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Sales Assistants, School Teachers, Child Carers, Retail Managers, Truck Drivers
Top Occupations
Cardinia Residents - Sales Assistants, Aged Carers, Truck Drivers, Nurses, Clerks
Source: ABS Census of Population and Housing 2021, compiled and presented by .id (informed decisions).