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A prosperous economy

Probably a good indicator for how the community views the financial wellbeing of their local area, understanding ‘a prosperous economy’ - and unpacking this concept across small areas - provides a platform for us to explore the relative distance between places perceived to be the most and least prosperous, whether we are becoming more economically prosperous overall or in pockets and whether the gap between the most and least prosperous local areas is expanding or contracting.

A prosperous economy in Australia

15% of residents selected ‘A prosperous economy’ as an important attribute when considering what makes somewhere a good place to live, making it the 15th most important liveability aspect for Australia residents overall. Residents rated their experience of ‘A prosperous economy’ in their local area 6.2 out of 10, on average, making it the 12th most positively experienced attribute of 16.

Benchmarks

Importance
Experience
Australia
15%
6.2
May 2023
16%
6.2
Metropolitan Australia: 2024
15%
6.3
Regional Australia: 2024
15%
5.8

Local areas

Importance
Experience
Australia
15%
6.2
South East Queensland (n = 487)
17%
6.4
Melbourne (n = 367)
18%
6.2
Sydney (n = 377)
11%
6.5
Adelaide (n = 207)
14%
6.5
Darwin (n = 229)
18%
4.8
Hobart (n = 232)
10%
5.2
Perth (n = 327)
18%
6.8
The ACT (n = 302)
13%
6.5
Western VIC (n = 178)
11%
6.2
Northern NSW (n = 169)
8%
5.2
Eastern VIC (n = 286)
16%
5.7
Southern NSW (n = 214)
12%
5.8
Central NSW (n = 284)
14%
5.9
Central VIC (n = 185)
8%
6.4
Central QLD (n = 166)
17%
6.4
Regional SA (n = 113)
19%
6.6
Rest of QLD (n = 31)
22%
6.2
Regional Tas (n = 263)
15%
5.2
Regional WA (n = 317)
18%
6.2
Far North Queensland (n = 208)
20%
5.5
Regional NT (n = 122)
14%
4.4

Gender

Importance
Experience
Australia
15%
6.2
Male (n = 1954)
22%
6.4
Female (n = 2943)
9%
6.1
Other (n = 64)
13%
4.9

Age

Importance
Experience
Australia
15%
6.2
18 - 34 (n = 1035)
13%
6.0
35 - 59 (n = 1810)
17%
6.1
60 + (n = 1992)
15%
6.4

Significantly higher
Significantly lower