HEARTLAND REGIONS
Smaller population, lower growth rates and distant from major centres
High reliance on ‘providers of last resort’ and other government interventions to overcome market thinness
Slow growth, low incomes, isolated from large centres
REGIONAL CITIES
Generally have
more than
50,000 residents
Diverse economies, experiencing benefits of agglomeration
Different approach needed in markets with high capital costs, including aged care
CONNECTED LIFESTYLE REGIONS
Close to major metropolitan markets, but with fewer residents
Economically connected to major metropolitan centres
Given proximity to urban areas, same assumptions apply except in exceptional circumstances
INDUSTRY AND SERVICE HUBS
Close to industry and/or high growth rate, generally have more than 5,000 residents
Economically reliant on proximate industrial activity
More ‘providers of last resort’ needed
Greater role for private provision in some areas, though effects of economic volatility should be considered
VERY ISOLATED AREAS
Remote, highly disadvantaged and very small population
Extremely isolated, limited private economic activity
Require a totally different approach
Government is ‘provider of last resort’
High ‘key person risk.
DESCRIPTION
ECONOMIC CHARACTERISTICS
STEWARDSHIP IMPLICATIONS