Neighbours: Growing household numbers are boosting revenue for local governments
The Local Government Administration industry includes municipal councils in Australia. The industry has three primary means of generating income: rates charges, user charges, including statutory fees and fines, and government funding. Revenue has been growing at an average annualised 1.3% over the past five years and is expected to total $56.9 billion in 2022-23, when revenue will jump by an estimated 1.0%. An expanding number of households has provided a steady source of revenue in recent years, as councils charge rates on a per-property basis. Property rates and charges are the primary source of local government income. Nonetheless, segment revenue growth has been stifled by caps on the rise of rates and charges.
This industry consists of local government administrations, also known as local councils. Units of local government authorities that are mainly involved in activities other than government administration are included in industries appropriate to their activity.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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