Economic Impact of the Fernleigh Awabakal Shared Track in Lake Macquarie

This case study explores the economic benefits that the track provides to the region, focusing on tourism revenue, local business support, property values, health & productivity, community events, & environmental benefits.

Tourism Revenue

• Attraction for Visitors: The track attracts tourists and outdoor enthusiasts who enjoy its scenic and safe environment. The influx of visitors translates into increased spending on local accommodation, dining, and other services.
• Extended Stays: Visitors might extend their stays to explore the track more thoroughly, further boosting the local economy.

Local Business Support

• Increased Foot Traffic:
  The track brings more people to the area, benefiting local businesses such as cafes, restaurants, bike rental shops, and retail stores.
• New Business Opportunities:
  The popularity of the track creates opportunities for new businesses catering to visitors’ needs, such as guided tours, bike repair shops, and adventure gear stores.

Property Values

• Enhanced Property Appeal:
  Proximity to the track enhances property values as homes and businesses near the track become more desirable, increasing investment in the local real estate market.

Health and Productivity

• Improved Public Health:
  The track encourages physical activity, leading to better health outcomes for residents. Healthier individuals tend to have lower healthcare costs and higher productivity, benefiting the local economy.
• Reduced Healthcare Costs:
  Increased physical activity can reduce healthcare costs for the community, freeing up resources for other economic initiatives.

Community Events and Activities

• Hosting Events:
  The track can host community events such as fun runs, cycling competitions, and nature walks. These events attract participants and spectators, generating additional revenue for the local economy.
• Educational Programs:
  Schools and organisations might use the track for educational programs and outdoor activities, increasing engagement with the local environment and culture.

Environmental Benefits

• Preservation of Natural Areas:
  By promoting environmental awareness and conservation, the track helps preserve natural areas, which can have long-term economic benefits through ecosystem services such as clean air and water.
• Sustainable Tourism:
  Encouraging sustainable tourism practices ensures that the natural beauty of Lake Macquarie is maintained for future generations, supporting a continuous influx of tourists.

The Fernleigh Awabakal Shared Track significantly contributes to the economic vitality of Lake Macquarie by attracting tourists, supporting local businesses, enhancing property values, improving public health, and fostering community engagement. Additionally, it promotes environmental conservation, ensuring long-term sustainability and continued economic benefits for the region.

This underscores the multifaceted economic impact of recreational infrastructure and highlights the specific advantages brought about by the Fernleigh Awabakal Shared Track in Lake Macquarie.