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APPENDIX H

Economic Needs Assessment
Prepared by

Core Economics

743 Ann Street, PO Box 1559, Fortitude Valley QLD 4006 Phone 07 3237 8899 Facsimile 07 3237 8833

Page 37 | 20517_PlReport_FINAL_FW MC.doc
Full text of the other 18 pages

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\ Core |
Economics

Client: Peregian Beach Caravan Park

Project: Opportunity Retail Analysis
Peregian Beach Retail

Date: May 2006
Prepared By:
William Owen: [email protected] Core Economics
Steven Andrews: [email protected] PO Box 287
Robina Queensland 4226
Project No. 06/0043 Phone — 07 5578 8704

Facs - 07 5578 8706

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Page 1

Table of Contents

Table of Contents 1
Introduction 2
Assumptions 2
Assessment Context 2
Section 1 Regional Context and Infrastructure 3
14 Regional Context 3
1.2 Local Context and infrastructure 3
1.2 Local Context and infrastructure 4
1.3 Implications 6
Section 2 Area of Economic Influence 7
24 Local and Surrounding Al’s 7
2i2 Implications 8
Section 3 Demographic Characteristics 9
3.4 Introduction 9
3.2 Population Projections 9
3.3 Demographic Characteristics 10
3.4 Expenditure Potential 10
3.5 Implications 11
Section 4 Market Synopsis 12
41 Potential Area of Trade 12
4.2 Other Sources of Expenditure 12
4.3 Market and Current Performance 12
4.4 Implications 13
Section 5 Summary and Recommendations 14
5.1 Summary 14
5.2 Recommendations 15
Appendix 16

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06/0043 - Opportunity Analysis - Peregian Beach Caravan Park Economics

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Introduction

This report has been commissioned by Gavin Edwards of the PMM Group on
behalf of the Peregian Caravan Park.

The purpose of this report is to identify suitable retail uses and indicative size
of these facilities for the subject site. The report investigates the potential
retail opportunity for the site by assessing the demand and need for a range
of uses, as well as addressing the affect of these developments within the
wider region. Planning issues and sensitivities in relation to the site have also
been addressed.

The objectives to the report are to identify and assess the opportunity for
these uses and to recommend the appropriate actions for future site
development.

Assumptions

This report has been prepared on the instructions of the stated party and is
intended to address the issues as defined in the Terms of Reference. The
data, analysis and findings contained in this report are therefore not
appropriate for use in any other circumstance.

The report contains a series of projections and forecasts that have been
prepared on the basis of the best available information. Due to the dynamic
nature of many of these issues and the number of variables involved, Core
Economics can give no guarantee that these projections and forecasts will be
realised.

Assessment Context

It is planned to refurbish the Peregian Caravan Park to include a portion of
retail/commercial space which will front David Low Way, adjacent the
southern boundary of the Peregian Hotel. This document assesses the site,
surrounding uses and the retail network to define an estimated area of
economic influence (area of influence) and thus determine required
floorspace levels for the relative market and determine the best use for the
subject site.

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06/0043 Opportunity Analysis - Peregian Beach Caravan Park Economics

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Figure 1.1
Regional Context

Section 1

Page 3

Regional Context and Infrastructure

14

Regional Context

The site is located in Peregian, a

 

 

 

 

 

 

“Yt ilometres—

  
  

   

: Se Peregian
eeach

southern coastal suburb of Noosa
Shire and is marked by the yellow star.

Noosaville is located roughly 10 km
(8-10 minutes). north of the subject
site and forms part of the broader
Noosa regional centre. This area
offers a high volume of retail and
commercial facilities. This retail
centre is generally highlighted on the
map with a green dotted ellipse.

~~Sunrise Beach is a coastal residential
community which is __ relatively
convenient to facilities at Noosa.
Residents of areas north of the site
returning from workplaces at Coolum
and Maroochydore are a_ potential
source of inflow to the site which is
located on the homeward bound side of

Lake Weyba - waterway to the west of
Castaways Beach and Marcus Beach.
The lake acts as a physical boundary
to trade area toward the north west.

Peregian Shopping Village is the
central business district of Peregian
Beach. It has around 3,800 Sq M of
floorspace, of which around 2,700 Sq
M is retail floorspace. A Caltex Petrol
Station with limited convenience is
located to the south of the village on
the eastern frontage of David Low Way

David Low Way is a major north south
arterial serving the coastal corridor
which links Noosa in the north to
Coolum and Maroochydore to the
south.

 

 

Peregian
masterplanned
community is located 3.5
Km to the south of the
subject site. Peregian
Springs has around 480
dwellings with 100 under
construction and 80
approved for start. The
community will have
around 4,600 residents at
completion.

Springs

A planned supermarket
anchored neighbourhood
centre will be located at
the south east corner of
the Sunshine Motorway
and Peregian Springs
Drive (entry roundabout).
It is expected around
4,000 - 5,000 Sq M of
retail will be located on
the site.

A bulky goods centre is
planned for a site in the
west of Coolum (to the
north of the existing
Woolworths centre). The
Bunnings centre will trade
to a broad area and will
contribute to Coolum
capturing a_ significant
share of escape
expenditure from
Peregian Beach.

06/0043 Opportunity Analysis — Peregian Beach Caravan Park

Coolum is approximately 6 km (5-7
min) south of the subject site. It has a
telatively large retail concentration
including a Supa IGA anchored centre
in the north east and the more modern
Woolworths anchored centre in the
west. Both centres are relatively
convenient to residents of Peregian
Beach and especially convenient to
Peregian Springs residents.

\ Core
Economies

Page 6

The subject site
is the Peregian
Caravan Park
shown as semi-
attached housing
on the excerpt
from the Noosa
Shire Plan.

The subject site
(yellow star)
incorporates

three lots (semi-
attached zoned
housing) and a
large parcel of
Open Space to

the west,
adjacent to the
Noosa National
Park.

Home Hardware
is located across
the entry road to
the Caravan
Park. Itis a large
floorspace
retailer and forms
the southern
boundary of the
village's __retail
sector.

06/0043 Opportunity Analysis - Peregian Beach Caravan Park

Figure 1.2
Peregian Beach Overview

The site has exposure to
the western frontage of
David Low Way.
However, the land slopes
away from David Low
Way and the majority of
road frontage is below
road level. Access is
presently gained via the
road to the south of the
site across from Home
Hardware.

1.2

The Peregian Beach
Hotel is located north of
the caravan park across
from Heron Drive. The
hotel has a drive through
liquor barn located on the
north west behind the
hotel. The car park is
located to the south of
the hotel adjacent to the
site.

Page 4

Local Context and infrastructure

 

The road network around
the site consists of Heron
Drive (fronts the north
and eastern sections of
the Peregian Shopping
Village) and Grebe Street
(south of the village).
Grebe Street is a no
through road that leads to
car parking which divides
the centre on its western
side to David Low Way.

Vacant land to the north
of the existing retail is
zoned visitor mixed use.
This land is a threat to
the subject site as it is the
rational location for future
centre extension of
Peregian retail without
trying to draw patrons
across David Low Way.

The Surf Club is located
to the east of the
Peregian Shopping
Village. It offers an
alternative food and
beverage service.

Peregian Shopping
Village (highlighted in
blue) is located across
David Low Way from the
site. It has roughly 3,800
Sq M of floorspace. With
approximately 10% food
and beverage, 30 %
chore/impulse, 15%
clothing, 15% retail
services and 30%
commercial offices.
Refer Table 2.1 for a list
of tenants.

Existing retail in Peregian Beach is centred around the Peregian Shopping
Village which has around 3,800 Sq M of retail and commercial floorspace.

The Surf Club is located across Heron Drive to the east of the centre and
provides bistro meals. The Peregian Hotel and Home Hardware are located
across David Low Way on either side of the subject site. Other retail outside
this concentration includes a Caltex service station / convenience store and a
large floorspace retailer- landscape supply and animal skin store on the
eastern frontage of David Low Way to the south of the site.

A four square store (480 Sq M) on the north east corner of the Peregian
Shopping Village serves a convenience retailing function to locals, overnight
visitors and day trippers. This store does not have a meat section and has a
limited fruit and vegetable selection. Grocery shopping in the area is
predominantly performed in Coolum which is accessed by the Sunshine
Motorway or David Low Way.

\ Bore

Economics

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Table 2.1

Page 5

Retail Infrastructure - Peregian Shopping Village

 

 

 

 

 

Lettable Lettable
Area (Sq M) Area (Sq M)
Chore Retail Clothing
Food Square 7 Day Smkt 477 | Ladies Casual Clothing 51
Bakery 87 | 2nd Hand and New Clothes 27
News 74 | Art Fashion Jewellery 44
Liquor 109 | Curtain Works 69
Chemist 109 | Hightide Mark - Resortwear 145
Fruit and Veg 65 | Evolve (Mum, baby, home) 47
Butcher 82 | Impact Surf 58
BWS 101 | Ottiley & Lewis (fashion) 77
Video 37 | Endo's Smart Shopping (+2nd hand) 56
Florist 35 | Subtotal: Clothing 574
Aus Post 80
Subtotal: Convenience Retail 1,141
Retail Services Commercial and Other
Hair 37 | Gym (2 tenancies) 232
Travel Time (agent) 69 | Medical Centre 51
Real Estate 109 | Peregian Charterd Accountants. 88
Hair 72 | Vet 50
Hair 72 | Dentist 50
LJ Hooker 101 | CE Australia 57
Ray White 58 | Perergian Psychology 63
Skin Fit 35 | Massage 63
Subtotal: Retail Services 553 | Lawyers 137
Therapy Clearmake (Env Wastewater) 70
Food and Beverage Unique Meetings and Incentives 70
Takeway Shop 37 | Three Plus 70
QOM Restaurant / Café 51 | Business Management 70
Malaga's Café 47 | Infoworx E Business 70
Seafood Restaurant / Takeaway 101 | Subtotal: Commercial / Other 1,141
Baked Poetry Café 63
Ming Garden Chinese 87
Subtotal: Food & Beverages 385 | Peregian Shopping Village Total 3,794
Source: Estimates by Core Economics estimates (excludes Surf Club and Hotel) - Indicative only.
Table 2.2
Percentage of Lettable Area -
Peregian Shopping Village
Lettable
Area (%)
Chore Retail 30.1%
Retail Services 14.6%
Food and Beverage 10.2%
Clothing 15.1%
Commercial and Other 30.1%
\Core
06/0043 Opportunity Analysis - Peregian Beach Caravan Park Economics

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41.3 Implications
Site assessment implications:

co The subject site has the potential to cater to multiple sources of
demand, such as the local residents, residents of Peregian Springs
and passing traffic along David Low Way. The planned centre, just
3.5 Km to the south of the site (Peregian Springs) is a major threat to
developing a supermarket on the site.

co The site is within a reasonable walking distance of the surrounding
retail and lies within the current boundaries of the existing
commercial development (between Hotel and Home Hardware).

o The Peregian Shopping Village facilities do not lend themselves to
centre extension across David Low Way due to the location of car
parking between the shops and David Low Way. The site is directly
opposite the quiet end (south east corner) of the shopping village
which also proves an obstacle to drawing a significant flow of
patrons from across the road.

0 Traditional holiday area with growing residential community.
Implications of Infrastructure:

o The Peregian Springs community to the south has a planned
neighbourhood shopping centre with construction expected to start in
November 2006. Therefore existing facilities are currently enjoying
patronage from Paradise Springs residents for requirements that will
be served by the planned centre.

o Planned supermarket at Peregian Springs eliminates
opportunity for supermarket facilities at the site.

o Peregian Shopping Village's market penetration in
convenience goods, and food and beverage services is
expected to fall once the Peregian Springs centre is
operating.

o Planned bulky goods including Bunnings to the west of
Coolum will restrict the opportunity for bulky goods at the
site and is expected to reduce the home hardware store's
current market penetration (located directly south of the
site).

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Section2 Area of Economic Influence

2.1 Local and Surrounding Al’s

The local and surrounding areas of influence are shown in Figure 2.1. They

represent the potential areas of trade for facilities at the subject site.

Figure 2.1
Area of Economic Influence

 

 
 
 
    

 
 

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LA

Salpee
BRU

 

 
   
   

 

     

 

Lo.
ae
pif
\ onlin
1

    

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£\

Rural residential to the west of the site is
directly linked by dirt road only. Some
of these residents will choose to shop at
Peregian Springs for convenience retail
needs..

The Surrounding Al (Yellow and orange shaded
areas combined) represents the potential trade
area for large floorspace retail and food and
beverage retail.

06/0043 Opportunity Analysis - Peregian Beach Caravan Park

Area of Influence is

restricted by retail
facilities in Noosaville
to the north and

Coolum Beach to the
south.

The Local Al (Orange
shaded area) is
bounded to the north
by Castaway Creek
(south of Castaways
Beach). It includes
areas surrounding the
site and those on the
eastern side of David
Low Way, to the south.

The Local Al
represents the market
for impulse trade and
supermarket shopping.
It is restricted to the
south by the planned
supermarket anchored
centre at the master

planned Peregian
Springs residential
community.

Construction of the
centre is expected to
start around November
2006.

Peregian Beach will
form part of the
planned centre's trade
area.

\ Gore
Economics

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22 Implications

The Al represents the main area which would reasonably be serviced by retail
facilities on the site. It incorporates Peregian Beach and Marcus Beach. The
area has been defined in this broad sense (area of economic influence vs
trade area) due to the unknown size and tenant mix of facilities to be
developed on the site.

The characteristics of the residential and tourist populations will have some
influence on the type, quality and depth of the services required to serve the
patrons of retail facilities in the Peregian area. The sites location on David
Low Way gives it good exposure and enhances the ability of facilities on the
site to target a number of markets such as residents, visitors / tourists and
passing trade.

It is assumed that the majority of tumover in convenience retail facilities on
the site will be drawn from the Local Al. Food and Beverage facilities,
destination retail and large floorspace retailers will draw trade from the
Surrounding Al.

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06/0043 Opportunity Analysis - Peregian Beach Caravan Park Economics

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Section3 Demographic Characteristics

3.1 Introduction

This section provides an analysis of the key demographic and expenditure

features for the Area of Economic Influence (AEl). A comparison with the

Noosa Shire has been provided for any characteristics which vary
significantly.

3.2 Population Projections

The current and projected number of households and population for the

economic area of influence are shown in Table 3.1.

Table 3.1
Population and Household Projections

 

 

 

 

2001 2006 2011 2016
Population
Local Al 4,038 4,460 4,940 5,250
Surrounding Al* 4,858 6,360 8,780 10,950
Noosa Shire 44,530 50,537 54,640 57,230
Household Size
Local Al 2.30 2.26 2.25 2.24
Surrounding Al* 2.36 2.33 2.32 2.30
Noosa Shire 2.35 2.32 2.31 2.29
Households
Local Al 1,681 1,972 2,194 2,348
Surrounding Al* 1,978 2,732 3,789 4,757
Noosa Shire 18,913 21,791 23,665 24,952

 

Source: Population Local and Surrounding areas of influence 2001 ABS Census, 2006-2011
Household Size and Households 2001 ABS Census

Household Size and Households 2005-2016 Core Economics

* Includes Local Al

In 2006 there are around 1,970 households (4,460 residents) in the Local Al
which is forecast to increase to around 2,350 households (5,250 residents) by
2016 — an increase of 376 households and 790 residents for the ten-year
period (80 residents per year).

The surrounding area will experience growth of around 4,590 residents —
major growth is attributed to the development of the Peregian Springs
masterplanned community which will have a neighbourhood centre under
construction by November 2006.

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3.3 Demographic Characteristics

Average annual household incomes and any significant demographic
characteristics for the defined areas of influence are described below:

Household Income

o LocalAl $47,080 ($905 per week)
o Surrounding Al $46,622 ($897 per week)
o Noosa Shire $44,910 ($864 per week)
o Queensland $52,732 ($1,014 per week)

Source: ABS 2001 Census

Demographic Characteristics

Significant demographic characteristics and differences from the state and
shire averages are as follows:

o 15% of Local Al dwellings and 21% of Surrounding Al dwellings
are unoccupied (Noosa 15% and Queensland 9%)

o The defined areas of influence and the shire have lower
percentages of 15-24 year olds and a higher percentage of
residents aged 45+ compared to the Queensland average.

o The defined areas of influence and the shire have lower
proportions of traditional families and have higher proportions of
couples without children - due in part to the high percentage of
retirement aged residents.

Source: ABS 2001 Census

With the increased growth in Peregian Springs (began construction in 2001
- year of the latest ABS census) demographic characteristics of the
/surrounding area will have changed — incomes are expected to be slightly
higher and the number of families with children is likely to increase slightly

3.4 Expenditure Potential

Table 3.2 provides an estimate of average household retail expenditure by
for the Local Al, Surrounding Al, Noosa LGA and Queensland. The
expenditure table is based on the 2003-04 ABS Household Expenditure
Survey. It results in defining the available pool of retail expenditure from the
defined areas. Forecast retail expenditure ($million) is shown in Table 3.2.

Estimated available retail expenditure potential in each market is as follows:

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Local Al
o $33.25 Million in 2006
o $46.44 Million by 2016
o $13.29 Million - ten year growth

Surrounding Al
o $39.13 Million in 2006
o $94.1 Million by 2016
o $55.97 Million - ten year growth

Table 3.2
Retail Expenditure Potential

 

Surrounding

 

 

 

 

Avg annual Household Expenditure Local Al Al Noosa Shire Queensland
Total $19,782 $19,782 $19,348 $20,098
Forecast Retail Expenditure Potential 2001 2006 2011 2016
Local Al

Households (No.) 1,681 1,972 2,194 2,348
Total Retail Expenditure Potential (SM) $33.25 $39.02 $43.41 $46.44
Surrounding Al

Households (No.) 1,978 2,732 3,789 4,757
Total Retail Expenditure Potential ($M) $39.13 $54.05 $74.95 $94.10
All Figures March 2005

 

* Supermarkets is a subset of convneience.

3.5 Implications
Implications of the market's demographic characteristics are as follows:

o The number of unoccupied dwellings in the area and the
proliferation of various tourist accommodation types (predominantly
units - families and long-stay) imply a high level of tourist
expenditure contributing to turnover of local retailers. Tourist
expenditure is assumed to contribute around 20% to turnover of
the Peregian Shopping Village.

o The total retail market for the Local Al is $33.25 Million in 2006 and
is expected to reach $46.44 Million by 2016.

o Approximately 38% of total retail expenditure is represented by
supermarket expenditure. Therefore the market for supermarket
goods is approximately $15 Million in 2006 and $36 million in 2016.

o Approximately 50% of total retail expenditure is represented by
convenience retail expenditure. Therefore the market for
convenience retail is approximately $17 Million in 2006 and $23
Million in 2016.

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Section4 Market Synopsis

41 Potential Area of Trade

The site will primarily trade to the local Al as the planned centre in Peregian
Springs will be more convenient to residents in the remainder of the
Surrounding Al (south and south west of the site). The local Al has a total
retail market of around $33.25 Million in 2006. The majority of expenditure
will be captured in the surrounding centres, however, a proportion of
expenditure will continue to escape the defined areas of influence to be
captured in major centres offering goods and services not provided in local
centres (particularly comparison goods).

4.2 Other Sources of Expenditure

An assumed 20% of turnover is expected to originate from outside the
defined Local Al due to the following factors:
o High percentage of unoccupied dwellings in the area
o Diversity of tourist accommodation
o. The relatively large proportion of food and beverage, and clothing
retailers for a local centre or a neighbourhood centre.
o Exposure to passing traffic.

43 Market and Current Performance

The total retail market of the Local Al is $33.25 Million of which around $17
Million (50%) is attributable to convenience retail expenditure.

On average a local centre such as Peregian Shopping Village will achieve
an 8%-12% share of the convenience retail market. Therefore the local
centre would be achieving around $1.36 - $2.04 Million in turnover from the
trade area (80%). Equivalent total turnover employing the 8% -12% range
is around $1.77 - $2.55 Million or $1,490 - $2,235 per Sq M. This is low
given around $3,500 per square metre would be expected for convenience
retail in such a centre — it is therefore achieving a higher market penetration
than the average 8%-12%.

Generally the average required turnover of convenience retail is $3,500 per
Sq M. The 1,140 Sq M of convenience retail at Peregian Shopping Village
should therefore have a turnover of around $4 Million of which around $3.2
Million (19% of total $17 million market) will originate from the trade area.
Therefore the Peregian Shopping Village's convenience retailers are
currently achieving a 19% share which is well above the general 8-12%
share normally captured by local centres (this share may be higher if
turnover levels are above $3,500 per Sq M). This can be attributed, in part ,
to the centre’s penetration of growing areas currently under serviced by
retail facilities and which will be catered to by the planned Peregian Springs
retail centre (construction begins in November 2006).

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44 Implications
Supermarkets

The introduction of a full line supermarket at Peregian Springs (construction
starting November 2006) will cater to the current under provision of
supermarket facilities for residents surrounding the subject site. This centre
will trade to residents further west of the areas of influence defined for
Peregian Beach retail facilities.

The short term opportunity for a supermarket on the site is negligible as a
proportion of expenditure will also escape the trade area to locations such
as Coolum, Noosa and Maroochydore. The proposal at Peregian Springs
will provide the shortfall in supply of supermarket floorspace which is
currently being absorbed by Coolum and Noosa. It will also be central to
the surrounding area’s growth.

Growth in the Surrounding Al over the ten year period suggests the
available market for supermarket expenditure (around 38% of total retail
expenditure) will increase from around $15 Million in 2006 to $36 Million in
2016. Opportunity to capture a significant portion of this increase is limited
due to the location of the Surrounding Al's forecast population growth being
more convenient to alternative supermarkets in Peregian Springs and
Coolum. The IGA centre in Coolum may further restrict the market if the
supermarket floorspace is increased.

The lack of opportunity for a supermarket in Peregian may provide future
long-term convenience retail opportunities in Peregian.

Convenience Retail / Retail Services

The Peregian Shopping Village is estimated to be achieving around 19%
market share of available convenience retail expenditure. This is well above
the 8%-12% a local centre would generally achieve due mainly to the large
population of Peregian Springs and its surrounding areas which are
currently underprovided for with retail facilities. This shortfall will be partly
remedied by the planned retail centre at the entrance to Peregian Springs
which will begin construction in November 2006. The share captured by the
Peregian Shopping Village is expected to decrease once the new centre
begins trading. Although growth is expected in the Surrounding Al it will be
central to new facilities at Peregian Springs which are well located to serve
a broader market than the Peregian Beach location.

It is unlikely the current market share achieved by the Peregian Shopping
Village can increase significantly to warrant a large addition of floorpsace to
the current mix. It is expected that market share will initially decrease
although, over time, turnover captured will increase given the forecast
market growth.

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Section5 Summary and Recommendations

51 Summary
The following factors contribute to the best use recommendations listed
below:
Site

o Has good access, exposure and is within the physical boundaries
of existing retailers

o Currently zoned as residential. Development outside a designated
centre will not be supported unless the sufficient level of economic
need can be shown to Noosa Shire.

o Land to the north of the Peregian Shopping Village is most rational
direction for centre’s expansion. The subject site is separated from
existing retail by David Low Way and the car park of the Peregian
Shopping Village.

co The site is across David Low Way from the quietest portion of the
existing centre (solicitor, florist, beauty/health).

The site requires a mix of uses which will operate primarily on the centre's
own patronage as physical barriers such as David Low Way and the car
park create weak linkages to the existing centre.

Retail Infrastructure

The most significant change in retail infrastructure will be the introduction of
a supermarket anchored centre at the entrance to Peregian Springs. This
centre will recapture a large proportion of supermarket and convenience
retail currently being captured by Peregian Beach, Coolum and, to a lesser
extent, Noosaville.

A proposed bulky goods centre, which includes a Bunnings, will restrict the
opportunity for bulky goods retailing on the site and will have some impact
on the Home Hardware store’s market penetration. Bulky goods retailing is
generally not suited to the area as it is not as convenient to the broader
markets to which larger concentrations of facilities at Noosa and Coolum
trade.

Market Synopsis and Performance

Supermarkets at Coolum and Noosaville capture expenditure escaping from
the defined areas of influence for the subject site. The supermarket at
Peregian Springs (construction begins November 2006) will recapture a
major proportion of this expenditure. Future growth is expected to occur
central to the new centre.

Convenience retail at the Peregian /shopping Village is currently estimated
to be achieving a 19% share of convenience retail spending - well above the

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8%-12% generally achieved by a local centre. This is due to the lack of
facilities in the Peregian Springs area which will soon be addressed by the
planned centre. This will provide for the majority of chore shopping by
Peregian Springs residents. It is likely that the share captured by the
Peregian Shopping Village will decrease after the planned Peregian Springs
centre opens due to lower market penetration in this growing residential
community.

5.2 Recommendations

The economic need of supermarket, large floorspace/ bulky goods or
convenience retail floorspace of 2,000 Sq M could not currently be justified
given the market size and changes to the retail network (planned Peregian
Springs centre and Coolum bulky goods) and the distance of the site from
the forecast growth.

Retail proposed for the site can not be justified on the basis of need.
Commercial floorspace on site is a potential option. This is not to say that
given the appropriate zoning that retail would not work on the site. Retail
uses have the potential to be viable on the site, however, the existing centre
across David Low Way currently has a heavy commercial focus and this is
expected to decrease over time to be replaced by retail uses.

From a land use perspective the best use for the site is convenience retail
including a convenience store / small supermarket and supporting
specialties. However, the proposed 2,000 Sq M of retail uses would be
extremely difficult to substantiate. Therefore it is recommended that
development on the site target the highest and best use that does not
require a needs assessment.

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06/0043 Opportunity Analysis - Peregian Beach Caravan Park Economics

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Page 16

 

 

Appendix
Demographic Profile Local Al Surrounding Al Noosa Shire Queensland
Age
004 232 5.9% 295 6.2% 2,622 5.8% 242,551 6.8%
Sto 14 503 12.7% 665 14.0% 6,083 13.4% 519,991 14.5%
15 to 19 195 4.9% 245 5.1% 2,488 5.5% 257,542 7.2%
20 to 24 156 3.9% 177 3.7% 1,769 3.9% 237,693 6.6%
25 to 29 188 4.8% 243 5.1% 2,256 5.0% 249,680 7.0%
30 to 34 236 6.0% 281 5.9% 2717 6.0% 260,782 7.3%
35 to 39 305 11% 375 7.9% 3,220 71% 266,472 74%
40 to 44 331 8.4% 402 8.4% 3,692 8.1% 269,088 7.5%
45 to 49 335 8.5% 405 8.5% 3,442 76% 249,292 7.0%
50 to 54 288 7.3% 340 71% 3,426 7.5% 240,946 6.7%
55 to 59 237 6.0% 291 6.1% 3,006 6.6% 192,395 5.4%
60 to 64 236 6.0% 272 5.7% 2777 6.1% 156,102 44%
65 to 69 227 5.7% 254 5.3% 2,432 5.4% 128,255 3.6%
70 to 74 228 5.8% 243 5.1% 2,185 48% 117,297 3.3%
751079 162 3.8% 167 3.5% 4,712 3.8% 93,338 2.6%
80 years and over 108 27% 11 2.3% 1,623 3.6% 104,215 2.9%
Total Residents 3,957 4,766 45,450 3,585,639
Overseas visitors 81 92 1,870 69,500
Total 4,038 100.0% 4,858 100.0% 47,320 100.0% 3,655,139 100.0%
Marital Status - Persons
Married 1,875 57.6% 2,247 57.5% 21,399 55.7% 1,472,893 51.1%
Separated 87 27% 117 3.0% 1,459 3.8% 107,077 3.7%
Divorced 315 9.7% 383 9.8% 3,543 9.2% 227,234 7.9%
Widowed 191 5.9% 206 5.3% 2,481 6.5% 167,104 5.8%
Never Married 787 24.2% 957 24.5% 9,522 24.8% 909,873 31.5%
Total 3,255 100.0% 3,910 100.0% 38,404 100.0% 2,884,181 100.0%
Language Spoken at Home
English Only 3,507 88.7% 4,300 89.9% 41,264 87.2% 3,173,390 86.8%
Other and Not Stated 448 11.3% 485 10.1% 6,056 12.8% 481,749 13.2%
Total 3,955 100.0% 4,785 100.0% 47,320 100.0% 3,655,139 100.0%
Relationship in Household
Husband or wife in registered marriage 1,483 38.5% 1,817 39.0% 16,127 36.2% 1,289,263 37.4%
Parner in de facto marriage 237 6.2% 300 6.4% 2,702 6.1% 209,524 6.1%
Lone parent 151 3.9% 192 4.1% 1,881 4.2% 149,858 4.3%
Child under 15, 633 16.5% 840 18.0% 7,974 17.9% 721,505 20.9%
Dependent student (15-24) 111 2.9% 143. 3.1% 1,376 3.1% 148,615 4.3%
Non-dependent child 117 3.0% 148 3.2% 1,594 3.6% 181,456 5.3%
Other related individual 45 1.2% 54 1.1% 521 1.2% 70,707 21%
Unrelated individ living in family h/hold 5 0.6% 34 0.7% 326 0.7% 34,422 1.0%
Group household member 146 3.8% 4173 3.7% 1,520 3.4% 129,834 3.8%
Lone person 369 9.6% 409 8.8% 3,748 8.4% 295,523 8.6%
Visitor (from within Australia) 447 11.6% 462 9.9% 5411 12.1% 172,455 5.0%
Overseas visitors 83 2.2% 89 1.9% 1,407 3.2% 43,041 1.2%
Total 3,847 100.0% 4,655 100.0% 44,587 100.0% 3,446,203 100.0%
Household Structure
Couple family: Total 372 36.3% 466 36.7% 4,306 37.1% 417,806 44.7%
Couple family w/o children 510 49.8% 614 48.4% 5,336 46.0% 349,697 37.4%
One parent family: Total 130 12.7% 117 13.9% 1,879 16.2% 149,858 16.0%
Other family 12 1.2% 12 0.9% 89 0.8% 16,567 1.8%
Total 1,024 100.0% 1,269 100.0% 11,610 100.0% 933,928 100.0%

 

\ Core

06/0043 Opportunity Analysis - Peregian Beach Caravan Park Economics

Page 19

Page 17

 

 

Demographic Profile Local Al Surrounding Al Noosa Shire Queensland
Dwelling Type

Separate house 1,213 56.4% 1,489 59.3% 13,353, 59.7% 1,045,137 70.5%
Semi-detached and townhouse 124 5.8% 134 5.3% 1,521 6.8% 91,979 6.2%
Flat, unit, apartment 278 12.9% 286 11.4% 2,974 13.3% 164,424 11.1%
Other dwelling ci 1.4% 34 14% 533 2.4% 41,828 2.8%
Not stated 35 1.6% 35 1.4% 571 2.6% 12,245 0.8%
Unoccupied private dwellings 469 21.8% 532 21.2% 3,426 15.3% 127,299 8.6%
Total 2,150 100.0% 2,510 100.0% 22,378 100.0% 1,482,912 100.0%
Persons per Household

Separate house 2.49 255 2.59 2.79
Semi-detached and townhouse 1.92 1.92 1.91 1,95

Flat, unit, apartment 1.72 1.72 1.76 1.66

Other dwelling: Total 1.42 1.441 1.74 1.78

Not stated NA NIA 1.80 2.15

Total 2.30 2.36 2.35 2.56

Dwelling Ownership

Fully owned 669 39.6% 769 38.7% 7,391 39.0% 496,805 36.6%
Being purchased directly 356 21.1% 447 22.5% 3,922 20.7% 349,333 25.8%
Rented 528 31.2% 613 30.9% 5,567 29.4% 408,117 30.1%
Not Stated 48 2.8% 60 3.0% 882 47% 40,959 3.0%
Other Tenure 90 5.3% 98 4.9% 1,194 6.3% 60,399 4.5%
Total 1,691 100.0% 1,987 100.0% 18,956 100.0% 1,355,613 100.0%
Monthly Housing Loan Repayments

Averge Repayment - June 2001 $ $976 $973 $930 $934

Averge Repayment - Current $ $1,118 $1,115 $1,065 $1,070

Weekly Rent

Average Rent - June 2001 $ $194 $188 $220 $161

Average Rent - Current $ $223 $215 $252 $184

Employment

Employed - Full-time 805 47.0% 991 47.5% 9,425 48.3% 1,002,596 58.6%
Employed - Part-time 672 39.2% 807 38.6% 7,406 37.9% 518,158 30.3%
Employed - Not stated 33 1.9% 44 2.0% 520 2.7% 48,110 2.8%
Employed - Total 1,510 88.1% 1,839 88.1% 17,351 88.9% 1,568,864 91.8%
Unemployed 204 11.9% 249 11.9% 2,176 11.1% 140,748 8.2%
Total labour force 1,714 2,088 19,527 1,709,612

Not in the labour force 1,344 1,560 15,407 1,000,121
Occupation

Upper White 401 26.1% 453 24.9% 4,207 24.2% 384,568 24.5%
Lower White 316 20.5% 370 20.3% 3,558 20.5% 242,587 15.5%
Upper Blue 219 14.2% 271 14.9% 2,188 12.6% 200,665 12.8%
Lower Blue 590 38.4% 712 39.1% 7,046 40.6% 710,448 45.3%
Other 12 0.8% 15 0.8% 356 2.1% 30,596 2.0%
Total 1,537 100.0% 1,821 100.0% 17,355 100.0% 1,568,864 100.0%
Average Number of Cars 1.44 149 1.42 1.50

Household Income

Average Weekly - June 2001 $ $790 $783 $754 $885

Average Weekly - Current $ $905 $897 $864 $1,014

Household Income - June 2001 $ $41,099 $40,699 $39,205 $46,033

Household Income - Current $ $47,080 $46,622 $44,910 $52,732

 

‘Source: ABS, Core Economics
Current Dollars - March 2005

\ Gore

06/0043 Opportunity Analysis - Peregian Beach Caravan Park Economics

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