20517 App H.pdf [As Published] · 132007.1259

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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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06/0043 Opportunity Analysis - Peregian Beach Caravan Park Economics