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2021-01-18 GC - Item 3 - Attachment 3 - Cost Benefit Analysis for Coastal Erosion Options
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current beach use by
2765490 no visits Calculated Current annual tourist beach use
tourists
Change in tourist days / change in
slope_tourist_days 0.37 decimal Calculated
tourist beach use
int_tourist_days 4594945 days Calculated Annual tourist days without beach
Dwyer et. al. 2005 - The economic
Local benefit per dollar of
ave_net_profit 0.17 $ impacts and benefits of tourism in Low
expenditure
Australia
Pascoe et al. 2017 - What’s my
existence_value 1.8 $/ha/household Non-use value of beach Low
beach worth
Pascoe et al. 2017 - What’s my Year of estimate for non-use value
existence_value_year 2016 year High
beach worth of beach
Ambrey and Fleming 2014 - Public
park_value 1156121 $/ha/yr Value of public open space Low
greenspace and life satisfaction
Ambrey and Fleming 2014 - Public Year of estimate for value of public
park_value_year 2018 year High
greenspace and life satisfaction open space
World Bank 2019 and OECD 2019 - Annual growth in value of public
park_value_growth 0.01 decimal Low
National accounts data open space
Noosa Shire Council (unpublished) - Average size of properties being
prop_size 0.10 ha High
Data acquired
ABS 2019 - Residential property Annual future growth in property
prop_value_growth 0.02 decimal Low
price index values
Annual future growth in building
build_cost_growth 0.01 decimal Assumed Low
costs
priv_discount_rate 0.05 decimal Assumed Private discount rate Medium
AITHER | Final Report 28
Noosa Shire Council – Coastal Hazard Adaptation Plan
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