MCU10/2083 Development Application part 2 - Attachment 4 - Economic Impact and Need Assessment

3.2.1      Forecast population growth and household formation trends

           The population projections are based on information gathered by Foresight
           Partners on the available supply of land for residential development, as well as
           medium series population forecasts by PIFU.
           The trade area’s population is forecast to increase from an estimated 4,700
           people at June 2010 to:
                 •    4,800 people by June 2013 (assumed first full year of trading);
                 •    4,870 people by June 2015; and
                 •    4,940 people by June 2017.
           Forecast growth within the trade area is likely to be modest, reflecting the
           area’s maturity. Over the seven year forecast period, the trade area will gain
           about 240 new residents and around 150 additional households.
           The majority of growth is projected to occur within the secondary trade area –
           containing a large parcel on Eenie Creek Road destined for residential
           development. In the primary trade area, projected growth will occur as part of
           the proposed extension of Headlands Estate and infill development occurring
           mainly around the canal.




Noosaville Convenience Centre EIA
10034 Rev 1
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