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

           Average household retail expenditures for each component of the trade area
           were compiled by these broad retail categories. It is virtually impossible to
           define mutually exclusive household expenditures by major store type because
           of the broad and overlapping range of goods and services offered by retailers.
           Consequently, estimates of household spending cannot be taken as exclusively
           available for the support of any one particular retail activity.
           Table 3.3 details the average annual household retail expenditure estimated for
           the Noosaville convenience retail centre trade area. Average household
           expenditure levels for the Sunshine Coast Statistical Division and Queensland
           are shown for comparison.

           Table 3.3:      Average household retail expenditure by retail commodity group,
                           Noosaville convenience retail centre trade area (2009 $ values)
                                      Take home        Meals out                   Homewares/
           Area                             food       take away       Apparel        services              Total
                                              ($)             ($)          ($)             ($)                ($)
           Primary                        10,890            3,600          2,610          10,710           27,810
           Secondary                      11,570            3,830          2,770          11,380           29,550
           Total                          11,010            3,640          2,640          10,830           28,120


           Sunshine Coast SD              10,240            3,390          2,450          10,070           26,150
           Queensland                     11,040            3,650          2,640          10,860           28,190

            Source: ABS 2003-04 Household Expenditure Survey; National and State Accounts; Foresight Partners
            calculations.


3.4.2      Total household retail expenditure

           Multiplying the average household expenditure by the number of households
           yields an estimate of the total retail expenditure potential for the trade area in
           June 2010.
           Table 3.4 sets out the trade area’s retail expenditure potential by commodity
           group over the forecast years between 2010 and 2017. Figure 3.3 shows this
           increase by food and non-food groups over this period.

           Table 3.4: Retail expenditure potential generated by Noosaville convenience
                      retail centre trade area households, 2010–2017 (2009 $ values)
           Trade area and year             Take home        Meals out                     Homewares/
           ending June                           food       take away         Apparel        services           Total
                                                 ($m)            ($m)           ($m)            ($m)            ($m)
           2010
           Primary                              18.30               6.05           4.38            17.99      46.72
           Secondary                                4.98            1.65           1.19             4.89      12.71
           Total                                23.28               7.70           5.57            22.88      59.43
           2013
           Primary                              18.90               6.25           4.53            18.59      48.27
           Secondary                                5.40            1.79           1.29             5.31      13.79
           Total                                24.30               8.04           5.82            23.90      62.06


Noosaville Convenience Centre EIA
10034 Rev 1
19 October 2010                                        20