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

           Trade area and year                                    Take home               Meals out                      Homewares/
           ending June                                                  food              take away           Apparel       services               Total
                                                                        ($m)                   ($m)             ($m)           ($m)                ($m)
           2015
           Primary                                                    19.32                    6.39              4.63          19.00               49.34
           Secondary                                                   5.81                    1.92              1.39           5.72               14.84
           Total                                                      25.13                    8.31              6.02          24.72               64.18
           2017
           Primary                                                    19.68                    6.51              4.72          19.35               50.26
           Secondary                                                   6.17                    2.04              1.48           6.07               15.76
           Total                                                      25.85                    8.55              6.20          25.42               66.02


           Increase 2010-2013                                          1.02                    0.34              0.25           1.02                2.63
           Increase 2013–2017                                          1.55                    0.51              0.38           1.52                3.96
           Total                                                       2.57                    0.85              0.63           2.54                6.59
         Source: Tables 3.1 and 3.3; Foresight Partners calculations.


                                          Figure 3.3: Growth in available resident retail spend, Noosaville convenience retail centre
                                                                           (constant 2009 $ values)

                                40.00
                                                       Food           Non-food
                                35.00


                                30.00
            Spending ($ mill)




                                25.00


                                20.00
                                                                                                                                34.40
                                                                                                      33.44
                                                                        32.34




                                                                                                                                           31.62
                                               30.98




                                                                                                                 30.74
                                                                                      29.72
                                                          28.45




                                15.00


                                10.00


                                 5.00


                                 0.00
                                                       2010                     2013                          2015                      2017
                                                                                       Year ending June




           Trade area households at June 2010 generated approximately $59.4 million in
           retail sales potential. This expenditure potential is forecast to increase to:
                                 •      $62.1 million by June 2013 (first full year of trading);
                                 •      $64.2 million by June 2015; and
                                 •      $66.0 million by June 2017.




Noosaville Convenience Centre EIA
10034 Rev 1
19 October 2010                                                                  21