2015-09-15 Planning & Organisation Committee Agenda

PLANNING & ORGANISATION COMMITTEE MEETING AGENDA                             15 SEPTEMBER 2015


This level of retention in other spending categories, however, is not logical for the following
reasons:
    Of the increase in residents spending to Noosa Civic of $117 million, approximately 50% is
      in food spending mainly relating to supermarkets (Coles and Aldi). Coles and Aldi
      supermarkets together with other fresh food specialty stores will result in limited if any
      retained expenditure, but more likely a redistribution of sales from supermarkets within the
      trade area.
    This leaves some $60 million in non‐food spending which would mean that the majority if not
      all of non‐food spending assumed in the Urbis report would be retained expenditure. This is
      not logical, possible or likely.
Other non‐ food retail categories include leisure, retail services and general comprising mobile
phones, pharmacy, newsagency, hairdressers, etc. There is the possibility for retained spending
in these categories, [but it] is nowhere near 100%. The key consequence of this analysis is that
there are likely to be higher impacts on centres within the trade area than outlined within the Urbis
report, and less retention of escape expenditure. The likely implications of these impacts are even
more relevant when other competitive developments are assumed.


Urbis summary of predicted trade impacts on existing retail centres is summarised in Table 8.5 of
its report shown below. The report notes the highest impacts are 8.3% at Noosaville and 9.3% at
Tewantin, with Noosaville to experience the highest impact in volume terms. It finds the impacts
are modest and easily absorbed given future spending growth to be experienced at all centres.




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