Planning Economic Report MCU13/0087 (attachment to Email 4 of 5)

                                                                                    Section 3: Trade area spending




     Table 3.1 the shows the projected retail spending capacity of the Noosa Heads
     trade area population over the forecast period to 2026, taking into account
     population growth as detailed previously in section 2. Spending forecasts exclude
     retail inflation to show only real spending terms.



                                                            Table 3.1
                Noosa Heads Bow ls Club catchm ent - retail expenditure ($M), 2012-2026*

                                                     Forecast retail spend ($M)          Avg. ann. grow th
       Catchment                           2012           2016       2021         2026    ($M)       (%)

       Primary Trade Area                      190         204          215        226       3      1.2%
       Secondary Trade Area                    278         288          300        311       2      0.8%
       Total catchm ent                        469         492          515        537       5      1.0%

       *excluding inflatio n & including GST
       So urce: M arketInfo ; M acro P lan Dimasi




     As shown, the total retail spending market generated by the trade area population
     is currently estimated at over $478 million, including $194 million from
     throughout the primary sector. By 2016 these spending levels are projected to
     grow to approximately $502 million and $208 million respectively.


     Table 3.2 then presents a detailed break-up of the projected retail expenditure by
     retail category. Spending on take-home food, packaged liquor and groceries (FLG)
     is the largest category, accounting for around 45% of total retail expenditure. The
     remainder of total retail expenditure includes spending on the following
     categories:


     • Food catering – all expenditure at cafes and restaurants and take-away food
        stores. The combination of FLG expenditure and food catering expenditure is
        referred to as total food expenditure.


     • Apparel – all expenditure on clothing, footwear, fashion accessories and
        jewellery.


     • Household goods – including all expenditure on homewares such as crockery,
        cutlery, linen, as well as home appliances, electronic goods, etc.




                                                                                  Noosa Heads Bowls Club, QLD
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