Economic Correspondence

Response – Industrial Land Impacts

       As the Noosa Shire has yet to undertake an integrated land use study for employment and enterprise
        areas in the Shire since de-amalgamation, the take up of industrial land in Noosa has been based upon
        the QGSO’s South Industrial Land Monitoring Program for the former Sunshine Coast Region which
        identified 340 hectares of available industrial land, 219 hectares of potential future supply, and an average
        take up rate of just 3 hectares per annum between 2006 and 2011.

       Urban Economics has identified that 22ha or approximately 6.5% of the available industrial land of the
        Sunshine Coast at the time of the monitoring was within the Noosa Shire; and that since the monitoring
        (year ended 2011), there has been less than 1ha in total of industrial land consumed within Noosa, which
        has been predominantly within the ‘Noosa Metro’ development at Noosaville. We have investigated the
        takeup of land within Cooroy itself and with the exception of storage on the subject site itself, no land for
        industrial purposes in Cooroy was taken up post 2011. More particularly, the majority of the vacant
        industry land within Noosa Shire (some 14.7ha as estimated within the EIA) is within Cooroy.

       If this trend continued, there is estimated to be approximately 45years of available industrial land supply
        throughout the Noosa Shire of which the subject site represents less than 4% or 22months of supply. Even
        at a higher take-up rate of 3ha per annum, it is estimated that vacant industry land within the Noosa Shire
        would represent some 7years supply of industry land and therefore that the subject site would represent
        approximately 3 months’ supply of industry land.

“Issue – Proposed Myall Street Development
A proposed mixed use development at 125 Myall Street, Cooroy, includes a service station, convenience shop and
fast food. Council refused the application but it is currently under appeal (Creekgold Pty Ltd vs Noosa Shire Council).
If the development was to proceed, the need and demand for the subject development may be substantially
lessened.”

Response – Proposed Myall Street Development

The proposed Myall Street development it is accepted, would have some impact upon the need and demand for
the proposed Taylor Street development if approved however; it is contended that the proposed development
would cater for unmet needs for the fuel retailing and that:

       The subject site is further detached from the Cooroy township than the Myall Street proposal and would
        primarily support motorists of the Highway with minimal impact on the retail performance of the Cooroy
        township relative to that anticipated as a result of the Myall Street development.




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