05. Town Planning Report · MCU10/2127

4. Scenario Analysis
4.4 Expenditure Analysis                                                        Owner/Occupier Retail Expenditure by Occupancy Rate     Table 4.5
                                                                                                                              Expenditure
Table 4.4 and Table 4.5 show the total level of retail expenditure likely                      0%                                   0
to be generated by owner occupiers and their delegates assuming                                5%                                165,890
various occupancy rates, and also the expenditure generated by                                10%                                325,611
visitors/tourists,
 i it /t i t also  l assuming
                           i various
                                  i     occupancy rates.
                                                       t                                      15%                                479 335
                                                                                                                                 479,335
                                                                                              20%                                627,231
In both case exclusive use is assumed.                                                        25%                                769,460
                                                                                              30%                                906,184
Blended expenditure levels are considered below in Table 4.6 which                            35%                               1,037,558
indicates the range of expenditures at various occupancy rates.                               40%                               1,163,732
                                                                                Occupancy
                                                                                              45%                               1,284,856
                                                                                  Rates
                                                                                              50%                               1,401,074
                                                                                              55%                               1,512,525
Visitor Expenditure by Occupancy Rate                            Table 4.4                    60%                               1,619,348
                                                   Expenditure                                65%                               1,721,675
                  0%                                    0                                     70%                               1,819,638
                  5%                                 191,873                                  75%                               1,913,362
                 10%                                 383,746                                  80%                               2 002 972
                                                                                                                                2,002,972
                 15%                                 575,619                                  85%                               2,088,588
                 20%                                 767,491                                  90%                               2,170,327
Occupancy
                 25%                                 959,364                    Source : Urbis
  Rates
                 30%                                1,151,237
                                                                             4.5 Adopted Scenario
                 35%                                1,343,110
                 40%                                1 534 983
                                                    1,534,983
                                                                             We note a report prepared by KPMG titled “Market Research Report –
                 45%                                1,726,856                Comparable Resorts, Final Research Paper” dated November 2010
                 50%                                1,918,729                which has also been submitted as part of the current Development
Source : Urbis                                                               Application. On page 8 of that report the following is noted:

                                                                             “findings of the research undertaken of comparable strata- titled resort
                                                                             properties to Viridian Resort consistently indicate that the current level
                                                                             of permanently occupied dwellings in both the Strata-tilted resort
                                                                             markets within Noosa and broader east coast markets is very low.1
                                                                             1report prepared by KPMG titled “Market Research Report – Comparable Resorts, Final Research Paper” dated

                                                                             November 2010, page 8




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