Planning Report IDAS Forms Cover letter, Owner's consent, Appendices 2- PLM minutes & 3 - Economic Needs - Email 1 of 4 MCU16/0153 & REC16/0041

MATERIAL CHANGE OF USE TO ESTABLISH MULTIPLE HOUSING & VISITOR ACCOMMODATION
215 DAVID LOW WAY, PEREGIAN BEACH                                                                             21




       Figure 12 Camden House Elevations (Source: Sprout Architects)




       Figure 13 Attached Units Elevations (Source: Sprout Architects)


2.7    Economic Need
54.    An Economic Needs Analysis has been prepared in support of the development application. A review of
       the Economic Needs Analysis prepared by Urban Economics (Appendix 3), has indicated that there is a
       ‘limited supply’ of short‐term accommodation establishments, as well as residential offerings available in
       the Peregian Beach area, and there is a need for an additional 220 short‐term accommodation rooms,
       within the Noosa Shire between 2016 and 2025.

55.    It is Urban Economics’s opinion that the proposed development would not have a significant impact on
       the existing network of commercial accommodation within Peregian, but rather would add value to the
       mix of short term accommodation solutions in contributing to the role of Noosa as a premier tourist
       destination on the Sunshine Coast and in maintaining the boutique and village nature of Peregian Beach
       as a specialist destination within Noosa Council.

56.    Further, it is noted that there is a significant gap in the residential market within Peregian Beach, which
       has resulted in a high median house price of $695,000. It is noted that this is 50% higher than the median
       house price for the Local Government Area (LGA) of the Sunshine Coast, 37% greater than the Gold Coast

THOMCO (NO 2087) PTY LTD
DECEMBER 2016