Planning_Economic Impact Assessment

                                                                          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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