Planning_Economic Impact Assessment

                                                                             Section 5: Retail liquor potential




                                                          Table 5.3
                                Noosa Heads specialty retail dem and potential ($M), 2013-2020*

                                                                     2013         2015        2017             2020

 Trade Area Specialty Retail Spend
     Primary Trade Area                                              80.6         86.7            93.0         101.8
     Secondary Trade Area                                            117.1        123.8       131.0            142.2
 Total resident specialty retail spend                               197.7        210.5       224.0            244.0

 Beyond Trade Area Specialty Retail Spend
     Primary Trade Area (30%)                                        24.2         26.0            27.9         30.5
     Secondary Trade Area (20%)                                      23.4         24.8            26.2         28.4
 Total beyond trade area specialty retail spend                      47.6         50.8            54.1         59.0


 Total specialty retail spend                                        245.3        261.3       278.1            302.9


 Estimated specialty retail floorspace grow th

     Primary Trade Area                                                -          1,072       2,183            3,717

     Secondary Trade Area                                              -          1,087       2,244            4,060
 Total specialty retail floorspace dem and                             -          2,160       4,427            7,777


 Proposed additional floorspace (sqm)                                  0           800             0             0
 Net demand for additional specialty retail floorspace

     Primary Trade Area                                                -           272        1,383            2,917

     Secondary Trade Area                                              -          1,087       2,244            4,060
 Net dem and for additional specialty retail floorspace                -          1,360       3,627            6,977


 *Inflated do llars
 So urce: M acro P lan Dimasi




As detailed above, an additional requirement for retail specialty floorspace is
forecast for both PTA and STA, totalling 7,777sqm by 2020. The proposed
800sqm of specialty retail at Noosa Fair will meet part of this demand in 2015,
thereby implying limited impacts on existing traders.


This analysis above indicates that there is potential to support the existing and
proposed specialty retail floorspace within the local Noosa Heads area with limited
impacts as a result of the growing catchment. Any impacts on individual stores,
including the trading viability of new stores within the proposed development, will
be largely dependent on the competitiveness and strength of operator for each
tenancy.




                                                                           Noosa Heads Bowls Club, QLD
                                                                                 First Choice Assessment               35
                                                                                                         Coles Group