Attachment 7 - Economic Need and Impact Assessment · MCU13/0251

4         RETAIL EXPENDITURE ANALYSIS
This section of the report assesses the retail expenditure generated within the identified trade
area; the likely market penetration of retail facilities located on the subject site; and the
consequent performance of the proposed retail development.

4.1       Available Retail Expenditure
Retail expenditure analysis seeks to identify retail expenditure patterns for households in
identified trade areas, which can then be extrapolated by projected household formation over
time to generate a total future available retail expenditure estimate for identified trade area/s.
Based on anticipated trade area market shares it is possible to infer the potential demand for a
proposed retail development.
A number of retail categories are identified, these being:
• Groceries and take home food;
• Dining and take-away food, including on-premise liquor;
• Clothing, footwear and apparel;
• Personal and other goods;
• Core bulky goods 2;
• Ancillary bulky goods 3;
• Hardware; and
• Takeaway liquor.
Retail expenditure data for non-metropolitan Queensland is taken from the ABS Household
Expenditure Survey 2009-10 (Cat No. 6530.0) and assigned to the above retail expenditure
categories and then adjusted for sub-regional variations incomes and housing costs. All estimates
are expressed in 2013 dollars.
Table 4.1 below summarises the estimated weekly retail goods expenditure patterns of
households within the trade area between 2013 and 2021, based on the above retail categories.
Between 2013 and 2021, real weekly retail expenditure per household is projected to increase by
approximately 0.5% per annum in the trade area.




2 Core bulky goods include furniture and floor coverings, household appliances and audio-visual equipment and

parts.
3 Ancillary bulky goods include blankets, household linen and household furnishings, glassware, tableware, cutlery

and household utensils, home computer equipment, camping equipment and motor vehicle parts and accessories
purchased separately




Peregian Village Market Economic Need and Impact Assessment                                                   17
December 2013 13034 Report Rev 0