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

in 2021. Hence, the estimated available grocery and take home food expenditure available to
supermarkets is anticipated to increase from $12.40 million in 2013 to $13.95 million in 2021.
Grocery and take home food sales at supermarkets are supplemented by non-food purchases,
such as general merchandise, which typically account for between 5% and 10% of supermarket
turnover. Based on the proportion of grocery and take home food related floor space taken up
by supermarkets, a midpoint of 7.5% has been adopted.
Therefore (as reported in Table 4.3 below), available supermarket expenditure generated by trade
area residents is anticipated to increase from $13.41 million in 2013 to $15.08 million by 2021.
Table 4.3 below summarises the available supermarket expenditure generated by the PTA

Table 4.3: Available Supermarket Expenditure, 2013-21 ($M, 2013 dollars)
 Expenditure category                            2013         2015     2017     2019     2021


 Total PTA food/grocery expenditure             $15.50    $15.98      $16.47   $16.95   $17.44
 Total PTA food/grocery expenditure available   $12.40    $12.79      $13.18   $13.56   $13.95
 to supermarkets (80%)
 Plus PTA expenditure on other merchandise       $1.01        $1.04    $1.07    $1.10    $1.13
 (7.5% of supermarket turnover)
 Total available to supermarket expenditure     $13.41   $13.82       $14.25   $14.66   $15.08


Source: Derived from Table 4.2


4.1.2 Available Specialty Expenditure
A review of the plan of development indicates that specialty tenancies within the proposed centre
are all less than 100m2. Some of these tenancies may be taken up as non-retail uses, however this
analysis assumes all specialty tenancies are taken up by retail uses. This assumption is likely to
result in an overstatement of impacts on other centres, hence it represents a conservative
assumption.
The relevant expenditure categories for tenancies of this scale include:
• Groceries & take-home food (excluding supermarket expenditure);
• Dining (including on-premise liquor);
• Fast food & take-away food;
• Clothing, footwear & apparel;
• Personal & other goods; and
• Takeaway liquor.
Available specialty expenditure is calculated based on the available expenditure from the above
retail expenditure categories. As such, available specialty expenditure in the trade area is
anticipated to increase from $20.23 million in 2013 to $22.51 million in 2021.
Table 4.4 shows the available specialty expenditure generated by the trade area.




Peregian Village Market Economic Need and Impact Assessment                                      19
December 2013 13034 Report Rev 0