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

TABLE OF CONTENTS
1     INTRODUCTION                                                                    1
      1.1    Subject Site & Proposed Development                                       1
2     BACKGROUND & CONTEXTUAL ANALYSIS                                                4
      2.1    Trade Areas for Proposed Development Definition                           4
      2.2    Demographic & Socio-Economic Analysis                                     6
             2.2.1 Resident Population and Household Projections                       8
      2.3    Implications for Retail Demand                                            9
3     CENTRES NETWORK ASSESSMENT                                                      10
      3.1    Noosa Centres Hierarchy                                                  10
      3.2    Existing Retail Network                                                  10
             3.2.1 Centre Activities within the Trade Area                            11
             3.2.2 Centres Proximate to the Trade Area                                12
             3.2.3 Centres Further Afield                                             15
      3.3    Proposed Retail Centres                                                  16
             3.3.1 Approved Redevelopment of Peregian Beach Friendly Grocer           16
             3.3.2 Development Application, 5-7 Rufus Street Peregian Beach           16
             3.3.3 Development Application, Expansion of Noosa Fair Shopping Centre   16
4     RETAIL EXPENDITURE ANALYSIS                                                     17
      4.1    Available Retail Expenditure                                             17
             4.1.1 Available Supermarket Expenditure                                  18
             4.1.2 Available Specialty Expenditure                                    19
      4.2    Market Share Analysis                                                    20
             4.2.1 Market Share of Limited-Line Supermarket                           20
             4.2.2 Market Share of Specialty                                          21
      4.3    Overall Centre Performance                                               22
5     CENTRES IMPACT ANALYSIS                                                         23
      5.1    Impact Defined                                                           23
             5.1.1 Impact of Proposed Retail Development                              24
6     NEED ASSESSMENT                                                                 26
      6.1    Summary                                                                  27




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