Response to Information Request 5-7 Rufous Street Peregian Beach - Attachment C MCU13/0092

C&~n~~i,..h+                                                                                ABN 59 I II 54.2 673
r~p. ~~.~....                                                                                   DIRECTORS
          partnerSptyLtd                                                             Geoff Coghlin SSe MBA
                                                                                    Mike McCracken 6A MA
Property Market An.alysis and DeveJoment Strategies
                                                                                              SUite 3 I   .
                                                                                                              level 4

4 July 2013                                                                               50 S6 Sanders Street

                                                                                       Upper Mount Gravatt
Mr Gary Dillon                                                                            QlD 41 22 Austrafta
                                                                                              T07 3422 2011
DFS Group, Partner
                                                                                               F 07 3422 0899
PO Box 605
                                                                                  www.foreslghtpartners.com.au
Maroochydore QLD 4558

Dear Mr Dillon,

                                                                               PROPOSED PEREGIAN
RE: RESPONSE TO INFORMATION REQUEST (ECONOMICS),
BEACH RETAIL CENTRE

                                                      from Sunshine Coast Regional Council
As requested I have reviewed the information request
in relation to the proposed Peregian Beach Retail
                                                  Centre (MCU13/0092) dated 18 June 2013.


                                                     in reference to our Needs Assessment
Council has raised two economic information requests
                                                             Council:
report (February2013)which formed part of the application to

                                                                                 located within Peregian
7.    Provide details of all the retail and commercial premises
Beach, including the use by floorspace area.

                                                                        were undertaken as
Detailed inspections and inventories of Peregian Beach Village Square
                                               outside the Village Centre area were inspected
part of the assessment. Commercial premises
but not inventoried as they are not considered
                                               relevant to the assessment of the Peregian
                                                         Beach Village Square. A full inventory
Beach retail environment and performance of Peregian
of retail and commercial tenancies in Peregian Beach Village Square,
                                                                       including the use by
floorspace area, is attached to this letter.

                                                                          Area from 2006 to 2011.
8.         Provide details of population growth of the Trade

                                                      of the centre’s            trade area as at 2006
 Boundary changes do not permit a precise replication
          mesh block level), which means that the apparent changes in population and
 (even at
 households between 2006 and 2011 are approximations only.

                                                           in 1,548 private dwellings. We
 At June 2006, the trade area had 3,993 persons residing
                                                                  in 2011, an average increase
 estimate that this increased to 4,407 persons in 1,706 dwellings
                                                         annual growth rate of 2%.
 of 83 persons and 32 dwellings per year or an average

                                                                   is expected to be modest with
 The trade area is well established and future population growth
                                                          the forecast period to 2019 and 0.5%
 the average annual growth rate declining to 0.7% over
                                                is derived from the Queensland Government’s
 to 2021. The projected trade area population
                                                        2011 medium series forecasts and
 Office of Economic and Statistical Research (OESR)
                                                                        and building constraints.
 Foresight  Partners estimates taking into consideration land capacity


 We trust this provides the information requested by
                                                               Council.


 Yours faithfully



  53/J~
 Geoff Coghlin
 Director



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