Appendix F- Economic Impact Assessment · MCU23/0078

30

These are very substantial increases in available spending on the types of goods for
which supermarkets are the dominant retail format, providing strong justification for
additional supportable floorspace provision.

Table 5—Catchment retail spending by type, 2016 to 2035

 

 

 

 

 

 

 

 

Spending market ($m) Average change (%pa)
Spending category 2016 2019 2022 2027 2030 2035 2019-22 2022-27 2027-30 2030-35
Primary
Food, Groceries & Liquor 138.3 153.6 167.3 200.7 219.9 254.0 2.9% 3.7% 3.1% 2.9%
Food dining 40.5 42.7 38.1 57.4 69.4 95.6 | -3.7% 8.5% 6.5% 6.6%
Non-food & Services 62.1 66.4 717 87.7 96.7 114.2 | 2.6% 4.1% 3.3% 3.4%
Large Format Retail 85.4 90.5 107.1 118.6 132.2 152.7 | 5.8% 2.1% 3.7% 2.9%
Total 326.3 353.2 384.2 464.4 518.2 616.5 2.8% 3.9% 3.7% 3.5%
Secondary East
Food, Groceries & Liquor 73.1 81.4 90.1 109.3 119.9 138.0 3.4% 4.0% 3.1% 2.9%
Food dining 25.8 27.3 24.7 37.7 45.7 62.8 | 3.2% 8.8% 6.6% 6.6%
Non-food & Services 35.5 38.1 41.8 51.7 57.0 67.1 | 3.1% 4.3% 3.3% 3.3%
Large Format Retail 49.3 52.5 63.0 70.8 79.0 90.9 | 6.3% 2.4% 3.7% 2.8%
Total 183.6 199.3, 219.6 269.6 301.5 358.7 3.3% 4.2% 3.8% 3.5%
Secondary South East
Food, Groceries & Liquor 156.7 191.9 220.1 267.7 290.9 330.0 4.7% 4.0% 2.8% 2.5%
Food dining 48.5 56.3 52.9 80.9 97.0 131.3 | 2.0% 8.8% 6.2% 6.2%
Non-food & Services 71.9 84.8 96.4 119.3 130.5 151.0 | 4.4% 4.4% 3.0% 3.0%
Large Format Retail 104.7 122.3 152.6 171.3 189.5 214.8 | 7.7% 2.3% 3.4% 2.5%
Total 381.8 455.3 522.1 639.2 707.9 827.0 4.7% 4.1% 3.5% 3.2%
Secondary South West
Food, Groceries & Liquor 33.5 37.8 43.8 54.3 60.1 714 5.0% 4.4% 3.4% 3.4%
Food dining 9.7 10.3 9.8 15.3 18.7 26.5 | 1.7% 9.3% 6.9% 7.2%
Non-food & Services 15.4 16.8 19.4 24.6 27.4 33.2 | 4.9% 4.9% 3.7% 3.9%
Large Format Retail 22.0 23.6 29.8 34.2 38.6 45.7 | 8.1% 2.8% 4.1% 3.5%
Total 80.6 88.5 102.8 128.4 144.8 176.5 5.1% 4.5% 4.1% 4.0%
Secondary North West
Food, Groceries & Liquor 110.3 125.6 143.0 175.8 193.9 224.9 4.4% 4.2% 3.3% 3.0%
Food dining 30.7 33.1 30.9 47.8 58.2 80.6 | 2.3% 9.1% 6.8% 6.7%
Non-food & Services 48.5 53.3 60.3 75.9 84.3 100.1 | 4.2% 4.7% 3.6% 3.5%
Large Format Retail 70.9 76.9 95.4 108.3 121.7 141.3 | 7A% 2.6% 4.0% 3.0%
Total 260.4 288.9 329.6 407.8 458.0 546.9 4.5% 4.3% 3.9% 3.6%
Total catchment
Food, Groceries & Liquor $11.9 590.3, 664.3, 807.8 884.6 1,018.1 4.0% 4.0% 3.1% 2.9%
Food dining 155.1 169.7 156.5 239.1 289.0 396.7 | “2.7% 8.9% 6.5% 6.5%
Non-food & Services 233.4 259.4 289.6 359.3 395.9 465.6 | 3.7% 4.4% 3.3% 3.3%
Large Format Retail 332.2 365.9 448.0 503.2 560.8 645.3 | 7.0% 2.4% 3.7% 2.8%
Total 1,232.6 1,385.3 1,558.3 19093 2,130.3 2,525.7| 4.0% 41% 3.7% 3.5%

 

Source: Deep End Services; ABS; Market Data Systems; Deloitte Access Economics
Note: figures in future dollars

Noosa Village Mixed Use Development — Economic Impact Statement for Development Application Deep End Services