Appendix F- Economic Impact Assessment · MCU23/0078

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             to international travellers (in the absence of detailed information), based on an expected
             increased likelihood of making retail purchases and eating out while on overseas trips
             compared to when on overnight domestic trips.

             Based on these estimates, total retail spending by tourists in 2019 was approximately
             $467m. This represents around 25% of the combined available spending when catchment
             resident expenditure is added for that year (from Table 5).

             TRA data indicates that grocery purchases bought for self-catering purposes represents
             around 5% of total spending by day-trippers. Assuming that the proportion of spending
             on grocery purchases by overnight visitors would be higher, at 10%, this would imply
             total spending by tourists of around $94m on grocery items in 2019, or 14% of the
             available spending on food and groceries when catchment resident expenditure is added
             for that year.
             Overall, it is broadly estimated that at least 25% of retail spending within the catchment is
             made by tourist visitors and others making trips into the region – including those living
             just outside the catchment, people working within the area, and so on.
             For groceries and other supermarket goods the contribution to spending on by people
             other than catchment residents is broadly estimated at approximately 10-15% of the total
             combined spending within the catchment on those items.
5.4 Retail   Details of retail floorspace by centre across the catchment are presented in Table 7 over
provision    the page, noting that this is based on floorspace surveys conducted in July 2022.
             Total retail provision is estimated at approximately 153,500 sqm, of which around
             114,135 sqm is in traditional retailing and another 39,360 sqm is LFR selling homewares,
             furniture and other large format goods.

             A large share of traditional retail floorspace is provided within the Primary catchment
             where retailing is focussed at Noosa Civic (combined 16,700 sqm), Noosaville (14,730
             sqm) and smaller centres including in and around Tewantin. LFR provision is mainly found
             within the showroom precinct at Noosa Civic and in the surrounding area including
             within industrial and enterprise zones adjacent to Noosa Civic (combined 24,250 sqm)
             and at Noosaville (10,350 sqm).

             Other significant collections of retailing occur within the Secondary North-east sector
             including at Noosa Junction (combined 17,700 sqm of traditional retail) and Noosa Heads
             (12,700 sqm), and with a total of 24,000 sqm of combined traditional retail at centres to
             the south within the Secondary South-east sector.

             Vacancy rates across the catchment centres are low, averaging just 3.8% across all
             centres, and with a vacancy rate of just 3.2% at Noosa Civic. The only locations that have
             high vacancy rates are smaller centres where an individual vacant tenancy can make a
             large difference to the overall vacancy rate. Note that an IGA has recently taken up
             vacant floorspace at Sunrise Shopping Centre.




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