Appendix F- Economic Impact Assessment · MCU23/0078

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                       The analysis shows that new supermarkets should be facilitated within the catchment,
                       with the NBC an appropriate location for a new full-line supermarket given its role in the
                       centres hierarchy as defined in ShapingSEQ.

                       The analysis demonstrates that there will be opportunities for other new or expanded
                       supermarkets to open elsewhere within the catchment to serve the expected growth in
                       local demand.

Table 9—Analysis       Year                                                                                  2022      2027      2030         2035
of supermarket         Catchment area population - persons                                                95,334     100,210   102,185    104,815
floorspace provision
                       Existing supermarket floorspace supply - sqm                                       30,950      30,950    30,950      30,950
and needs
                       Existing floorspace supported by catchment – sqm (@ 90%)                           27,900      27,900    27,900      27,900
Source: Deep End       Floorspace provision rate per person (sqm/cap)                                       0.293      0.278     0.273       0.266
Services               Floorspace demand at Queensland provision rate (0.394 sqm/cap) - sqm               37,500      39,400    40,200      41,300
                       Under(-)/over(+) supply - sqm                                                       -9,600    -11,500   -12,300     -13,400




5.6 Summary            The need analysis presented in this section can be summarised as follows:
                       •      Retail provision within the NBC, dominated by the Noosa Civic Shopping Centre,
                              serves a relatively wide catchment that extends across Noosa Shire and into the
                              regional hinterland, with the extent of this catchment informed by analysis of
                              visitation to Noosa Civic using mobile geolocation data.
                       •      The catchment has continued to experience population growth even during the
                              COVID pandemic, and growth is forecast to continue mainly through infill
                              development and high-density housing close to activity centres.
                       •      Tourism makes a significant contribution to local activity levels, in terms of the
                              numbers of visitors and their spending on retail and other goods and services.
                       •      Demand for new traditional retail floorspace will come from greater retention of
                              demand from residents to reflect the intended strategic role of the NBC in the
                              regional centres hierarchy, as well as from increases in population and visitor
                              numbers.
                       •      The analysis in this report provides strong support for development of 13,700 sqm of
                              traditional retail floorspace at Noosa Civic Village, especially as this is consistent with
                              allowable floorspace levels across the Retail and VMU precincts and is supported by
                              analysis undertaken on behalf of Noosa Shire Council. The proposed new floorspace
                              represents less than 45% of the potential for additional traditional retail floorspace
                              across the catchment by 2027.
                       •      The provision of supermarket floorspace is currently well below the typical average
                              provision rate experienced throughout Queensland, with an opportunity to increase
                              current supply by nearly 10,000 sqm to reflect typical average provision rates, and
                              with further opportunities in the future to expand supermarket provision.

                       Overall, there is strong justification for the proposed Noosa Civic Village on need
                       grounds, including for a new full-line supermarket.




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