Appendix F- Economic Impact Assessment · MCU23/0078

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6.4 Centre          Existing sales performance for those centres located within the catchment are
impacts             summarised in Table 11, based on a variety of inputs including:
                    •    Information provided by Stockwell
                    •    Industry reports including benchmark averages publications
                    •    Industry knowledge obtained from individual clients
                    •    Observations from field visits
                    •    Consultant experience and judgement.

                    In total, the identified centres within the catchment generated total estimated retail sales
                    of $1.29bn in 2022. The top 5 centres in terms of total sales are:

                    1.   Noosaville (incorporating various components extending from Gibson Road to
                         Gympie Terrace)
                    2.   Noosa Civic and other components within the NBC
                    3.   Noosa Junction
                    4.   Noosa Heads
                    5.   NBC surrounds, which mainly comprises LFR traders within industrial precincts.

                    Overall, sales performance for these centres is estimated at $8,422 per sqm, which is a
                    very healthy average for the retail sector, and well above the typical range of around
                    $6,000-$7,500/sqm usually seen across internal and street-based activity centres.
                    Centres that are shown with very high average sales levels are those dominated by
                    supermarkets, which on average are thought to be trading in excess of $15,000/sqm,
                    reflecting the local under-supply of supermarket floorspace.

Table 11—           Centre                                                Floorspace (sqm)       Average sales ($/sqm)      Total sales ($m)
Catchment centres   Noosa Civic SC & Showroom                                        23,365                        $7,538            $176.1
retail sales 2022
                    NBC surrounds incl industrial                                    20,050                        $6,135            $123.0

Source: Deep End    Noosaville                                                       25,095                        $7,562            $189.8
Services            Noosa Junction                                                   18,595                        $9,309            $173.1
                    Noosa Heads                                                      12,705                       $11,026            $140.1
                    Webya Rd                                                           2,240                      $13,268             $29.7
                    Hilton Terrace                                                       530                       $6,000              $3.2
                    Tewantin TC                                                        5,540                       $9,664             $53.5
                    Noosa Outlook Shopping Centre                                      1,370                       $8,909             $12.2
                    Noosa Bushlands                                                      380                       $8,974              $3.4
                    Quamby Place SC                                                    1,165                       $8,217              $9.6
                    Sunshine Beach Shops                                               2,310                       $8,394             $19.4
                    Sunrise SC                                                           440                       $6,318              $2.8
                    Peregian Beach                                                     7,110                       $7,312             $52.0
                    Peregian Springs SC                                                3,790                      $14,431             $54.7
                    Coolum Village SC                                                  3,730                      $13,220             $49.3
                    Coolum Beach strip                                                 6,240                       $6,207             $38.7
                    Coolum Park SC                                                     3,330                      $15,797             $52.6
                    Mt Coolum SC                                                       1,515                       $9,493             $14.4
                    Eumundi TC                                                         3,280                       $5,107             $16.8
                    Pomona TC                                                          4,090                       $7,516             $30.7
                    Cooroy TC                                                          6,625                       $7,181             $47.6
                    Total                                                           153,495                        $8,422          $1,292.7


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