9. Appendix F - Economic Impact Assessment

TABLE 2.3. MAIN TRADE AREA SOCIO-ECONOMIC CHANGES, 2011-16
                                            Noosa Showrooms MTA                      SE QLD Benchmark
 Characteristics                          2011       2016   Change (%)        2011          2016   Change (%)

 Income Levels

 Average Per Capita Income               $30,088         $35,677     18.6%   $34,096       $38,197    12.0%

 Average Household Income                $73,788         $87,174     18.1%   $88,560       $98,799    11.6%

 Age

 Average Age                                 40.9             42.6   4.0%        37.0         37.7     1.9%

 Birthplace (% of Pop'n)

 Australian Born                           78.2%             79.3%   1.2%      73.9%         73.7%    -0.2%

 Overseas Born                             21.8%             20.7%   -1.2%     26.1%         26.3%     0.2%

 Household Size & Structure

 Average Household Size                       2.5              2.4   -0.4%        2.6          2.6    -0.4%

 Couple with dep't children                41.4%             40.7%   -0.8%     45.5%         45.3%    -0.2%

 Housing Status (% of H'holds)

 Owner/Purchaser                           69.7%             72.1%   2.4%      65.9%         64.7%    -1.2%

 Renter                                    30.3%             27.9%   -2.4%     34.1%         35.3%     1.2%

 Sources: ABS Census of Population and Housing 2011 & 2016




2.4.      Resident Total Trade Area Retail Expenditure Capacity

  i.     The estimated retail expenditure capacity of the Noosa total trade area population is based on
         information sourced from Market Data Systems (MDS). MDS utilises a detailed micro-simulation model
         of household expenditure behaviour for all residents of Australia. All retail spending projections in this
         report are in constant 2018 dollars and include GST.

  ii.    The MDS model takes into account information from a wide variety of sources, including the regular
         ABS Household Expenditure Survey, the National Accounts Data, Census Data and other information.
         MarketInfo estimates used in this analysis are based on the 2018 release, benchmarked against the
         latest National Accounts Data, released by the ABS. Throughout Australia, the MarketInfo estimates of
         retail spending that are prepared independently by MDS are commonly used by all parties in economic
         assessments.

  iii.   Charts 2.2 illustrates the traditional retail spending levels per person across the Noosa total trade area
         as compared with the South-east Queensland benchmark.




         Noosa Marketplace, Queensland
         Economic Impact Assessment                                                                             31
         May 2019