9. Appendix F - Economic Impact Assessment

           ­     The proposed Noosa Marketplace will create a substantial number of additional jobs, both for the
                 construction and related industries during the construction phase of the development and for the
                 economy generally once the development is completed.

           ­     The estimated total capital costs for the construction of the development are $30 million. By using
                 the appropriate ABS Input/Output Multipliers that were last produced in 1996/97 and a deflated
                 estimated total capital cost of construction of $22.9 million (i.e. in 1996/97 dollars), it is estimated
                 that the construction period of the proposed Noosa Showroom development would create some
                 160 jobs (refer Table 4.6).

           ­     The additional construction jobs (160) will result in a further 257 jobs in the broader community
                 based on ABS Input/Output Multipliers (refer Table 4.6).

In total some 1,080 jobs are likely to be created both directly and indirectly as a result of the proposed Noosa
Marketplace.

TABLE 4.4. NOOSA MARKETPLACE ESTIMATED EMPLOYMENT
                                                   Estimated                                       Noosa Home
  Type of Use                                     Employment                           Change in GLA        Employment
                                                  Per '000 sq.m                           (sq.m)             (persons)

  Large Format Retail/Showroom                           20                                    8,780           176
  Business / Retail Incubator                            65                                    1,800           117
  Indoor Recreation (Kids Play Centre)                   13                                     730              9
  Commercial                                             50                                    1,200            60
  Food & Beverage                                        60                                     270             16

  Total Centre   1
                                                                                            12,780             378

  Net Increase   2
                                                                                                               340

  1. Excludes non-retail components.
  2. Net increase includes an allowance for reduced employment levels at impacted centres
  estimated at 10% of the total increase




TABLE 4.5. ESTIMATED EMPLOYMENT IMPACT
  Original Stimulus                                Direct                    Supplier Employment               Total
                                                 Employment                    Multiplier Effects

  Centre Employment
                        1
                                                       340                               323                    663

  * Employment totals include both full-time and part-time work
  1. Indicates the estimated number of net additional ongoing jobs as a result of the proposed development
  Source : Australian National Accounts: Input-Output Tables 1996-97




         Noosa Marketplace, Queensland
         Economic Impact Assessment                                                                                      65
         May 2019