MCU14/0106 & OPW15/0001 Appendix B - Retail Needs Response

Supermarket Provision — Population Assessment 2014-2031

 

 

A CIVIC MAIN TRADE AREA . _ TABLE 5.2

Unit 2014 2016 2021 2026 2031

Main Trade Area Population ' No. 81,000 83,700 89,900 92,500 95,500

Main Trade Area Existing Supermarket Floorspace sq.m 24,750 24,750 24,750 24,750 24,750

Main Trade Area Supermarket Floorspace Provision ee 306 296 275 268 259

Queensland Supermarket Floorspace Provision sq.m/ 1,000

(Brisbane = 360, Non-Metro = 370) people Si3 ai3 sis sts 213

Supportable MTA Floorspace @ Non-Metro QLD

benchmark of 373 sq.m per 1,000 residents Sa. 30,210 31,220 33,530 34,900 $5,620

Surplus/(Deficiency) sq.m 0 (6,470) (8,780) (9,750) (10,870)

5.3 FLOORSPACE DEFICIT

Information request:

‘The Retail Needs Assessment estimates a 2014 retail floorspace deficit within the identified trade
areas. The analysis indicates the deficit will increase to 2021 but does not appear to consider the
potential for existing approvals to address some of the projected deficit’.

Response:

The DA report outlines two approaches for considering Future Demand for Retail Floorspace. These are
referred to as Method 1 and Method 2 on page 102 of the DA report and concludes as follows:

Method 1

The proposed expansion of Noosa Civic is expected to add a further 21,980 sq.m of retail
floorspace to the trade area. Based on the assessment above, in 2021 the proposed expansion
of Noosa Civic will only account for around 20% of the deficiency in retail floorspace within the

trade area. (p102)
Method 2

Given that the proposed expansion of Noosa Civic, would add 21,980 sq.m of retail floorspace to
the trade area, it is apparent that this will only satisfy approximately 18% of the retail floorspace
deficiency in 2021. There would still be a significant level of unsatisfied demand within the trade
area, and a continuation of the high level of escape spending. (p1 03)

Given this conclusion it is readily apparent that existing approvals, which are considered in the DA report
(see p62), are highly unlikely to be compromised.

In particular, the Peregian Village Market development and Noosa Fair supermarket expansion, which are
both within the trade area, would account for only 1.6% of the retail floorspace deficiency in 2021; the
Masters proposal is not affected as it is a hardware and home improvement store operating in a different
market space; and, Sunshine Plaza is the region's largest regional centre which is supported by a
substantial trade area population and tourist market that is substantially bigger, and draws more broadly,
than the Noosa trade area.

URBIS
NOOSA RESPONSE REPORT - RETAIL ECONOMICS JUNE 2015 V2 NEEDS ANALYSIS 17