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

2 EXPENDITURE PROPENSITY

Information request:

‘Retail expenditure propensities for each of the identified trade areas have not been
reported in the Retail Needs Assessment, with propensities only reported for the primary
trade area and the aggregation of all trade areas.

Retail expenditure propensities for the trade area utilised are higher than the State average
despite residents of the trade area having significantly lower incomes and still subject to
significant housing costs. Limited explanation is provided for this apparent discrepancy’.

Response:
Retail expenditure propensities for each trade area sector are shown in Tables1.1 and 1.2 below. While

Table 1.1 updates Table 5.6 in the DA report, due to a transposition error, the analysis throughout the
report is unaffected. The error was due to an earlier version of the table not being replaced in the final

report.

Trade Area Retail Spending Per Capita, 2014

NOOSA CIVIC TRADE AREA ($2014, INCL GST) TABLE 1.1
Noosa Civic MTA Var'n from

Product Group QLD PTA MTA QLD
Food Retail 5,788 6,049 5,981 +3%
Food Catering 1,424 1,346 1,367 -4%
Apparel 1,186 1,138 1,150 -3%
Homewares 963 968 989 +3%
Bulky Goods 1,489 1,588 1,622 +9%
General/Leisure 1,646 1,692 1,726 +5%
Serices 506 558 543 +7%
Total Retail Spending 13,002 13,340 13,378 +3%

S, Marketinfo 2012, Australian Nationa Accounts: National Income, Expenditure and Product Accounts (5206.0) ; Urbis

Table 1.2 shows the retail expenditure propensities by product group for each trade area sector. These
are consistent with the outcomes shown in Tables 5.7-5.8, on pages 80-82, of the DA report.

2014 Retail Spending Per Capita

Cee eee a RN ee cca nace ae ee ete et TABLE 1.2
Var.
Food Food Home- Bulky —_Leisure/ Retail Total from
Retail Catering Apparel wares Goods Genera; Services Retail Qld.
Primary 6,049 1,346 1,138 968 1,588 1,692 558 13,340 +3%

Secondary:

North East 6,226 1,617 1,300 1,153 1,651 1,806 635 14,387 +11%
South East 5,952 1,404 1,180 985 1,571 1,713 529 13,334 +3%
South 5,892 1,305 1,172 971 1,753 1,764 522 13,379 +3%
North West 5,824 4,231 1,017 925 1,617 4,707 493 12814 -1%
Total Secondary 5,955 1,375 1,154 997 1,635 1,739 538 13,393 +3%
Main Trade Area 5,981 1,367 1,150 989 1,622 1,726 543 13,378 +3%

Queensland

5,788 1,424 1,186 963 1,489 1,646 506 13,002 -

2011 ABS

   
 

URBIS
4 TRADE AREA'AND EXPENDITURE NOOSA RESPONSE REPORT - RETAIL ECONOMICS JUNE 2015 V2