MCU14/0106 Appendix J - Retail Needs Assessment

Noosa Civic Turnover Potential, 2018
NOOSA CIVIC PROPOSED SCHEME ($2014, INC GST)                                                                           TABLE 7.6
                                                                              Noosa Civic
                                                                                                     1
                                                                GLA               Constant Dollars
Majors:                                                         Sq.m              $M         $/Sq.m
DDS/s                                                           11,884            44.9            3,777
Supermarket/s                                                    9,057            90.6           10,000
Mini-Major/s                                                     7,399            56.3            7,616
Specialty Shops :
Food Specialties                                                 2,184            20.9            9,568
Non-Food Specialties                                            12,623            83.5            6,614
Total Retail Specialties                                        14,807           104.4            7,050
Total Retail                                                    43,147           296.2            6,865
1. Includes GST
So urce: QIC ; Urbis



7.5.2            MARKET SHARES
The corresponding market shares expected in 2018 as a result of the above forecasts are provided in
Table 7.7, by food and non-food merchandise categories.

The forecast main trade area share is 20.1% in 2018, which includes a food market share of 16% and a
non-food share of 24.8%. Despite capturing 20% of resident’s retail spending, around 80% would still be
available to other centres.

We have also assumed a decrease in the proportion of turnover derived from beyond the trade area, and
at 17% this would be relatively low compared to other retail precincts in the trade area. Nevertheless,
even at this lower level the volume of business deriving from beyond the trade area is forecast to increase
to around $50 million as compared with $34 million currently.


Forecast Retail Market Shares by Food/Non-Food, 2018
PROPOSED EXPANSION OF NOOSA CIVIC ($2014 INC GST)                                                                      TABLE 7.7
                                 Resident Spending ($M)            Market Share Potential            Forecast Turnover
                                   Food      NF     Total           Food      NF    Total            Food      NF    Total

Primary Trade Area                177.7      151.4      329.1       29.4%      36.8%     32.8%       52.3       55.7    108.0

Secondary Trade Area
Secondary North East                92.4       81.7     174.0          9.8%    24.2%     16.6%           9.1    19.8     28.8

Secondary South East              156.1      134.4      290.6          3.8%    12.0%      7.6%           5.9    16.2     22.0

Secondary South                     98.9       90.0     188.9       14.3%      19.4%     16.7%       14.2       17.5     31.6

Secondary North West              129.2      111.8      241.0       17.8%      28.8%     22.9%       23.0       32.2     55.2

Secondary Trade Area              476.5      418.0      894.5       10.9%      20.5%     15.4%       52.1       85.6    137.7

Main Trade Area                   654.2      569.4 1,223.6          16.0%      24.8%     20.1%      104.4      141.3    245.7

Turnover From Beyond MTA                                            15.3%      18.3%     17.0%       18.9       31.6     50.5

Centre Retail Turnover ($M)                                                                         123.3      172.9    296.2

So urce: Urbis




URBIS
NOOSA CIVIC - RETAIL NEEDS ASSESSMENT DEC 2014 MASTER - FINAL                                     ASSESSMENT OF NEED AND DEMAND   105