MCU14/0106 Appendix J - Retail Needs Assessment

Forecast Distribution of Main Trade Area Resident Spending
TOTAL RETAIL, 2018 ($2014M INC GST)                                                                           TABLE 7.9
                                                    Case 1 - No          Case 2 - Dev.
                                                   Development            Scenario                        Change
                                                  Share of MTA           Share of MTA             Case 1 Compared
                                                 Spending Market        Spending Market              to Case 2
                                                  (%)      ($M)          (%)      ($M)             (% pts)    ($M)

  Noosa Civic                                    10.5%          128.7   20.1%      245.7            +9.6     +117.0
  Trade Area (excl Noosa Civic)                  52.0%          636.0   47.7%      583.3             -4.3     -52.6
Total within TA                                   62.5%         764.7    67.8%     829.0            +5.3      64.4

  Maroochydore PRAC                                8.1%          98.8    7.2%       88.7             -0.8     -10.1
  Nambour                                          1.2%          15.0    1.1%       13.8             -0.1      -1.2
  Other                                          28.2%          345.2   23.9%      292.1             -4.3     -53.1
Total outside of TA                               37.5%         459.0    32.2%     394.6             -5.3     -64.4

Total                                           100.0%      1,223.6     100.0%   1,223.6              -            -
So urce : Quantium ; Urbis




When the apparel retail category is isolated (refer Table 7.10), resident spending retained in the main
trade area as a result of the proposed development is forecast to increase by $24.7 million to
$70.7 million. Relative to the no expansion scenario, the proposed expansion is forecast to increase
apparel spending by $30.9 million. Due to the fact that most apparel spending is leaving the trade area
only $6.3 million of this increase is expected to be redirected from other centres within the trade area.

In percentage terms, under the development scenario, apparel escape expenditure is forecast to reduce
to 33.9% from 57.0%, representing significant retention of escape spending in this category (i.e. -23
points).


Forecast Distribution of Main Trade Area Resident Spending
APPAREL, 2018 ($2014M INC GST)                                                                               TABLE 7.10
                                                    Case 1 - No          Case 2 - Dev.
                                                   Development            Scenario                        Change
                                                  Share of MTA           Share of MTA             Case 1 Compared
                                                 Spending Market        Spending Market              to Case 2
                                                  (%)      ($M)          (%)      ($M)             (% pts)    ($M)

  Noosa Civic                                    24.2%           25.9   53.1%       56.8            +28.9     +30.9
  Trade Area (excl Noosa Civic)                  18.8%           20.2   13.0%       13.9             -5.8      -6.3
Total within TA                                   43.0%          46.1    66.1%      70.7            +23.0     24.7

  Maroochydore PRAC                              18.7%           20.0   14.0%       15.0             -4.6      -4.9
  Nambour                                          1.4%           1.5    1.0%        1.1             -0.4      -0.4
  Other                                          36.9%           39.5   18.9%       20.2            -18.1     -19.3
Total outside of TA                               57.0%          61.0    33.9%      36.3            -23.0     -24.7

Total                                           100.0%          107.0   100.0%     107.0              -            -
So urce : Quantium ; Urbis




7.7           SUMMARY
This section has provided an overview of the need and demand for additional retail floorspace within the
Noosa Civic trade area. The following provides a brief summary of the key outcomes arising from this
analysis:




URBIS
NOOSA CIVIC - RETAIL NEEDS ASSESSMENT DEC 2014 MASTER - FINAL                              ASSESSMENT OF NEED AND DEMAND   107