MCU14/0106 Appendix J - Retail Needs Assessment

Impact on Key Centres, Method 2
CENTRE TURNOVER FORECASTS, $2014M INC. GST                                                                                            CHART E1
                                   Noosaville*                                                            Noosa Junction
 400                                                                     400
 350                                       +5.1%                         350
 300                         334                            337          300
             291                            306
 250                                                                     250
 200                                                                     200                                        +7.2%
 150                                                                     150                         173                             176
                                                                                      152                            163
 100                                                                     100
  50                                                                      50
  -                                                                        -
            2014           2018            2018           2021                       2014           2018            2018            2021
                          Case 1          Case 2         Case 2                                    Case 1          Case 2          Case 2


                                  Hastings Street                                                           Tewantin**
 140                                      +15.6%                          140
 120                                                        140           120
                             130            129
 100         111                                                          100                                       +1.7%
  80                                                                       80                          92
                                                                                                                      83              90
  60                                                                       60          82
  40                                                                       40
  20                                                                       20
  -                                                                         -
            2014           2018            2018           2021                        2014           2018           2018             2021
                          Case 1          Case 2         Case 2                                     Case 1         Case 2           Case 2
                                     Cooroy                                                      Sunshine Beach (Duke Street)
  80                                                                     80
                                          +6.2%
                                                                         70
                             72                             74
  60                                        68                           60
             64
                                                                         50
  40                                                                     40
                                                                         30                                        +8.7%
  20                                                                     20
                                                                         10          15.3            16.9           16.6             17.9
      0                                                                  -
            2014           2018            2018           2021                      2014            2018           2018             2021
                          Case 1          Case 2         Case 2                                    Case 1         Case 2           Case 2

1. Case 1 refers to the scenario with no Noosa Civic expansion and Case 2 refers to the scenario with the Noosa Civic expansion.
2. Percentage change listed refers to percentage change between 2014 estimated turnover and 2018 forecast turnover with
   Noosa Civic expansion.
3. Does not include impact of proposed Sunshine Plaza expansion.
* Includes neighbourhood centres at Weyba Road and Noosa Bushlands, Noosavile Industrial zone and undefined.
** Includes the Noosa Marina and neighbourhood centres at Earl Street and Noosa Outlook.
Source : Urbis




Overall, this analysis suggests that the effects of the proposed development will be a one-off impact (refer
Table E3). The impact is equivalent to less than two month’s real growth in the case of Hastings Street,
two years real growth in the case of Noosa Junction, two and a half years in the case of Noosaville and
four years for Tewantin. All centres will also benefit from growth due to price inflation over the forecast
period. This clearly indicates that the role and function of existing centres will not change.




URBIS
NOOSA CIVIC - RETAIL NEEDS ASSESSMENT DEC 2014 MASTER - FINAL                                                                      EXECUTIVE SUMMARY   vii