MCU14/0106 Appendix J - Retail Needs Assessment

Distribution of Impact on Selected Centres, 2018 – Method 2
NOOSA CIVIC EXPANSION ($2014M, INC. GST)                                                                                             TABLE 8.5
                                                                                         Turnover Inc./Dec. ($M)
                                               Est. Retail Turnover ($M)                       relative to:                    IMPACT 1
Centres                                     Existing      Pre-Exp.        Post-Exp.         Existing       Pre-Exp           relative to:
                                             2014          2018             2018             2014           2018           2014       2018
                                               (1)            (2)             (3)         (4)=(3)-(1) (5)=(3)-(2) (6)=(4)/(1) (7)=(5)/(2)
             2
Noosaville                                     291.3          334.0           306.1           +14.9          -27.8         +5.1%         -8.3%
Noosa Junction                                 152.3          172.7           163.3           +11.0            -9.4        +7.2%         -5.4%
Hastings Street (Noosa Heads)                  111.2          130.5           128.6           +17.4            -1.9       +15.6%         -1.5%
Quamby Place (Noosa Heads)                      11.7           12.8            12.4            +0.7            -0.3        +6.1%         -2.7%
Tewantin 3                                      82.0           92.0            83.4            +1.4            -8.6        +1.7%         -9.3%
Sunshine Beach (Duke Street)                    15.3           16.9            16.6            +1.3            -0.3        +8.7%         -1.7%
Sunrise Shopping Centre                          4.6            4.9             4.6            -0.0            -0.3        -0.6%         -6.9%
Coolum Beach District Centre                    88.8          102.1            99.6           +10.8            -2.4       +12.2%         -2.4%
Coolum Local Centre (West)                      55.4           63.7            62.2            +6.8            -1.5       +12.3%         -2.3%
Coolum Local Centre (South)                     12.3           13.9            13.5            +1.2            -0.4        +9.4%         -3.2%
Peregian Beach                                  26.2           30.4            29.7            +3.5            -0.7       +13.3%         -2.3%
Peregian Springs Local Centre                   34.1            39.6           37.9             +3.8           -1.7       +11.2%         -4.3%
Cooroy                                          63.6            72.1           67.6             +3.9           -4.5        +6.2%         -6.3%
Pomona                                          28.0            31.2           29.8             +1.7           -1.4        +6.2%         -4.5%
Eumundi                                         18.5            21.6           20.7             +2.2           -0.9       +11.9%         -4.2%
Kin Kin                                           1.2            1.4             1.3            +0.1           -0.0       +12.4%         -3.2%
Cooran                                            2.2            2.5             2.3            +0.0           -0.2        +1.8%         -8.5%
Maroochydore PRAC                           1,099.0         1,285.0        1,273.1           +174.1          -12.0        +15.8%         -0.9%
Nambour                                        233.5          275.5           274.1           +40.6            -1.4       +17.4%         -0.5%

Trade Area Centres                             998.7        1,142.1        1,079.6              80.9         -62.5         +8.1%         -5.5%
Total Centres                               2,331.1         2,702.6        2,626.7            311.8          -75.9        +13.4%         -2.8%
Other Centres                                                                                                -53.1
1. Turnover impact is a comparison to the expected turnover would otherwise be in the forecast year if the subject development did not occur.
2. Noosaville includes Noosaville Industrial zone, Noosaville Riverside and Mary St/Thomas St Precinct, Noosa Outlook, Noosa Bushlands and Weyba Road.
3. Tewantin includes Tewantin Town Centre, Noosa Outlook and Earl Street Shops
Source: Urbis


Table 8.5 above indicates that $53.1 million of the impact of the Noosa Civic Expansion is forecast to fall
on retail alternatives outside of those analysed above. This is as a result of the expansive list of suburbs
that main trade area residents direct their spending. Chart 8.1 below demonstrates the long tail of
suburbs where main trade area residents do their shopping.




URBIS
NOOSA CIVIC - RETAIL NEEDS ASSESSMENT DEC 2014 MASTER - FINAL                                                ASSESSMENT OF ECONOMIC IMPACTS       117