MCU14/0106 Appendix J - Retail Needs Assessment

4.9.8 Cooroibah ....................................................................................................................................... 55
4.10 Village Centres................................................................................................................................ 55
4.10.1 Pomona........................................................................................................................................... 55
4.10.2 Cooran ............................................................................................................................................ 56
4.10.3 Kin Kin and Boreen Point ................................................................................................................ 56
4.11 Other Centres ................................................................................................................................. 56
4.11.1 Sunshine Coast Region .................................................................................................................. 56
4.11.2 Maroochydore PRAC ...................................................................................................................... 58
4.11.3 Nambour ......................................................................................................................................... 58
4.12 Estimated Retail Turnover Performance ........................................................................................ 59
4.13 Estimated Distribution of Retail Trade ............................................................................................ 60
4.14 Approved and Proposed Developments ......................................................................................... 62
4.15 Summary......................................................................................................................................... 62

5          Noosa Civic Market Analysis ....................................................................................................... 64
5.1        State and Regional Population Analysis ......................................................................................... 64
5.1.1      Historical Regional Population ........................................................................................................ 64
5.1.2      Forecast Regional Population Growth ............................................................................................ 66
5.2        Trade Area Population .................................................................................................................... 67
5.2.1      Historic Growth ............................................................................................................................... 68
5.2.2      Land Release Patterns ................................................................................................................... 68
5.2.3      Population Forecasts ...................................................................................................................... 73
5.3        Demographic Profile ....................................................................................................................... 75
5.3.1      Age Group Forecasts ...................................................................................................................... 78
5.4        Retail Spending............................................................................................................................... 80
5.4.1      Methodology and Definitions .......................................................................................................... 80
5.4.2      Estimated Per Capita Retail Spending ........................................................................................... 80
5.4.3      Retail Market Size and Forecasts ................................................................................................... 81
5.5        Tourism ........................................................................................................................................... 82
5.5.1      Tourism Demand Trends ................................................................................................................ 83
5.6        Employment Analysis ..................................................................................................................... 86
5.6.1      Place Of Work Analysis .................................................................................................................. 88
5.6.2      Main Trade Area Employment Containment .................................................................................. 88
5.7        Drive Time Isochrones .................................................................................................................... 91
5.8        Escape Expenditure ........................................................................................................................ 93
5.9        Summary......................................................................................................................................... 94

6          Current Turnover Performance ................................................................................................... 96
6.1        Turnover Distribution By Trade Area Sector ................................................................................... 96
6.2        Current Market Shares ................................................................................................................... 96
6.3        Summary......................................................................................................................................... 97

7          Assessment of Need and Demand .............................................................................................. 98
7.1        Consumer Needs ............................................................................................................................ 98
7.2        Major Retailers Gap Analysis ......................................................................................................... 98
7.2.1      Floorspace Provision Assessment– DDS ....................................................................................... 98
7.2.2      Floorspace Provision Assessment – Supermarket ......................................................................... 99
7.3        Current Supply of Retail Floorspace to Trade Area Residents .................................................... 100
7.4        Future Demand for Retail Floorspace .......................................................................................... 101
7.4.1      Method 1 – Floorspace Per Capita Approach .............................................................................. 102
7.4.2      Method 2 – Average Trading Level (ATL) Approach .................................................................... 102
7.5        Noosa Civic Turnover and Market Share Potential ...................................................................... 104



                                                                                                                                                      URBIS
                                                                                               NOOSA CIVIC - RETAIL NEEDS ASSESSMENT DEC 2014 MASTER - FINAL