Appendix G. Economic Report

                                                                              Service Station and Convenience Retail Assessment
                                                                                             175 Eumundi Noosa Road, Noosaville




2.3.2             Study Area Fuel Expenditure and Usage
Data from MarketInfo 2016 indicates that households in the Study Area spend an average of $891 per person
in 2016 on fuel retailing. This is exclusive of other forms of retailing including motor vehicle, convenience retail
or other goods and services offered at Service Stations.
RPS has applied a real annual retail growth rate of 1% per annum. This in line with industry standards and
long-term averages and ensures the future retail expenditure profiles beyond 2016 are realistic and
appropriate. Based on these assumptions, RPS estimates that the Study Area supported approximately
$18.4 million in residential fuel expenditure in 2016. This is expected to grow to $19.0m in 2018 and
$25.3m in 20363.
RPS has also applied an average price in 2016 for fuel of $1.25. This value is real and net of inflation and
allows for changes in fuel prices to be discounted across the assessment period. This local expenditure
converts to residential demand for fuel of 14.7m litres of fuel (across all fuel types) in 2016. This is
expected to grow to 15.2m litres in 2018 and 20.2m litres in 2036. These details are summarised below.

                             Table 1 Residential Fuel Expenditure and Usage, Study Area

    Indicators                                                        2016               2018           2026            2036
    Population                                                       20,646             20,886         21,893          23,268
    Residential Fuel Expenditure ($m)                                $18.4               $19.0          $21.5           $25.3
    Residential Fuel Usage (Litres Millions)                          14.7               15.2           17.2            20.2


2.4               Non-Passenger Vehicle Fuel Demand
Demand for fuel does not solely originate from households. Non-residential demand can represent a significant
source of fuel consumption in a local economy. In this case, the Subject Site is collocated with significant
industry and business activity in Noosaville.
RPS estimates that the businesses located in the Noosaville Local Area (excluding Noosa Heads and
Sunshine Beach) own 1,409 commercial vehicles and rigid trucks4. This excludes Light and Heavy Articulated
Trucks, which are current serviced by a dedicated Diesel Stop facility located on 13 Venture Street.
Historically, commercial and rigid truck vehicles have grown at an average of 1.8% in the local area, in line
with the broader economy. This is expected to continue as the peri-urban nature of Noosa in South East
Queensland, plus the emergence of major package delivery and online retail services, are expected to
reinforce the need for businesses to possess strong transport capabilities.
Based on this growth rate, the number of registered local commercial vehicles and rigid trucks are expected
to increase to 1,460 in 2018 and 2,013 by 2036.




3
    MarketDataSystems (2017) MarketInfo2016, Market Data Systems, Eagle Farm, Queensland
4
    ABS (2017) Census of Motor Vehicles, Cat No. 9309.0, Australian Bureau of Statistics, Canberra




      138303-1 | 5 December 2017                                                                                            11