Appendix G. Economic Report

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




Based on these assumptions, the current supply capacity of existing Service Stations is outlined in the following
table.

                                         Table 3 Service Station Trading Capacity

    Station                               Baseline      Regional         Trading         Station       Vol/Month   Vol/Year
                                           Mthly        Weighting         Hour            Size
                                           Volm                         Weighting       Weighting
    Caltex/Woolworths Noosa
                                          350,000            0.8           0.835             1           233,800   2,805,600
    Heads
    7 Eleven Noosaville                   350,000            0.8             1               1           280,000   3,360,000
    BP Noosaville                         350,000            0.8           0.855           0.65          155,610   1,867,320
    Caltex Noosaville Diesel Stop            N/A                                                                      NA
    Noosaville Servo (Liberty)            350,000            0.8             1             0.65          182,000   2,184,000
    Shell Noosaville                      350,000            0.8             1               1           280,000   3,360,000
    Shell/Coles Express Noosa
                                          350,000            0.8            0.79             1           221,200
    Heads                                                                                                          2,654,400
    Total                                                                                                          16,231,320

Overall, RPS estimates that current existing service stations can sustainably provide 16.2m litres of fuel for
passenger and non-passenger demand in the Study Area.

2.6               Supply Gap and Need for Additional Service Stations
Based on the analysis above, RPS has estimated the “Supply Gap” or need for additional service stations.
In terms of demand, RPS has considered both Leakage of demand from the Study Area and expenditure
coming into the Study Area. A standard leakage of 10% has been assumed for both passenger and non-
passenger demand.
In terms of Beyond Study Area demand, RPS has assumed 20%. This is higher than normal for a Study Area
of this size, but reflects several factors:
 Noosaville is the established service node for the entire Noosa region. While demand from locations such
  as Noosa Heads and Sunshine Beach are captured within the Study Area, other locations such as
  Tewantin and Peregian Beach will generate demand for fuel in Noosaville.
 Noosa is recognised as a major tourist destination. In the year ending March 2017, Noosa attracted
  882,000 domestic visitors who stayed 3.73m visitor nights. A further 163,000 international visitors spent
  almost $1m6. These visitors generate demand for fuel from outside of the Study Area, increasing demand
  for Service Station Capacity.
Overall, this results in a net 10% increase in total demand for fuel originating from outside the Study Area.
Adding this to passenger demand in the Study Area and non-passenger demand from Noosaville businesses,
RPS estimates that there is TOTAL Demand for fuel of 19.9m litres in 2016, growing to 20.5m in 2018
and 27.5m in 2036.




6
    TRA (2017) National and International Visitor Surveys, March 2017 Tourism Research Australia, Canberra




      138303-1 | 5 December 2017                                                                                               15