2022-11-14 GC Agenda - Item 4 - Attachment 2 - Appendix 13 to Attachment 1

NOOSA SHORT STAY ACCOMMODATION ECONOMIC & SOCIAL ASSESSMENT


•      Approximately 0.48 (1 bed) and 1.45 (4 bed) FTE jobs in Noosa per dwelling, paying between $35,000 and
       $106,000 in employee incomes per annum per dwelling.

A summary of the direct and flow-on economic contribution per dwelling across different short stay dwelling types
is presented in the following table.

Table 3.1. Average Annual Economic Contribution per Short Stay Dwelling to Noosa
    Impact                                     Output            GRP             Incomes         Employment
                                                ($)               ($)               ($)            (FTEs)
    1 Bed
    Initial Stimulus                           $63,327          $32,376          $25,047               0.36
    First Round Impacts                        $10,104          $4,958            $3,686               0.04
    Industry Support Impacts                   $2,573           $1,235             $922                0.01
    Household Consumption Impacts              $15,869          $9,309            $5,257               0.07
    Total Impact to Noosa                      $91,872          $47,878          $34,912               0.48
    2 Bed
    Initial Stimulus                          $102,660          $52,673          $40,655               0.60
    First Round Impacts                        $16,204          $7,974            $5,910               0.06
    Industry Support Impacts                   $4,110           $1,978            $1,474               0.01
    Household Consumption Impacts              $25,707          $15,080           $8,516               0.12
    Total Impact to Noosa                     $148,681          $77,705          $56,555               0.79
    3 Bed
    Initial Stimulus                          $140,545          $72,345          $55,767               0.82
    First Round Impacts                        $22,050          $10,877           $8,050               0.08
    Industry Support Impacts                   $5,573           $2,687            $2,001               0.02
    Household Consumption Impacts              $35,221          $20,661          $11,668               0.16
    Total Impact to Noosa                     $203,389         $106,570          $77,486               1.08
    4 Bed
    Initial Stimulus                          $191,633          $99,239          $76,338               1.10
    First Round Impacts                        $29,866          $14,784          $10,921               0.10
    Industry Support Impacts                   $7,513           $3,630            $2,704               0.03
    Household Consumption Impacts              $48,141          $28,241          $15,949               0.22
    Total Impact to Noosa                     $277,154         $145,894          $105,911              1.45
Source: AEC.

By comparison, long-term tenancy dwellings are estimated to provide a contribution of approximately one third of
that of short stay counterparts. On average, long-term tenancy dwellings are estimated to support between:

•      Approximately $34,000 (1 bed) and $85,000 (4 bed) in output to Noosa businesses per dwelling.

•      Approximately $17,000 (1 bed) and $43,000 (4 bed) in Gross Regional Product (GRP) to Noosa per dwelling.

•      Approximately 0.16 (1 bed) and 0.4 (4 bed) FTE jobs in Noosa per dwelling, paying between $12,000 and
       $31,000 in employee incomes per annum per dwelling.

A summary of the direct and flow-on economic contribution per dwelling across different long-term tenancy dwelling
types is presented in the following table.




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