MCU14/0056 - Attachment H -Economic Needs Assessment

     3.2         Population and Households
     Table 3.1 sets out the usual resident population and households for the trade area at the
     2011 Census and Foresight Partners’ estimates of future population and households
     through to 2021.

     Table 3.1: Estimated Population & Households, Proposed Retail Trade Area, June 2006 to June 2021

                                                                                                                                    Increase
Trade Area                   2006                                                       2011     2013      2017    2019    2021
                                                                                                                                   2013-2021
Cooroy East
   Population               2,578                                                       2,968    3,070     3,310   3,390   3,490        420
                                         Census Boundary changes affect comparability




   Households               1,044                                                       1,236    1,280     1,380   1,420   1,460        180
  Persons per                2.47                                                       2.40     2.40      2.40    2.39    2.39
  dwelling
Cooroy West
   Population               2,193                                                       2,112    2,180     2,290   2,330   2,350        170

   Households                822                                                        843          870   920     940     950           80
                                         between 2006 and 2011




   Persons per               2.67                                                       2.51     2.51      2.49    2.48    2.47
   dwelling
Total Trade Area
Population                  4,771                                                       5,080    5,250     5,600   5,720   5,840        590

Households                  1,866                                                       2,079    2,150     2,300   2,360   2,410        260
                             2.56                                                       2.44     2.44      2.43    2.42    2.42
Persons per dwelling

     Source: ABS 2006 and 2011 Census, Foresight Partners estimates

     At June 2013, the base year of this needs analysis, the total market area’s usual resident
     population is estimated at approximately 5,250 people residing in 2,150 private dwellings.
     The year ending June 2017 is the expected first full year of trading for the retail
     component of the proposed development, and 2021 it’s fifth. Over the whole of the
     forecast period 2013 to 2021, it is estimated that the trade area will grow modestly by
     about 590 new residents in about 260 additional dwellings, reaching a population of 5,840
     residents in 2,410 private dwellings.


     3.3         Socio-economic Characteristics
     A summary of the key socio-economic characteristics of the proposed centre’s trade area
     as at the 2011 Census is shown in Table 3.2. Data for the Sunshine Coast and
     Queensland are included as benchmarks.




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     Proposed Myall Street Development
     12022 Rev 1
     30 May 2014