MCU14/0056 - Attachment H -Economic Needs Assessment

                                                           Total
                                    Cooroy    Cooroy                 Sunshine
                                                           Trade                 Qld
                                     East      West                   Coast
                                                           Area
 Couples without Children              31.6         40.0      34.9        32.7     28.6
 Single Parent Household               14.3          7.6      11.6        11.2     11.6
 Lone Person Household                 26.5         16.4      22.5        23.5     22.8
 Group/Other Household                  4.0          4.9       4.4         4.7      5.9

 Ethnicity (%)
 Only English spoken at home           97.1         95.9      96.6        95.7     89.7
Source: ABS 2011 Census

The trade area’s key points of difference with these benchmarks are:
         The age profile for the whole trade area is older than that of the Sunshine Coast or
         Queensland, with a significant (20.1%) part of the population aged 65+, compared
         to 13.1% for Queensland.
         Couples without Children make up a higher proportion of families, particularly in
         the Cooroy West area (40%) compared to Queensland (28%). However, couples
         with children in the Cooroy West area also make up a higher proportion (31%) of
         family types than in Cooroy East and is on par with the Queensland profile,
         reflecting significantly lower proportions of single parent and lone person
         households in Cooroy West.
         Average household income ($65,829) is lower than for the Sunshine Coast
         ($71,406) and Queensland ($83,037). It is higher in the Cooroy West area
         ($73,607) reflecting a higher average number of employed persons per household
         compared to the Sunshine Coast.
These characteristics point to a lower average household spend on retail goods and
services, with a propensity to spend proportionately more on food and convenience
goods, and less on apparel and comparison household goods.


3.4       Household Retail Spending Potential
Average retail expenditure levels for households in the trade area were derived using
average household income data based upon the 2011 Census, the ABS 2009-10
Household Expenditure Survey and National and State Accounts data. Dollar values were
inflated to common December 2013 values using Brisbane Consumer Price Index data.
Household retail expenditures consist of five broad categories:
         Take home food – which includes food expenditure at supermarkets, grocery
         stores, greengrocers, butchers, bakers, tobacconists, delis and bottle shops;
         Meals out and take away food – including restaurants, takeaways, cafes and
         coffee shops;
         Apparel – clothing and footwear, including clothing hire services;


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Proposed Myall Street Development
12022 Rev 1
30 May 2014