Attachment 7- Economic Impact Statement

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                           (+$180m from 2023 levels). As noted above, significant spending growth in this sector has
                           also occurred in the period 2019 to 2023.

                           Overall, very substantial increases in available spending on the types of goods for which
                           supermarkets are the dominant retail format have occurred in recent years and are
                           expected in the future, providing strong justification for additional supportable
                           floorspace provision.

Table 5—Catchment retail spending by type, 2016 to 2035

                                                      Spending market ($m)                                               Average change (%pa)
Spending category                 2016         2019        2023         2027        2030         2035      2019-23        2023-27    2027-30     2030-35
Primary
Food, liquor & groceries         138.3        153.5       184.9        207.4        224.9       262.5          4.8%          2.9%       2.7%         3.1%
Food dining                       40.5         42.6        59.8         69.6         75.2        85.5          8.8%          3.9%       2.6%         2.6%
Non-food & services               62.1         66.3        88.0         95.8        105.7       131.9          7.3%          2.1%       3.4%         4.5%
Large format retail               85.4         90.4       115.3        138.3        156.5       197.4          6.3%          4.6%       4.2%         4.7%
Total                            326.3        352.8       448.0        511.1        562.3       677.3         6.2%           3.3%       3.2%         3.8%
Secondary East
Food, liquor & groceries          73.1         81.3       100.3        114.2        123.9       144.7          5.4%          3.3%       2.7%         3.2%
Food dining                       25.8         27.2        39.2         46.4         50.1        57.0          9.6%          4.3%       2.6%         2.6%
Non-food & services               35.5         38.1        51.7         57.0         62.9        78.6          8.0%          2.5%       3.3%         4.6%
Large format retail               49.3         52.5        68.5         83.2         94.1       118.7          6.9%          5.0%       4.2%         4.8%
Total                            183.6        199.1       259.8        300.9        331.0       399.0         6.9%           3.7%       3.2%         3.8%
Secondary South East
Food, liquor & groceries         156.7        191.7       247.6        285.9        308.7       357.5          6.6%          3.7%       2.6%         3.0%
Food dining                       48.5         56.3        84.4        101.3        108.8       122.8        10.7%           4.7%       2.4%         2.5%
Non-food & services               71.9         84.8       121.1        135.3        148.7       184.5          9.3%          2.8%       3.2%         4.4%
Large format retail              104.7        122.2       167.4        206.4        232.4       290.7          8.2%          5.4%       4.0%         4.6%
Total                            381.8        455.0       620.5        728.8        798.6       955.6         8.1%           4.1%       3.1%         3.7%
Secondary South West
Food, liquor & groceries          33.5         37.8        49.7         59.3         64.9        76.3          7.1%          4.5%       3.1%         3.3%
Food dining                         9.7        10.3        15.8         19.6         21.3        24.4        11.2%           5.5%       2.9%         2.7%
Non-food & services               15.4         16.8        24.4         28.3         31.6        39.7          9.8%          3.8%       3.7%         4.7%
Large format retail               22.0         23.6        33.0         42.1         48.0        60.9          8.7%          6.3%       4.5%         4.9%
Total                             80.6         88.5       122.9        149.3        165.9       201.3         8.6%           5.0%       3.6%         3.9%
Secondary North West
Food, liquor & groceries         110.3        125.5       160.8        183.7        200.0       234.4          6.4%          3.4%       2.9%         3.2%
Food dining                       30.7         33.1        49.2         58.4         63.3        72.3        10.4%           4.4%       2.7%         2.7%
Non-food & services               48.5         53.2        75.1         83.5         92.6       116.0          9.0%          2.7%       3.5%         4.6%
Large format retail               70.9         76.8       104.3        127.4        144.7       183.3          7.9%          5.1%       4.3%         4.8%
Total                            260.4        288.6       389.4        453.0        500.5       606.1         7.8%           3.9%       3.4%         3.9%
Total catchment
Food, liquor & groceries         511.9        589.8       743.2        850.5        922.4     1,075.3          6.0%          3.4%       2.7%         3.1%
Food dining                      155.1        169.5       248.4        295.3        318.7       362.0        10.0%           4.4%       2.6%         2.6%
Non-food & services              233.4        259.2       360.3        399.9        441.5       550.8          8.6%          2.6%       3.4%         4.5%
Large format retail              332.2        365.6       488.5        597.4        675.8       851.1          7.5%          5.2%       4.2%         4.7%
Total                          1,232.6      1,384.0     1,840.6       2,143.1     2,358.3     2,839.2          7.4%          3.9%       3.2%         3.8%

Source: Deep End Services; ABS; Market Data Systems; Deloitte Access Economics
Note: all spending data in current (nominal) prices




                           Noosa Village Mixed Use Development – Economic Impact Statement for Development Application                     Deep End Services