Attachment 7- Economic Impact Statement

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                                Opportunities will also emerge for other new or expanded supermarkets to open
                                elsewhere within the catchment to serve the expected growth in local demand.

                                With respect to the current provision within the planning scheme for additional
                                supermarket development to be restricted to a smaller module of 2,500 sqm, the
                                following additional comments are made:
                                •     The floorspace difference between a 2,500 sqm and a 3,500 sqm supermarket (ie
                                      +1,000 sqm) is of marginal consequence given the current level of supermarket
                                      provision within the catchment of approximately 31,000 sqm. Indeed, it represents an
                                      increase of 3% in total supermarket provision, in a market that is growing at close to
                                      3% each year (refer Table 5).
                                •     The larger supermarket module of 3,500 sqm as proposed for the VMU precinct is
                                      consistent with modern expectations by both operators and customers, and would be
                                      of benefit to the community by providing a wider and deeper range of merchandise
                                      across all departments (ie with in-store bakery, butchery, deli, etc).
                                •     The Noosa Shire Retail Plan provided support not only for an additional full-line
                                      supermarket at Noosa Civic, but also raised the possibility of incorporating a third
                                      smaller format.
                                •     The NBC presents an appropriate location at which to provide additional
                                      supermarket services given its role as a sub-regional shopping centre in the hierarchy
                                      and the relatively limited opportunity for other centres to expand their physical
                                      footprint.
                                •     The examination of future supermarket floorspace demand in Table 9 demonstrates
                                      that there is a need for additional supermarket floorspace to serve residents in the
                                      catchment, far exceeding the proposed additional floorspace to be built at Noosa
                                      Civic Village.

                                Overall, this analysis does not support the intended restriction on additional supermarket
                                floorspace to 2,500 sqm, subject to examination of the potential trading effects on other
                                centres as set out in Chapter 7.

Table 9—Analysis of supermarket floorspace provision and needs

Year                                                                                                          2022              2027      2030              2035
Catchment area population - persons                                                                         95,311        102,470       104,615         107,510
Existing supermarket floorspace supply - sqm                                                                30,950            31,710     31,710           31,710
Existing floorspace supported by catchment – sqm (@ 90%)                                                    27,900            28,500     28,500           28,500
Floorspace provision rate per person (sqm/cap)                                                               0.293             0.278      0.272            0.265
Floorspace demand at Queensland provision rate (0.394 sqm/cap) - sqm                                        37,500            40,300     41,200           42,300
Under(-)/over(+) supply - sqm                                                                               -9,600            -11,800   -12,700          -13,800

Source: Deep End Services




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