Attachment 7- Economic Impact Statement

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                                Centres that are shown with very high average sales levels are those dominated by
                                supermarkets, which on average are thought to be trading close to $17,000/sqm as
                                indicated in Table 10 (refer p44) as a result of the local under-supply of supermarket
                                floorspace.

Table 14—Catchment centres retail sales 2022

Centre                                                                Floorspace (sqm)               Average sales ($/sqm)     Total sales ($m)
Noosa Civic SC & Showroom                                                         23,365                              $7,538            $176.1
NBC surrounds incl industrial                                                     20,050                              $6,135            $123.0
Noosaville                                                                        25,095                              $7,562            $189.8
Noosa Junction                                                                    18,595                              $9,309            $173.1
Noosa Heads                                                                       12,705                             $11,026            $140.1
Webya Rd                                                                           2,240                             $13,268             $29.7
Hilton Terrace                                                                       530                              $6,000              $3.2
Tewantin TC                                                                        5,540                              $9,664             $53.5
Noosa Outlook Shopping Centre                                                      1,370                              $8,909             $12.2
Noosa Bushlands                                                                      380                              $8,974              $3.4
Quamby Place SC                                                                    1,165                              $8,217              $9.6
Sunshine Beach Shops                                                               2,310                              $8,394             $19.4
Sunrise SC                                                                           790                              $7,949              $6.3
Peregian Beach                                                                     7,110                              $7,312             $52.0
Peregian Springs SC                                                                4,610                             $13,430             $61.9
Coolum Village SC                                                                  3,730                             $13,220             $49.3
Coolum Beach strip                                                                 6,240                              $6,207             $38.7
Coolum Park SC                                                                     3,330                             $15,797             $52.6
Mt Coolum SC                                                                       1,515                              $9,493             $14.4
Eumundi TC                                                                         3,280                              $5,107             $16.8
Pomona TC                                                                          4,090                              $7,516             $30.7
Cooroy TC                                                                          6,625                              $7,181             $47.6
Total                                                                            154,665                              $8,427         $1,303.4

Source: Deep End Services


                                The modelled impacts arising from the development of Noosa Civic Village in 2027 are
                                displayed in Table 15. Note that the information in the table has been simplified by only
                                including the main centres likely to experience any competitive impact following
                                development of Noosa Civic Village, or cumulatively when the Stage 2 Retail application
                                is included.

                                As noted in section 7.2, this analysis commences by forecasting sales at existing centres
                                in 2027 in the absence of new developments within the NBC: this is termed the ‘Base
                                case’. These forecasts have been calculated by assuming that centre sales grow in line
                                with changes in the market size, but with a discount applied to reflect likely increases in
                                escape spending as identified in section 5.5.
                                Sales forecasts with the inclusion of Noosa Civic Village in 2027 are then modelled by
                                incorporating reductions in sales at each centre as a result of the likely redistribution
                                effects once Noosa Civic Village is operational.

                                Impacts are identified in nominal terms as the difference between Base Case sales in
                                2027 and the sale that would result with the inclusion of the proposed development.


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