Attachment 7- Economic Impact Statement

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                             These impacts are also expressed as percentages, both against the Base Case (2027) and
                             against current centre sales.

                             Impacts from Noosa Civic Village

                             The assessment of trading impacts with respect to the current application for Noosa
                             Civic Village is provided in Table 15.

                             The analysis shows that the centres experiencing the greatest potential reduction in sales
                             are expected to be those that either have an overlapping offer, are nearby and contain
                             supermarkets and other essential retail uses, or have an extensive food dining and
                             entertainment role.

Table 15—Trading impacts: Noosa Civic Village

Centre                                       Sales 2022         Sales 2027 -         Sales 2027 -            Impact $      Impact %          Impact %
                                                                 Base Case             with NCV                in 2027      (cf 2027)         (cf 2022)
Noosa Civic SC & Showroom                        $176.1               $202.1               $184.7               -$17.4         -8.6%            +4.9%
Noosaville                                       $189.8               $220.3               $208.3               -$12.0         -5.4%            +9.7%
Noosa Junction                                   $173.1               $196.3               $184.7               -$11.7         -5.9%            +6.7%
Noosa Heads                                      $140.1               $156.3               $151.5                -$4.8         -3.1%            +8.2%
Weyba Rd                                          $29.7                $34.0                $32.1                -$1.9         -5.7%            +7.9%
Tewantin TC                                       $53.5                $60.8                $57.0                -$3.7         -6.1%            +6.5%
Other centres in catchment                       $541.0               $624.5               $612.9               -$11.5         -1.8%           +13.3%
All centres in catchment                       $1,303.4             $1,494.2             $1,431.1               -$63.1         -4.2%            +9.8%
Centres outside catchment                                                                                       -$11.6
Total redistributed sales                                                                                       -$74.6

Source: Deep End Services
Note: NCV – Noosa Civic Village


                             In dollar terms the largest impacts are expected to be on:
                             •    The existing components of the Noosa Civic Shopping Centre, which will experience
                                  a decline in sales at the existing Woolworths because of competition from a second
                                  supermarket, and with impacts on some other stores in overlapping categories.
                             •    Noosaville, which is a nearby centre with a strong recently refurbished supermarket,
                                  essential retail and a dining offer.
                             •    Noosa Junction, which has an existing Coles, a range of general retailers and some
                                  entertainment-related businesses that would experience added competition.
                             •    Noosa Heads, which would be affected mainly due to new dining opportunities and
                                  partly because of new non-food shops in leisure and apparel categories.
                             •    Tewantin, which would be affected mainly due to the additional supermarket offer.
                             •    Weyba Road, where the modelling indicates a potential impact on the existing ALDI
                                  (which is understood to trade well above average and is the only ALDI in the region).

                             Beyond these centres listed above, small changes in sales are likely to occur at a wide
                             range of centres across the catchment. In addition, centres outside the catchment are
                             expected to experience a loss of sales of $11.6m, representing a little more than 15% of
                             the total effect across the centre hierarchy.

                             The impacted centres outside the catchment would include regional shopping facilities in
                             Maroochydore to the south, or centres such as Gympie in the regional hinterland to the

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