Attachment 7- Economic Impact Statement

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resulting sales performance is still well above current levels. Further market growth
would then also help to normalise sales performance over subsequent years.

Overall, the conclusion to be drawn is that the proposed additional retail floorspace to be
delivered within the NBC, all of which is consistent with the Noosa planning scheme, will
generate some competitive effect, but that this will occur within a larger market at the
time, and the effects would not lead to any diminution in the role or offer available at
competing centres. The particular effect associated with the only aspect of the
development not entirely consistent with the planning scheme – ie the additional 1,000
sqm of supermarket floorspace in excess of AO72 in Noosa Plan – would be of little or no
consequence in terms of its effect on the centre hierarchy.

The potential adverse consequences arising from added competition are therefore
minimal when set against the significant positive effects that are expected to be
generated as a result of the development, as discussed below in Chapter 8.




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