Attachment 7- Economic Impact Statement

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     new full-line supermarket while on a shopping trip to the only sub-regional shopping
     facility in Noosa.
•    An opportunity for price competition generated by having a wider range of
     competing outlets within the one centre, which would occur with the introduction of
     an additional supermarket operator within a centre that currently only houses
     Woolworths. The price competition effect is likely to be greater in a market such as
     Noosa where the supply of supermarkets is relatively low, and current established
     businesses are generally achieving much higher-than-average sales.
•    Provision of a wider range of diversified housing in higher density formats, with
     multiple dwellings suitable for a range of market segments including downsizers, key
     workers, young professionals and entrants to the local housing market, and additional
     short-term accommodation to support the tourism sector.
•    Introduction of local employment opportunities at the proposed offices, leading to
     consumer benefits for the local workforce as people are able to secure local
     professional and scientific jobs rather than having to travel into Maroochydore or
     even commute to Brisbane.
•    Opportunities for local business development by providing a new modern office
     offer including potential for flexible co-working spaces which are particularly
     attractive for start-ups and other small businesses wishing to secure office tenancies.
•    Improvements in local amenity for people living in, working in and visiting the wider
     NBC precinct, due to new retail, entertainment, food dining and business services.
•    A wider range of visitor-oriented services and amenity with the inclusion of cinema,
     bars/restaurants, recreation and entertainment which will create a focus for night-
     time activities, thereby helping to cater to Noosa’s tourism and events economy, with
     this component supported by short-term accommodation.

Other

Other identifiable benefits resulting from the proposed development include:
•    Less need for shopping trips to more distant shopping facilities, including those
     located beyond the catchment (such as Maroochydore), leading to positive
     externality benefits arising from a reduction in travel and an associated reduction in
     vehicle emissions.
•    Similar externality benefits such as vehicle emission reductions would be created
     through the provision of a wider array of local employment opportunities across a
     wide range of professional and scientific industry sectors.
•    A widening of the retail offer for both residents and tourists, with the inclusion of a
     new shopping facility that may help to stimulate an increase in retail shopping by
     tourist visitors.
•    The introduction of a range of uses that are in accordance with the policy aspirations
     for the NBC, including the co-location of office and residential uses (including short-
     term accommodation) that will help to generate a day time and night time population
     to support the proposed entertainment, shopping and dining uses.

In summary, the proposed uses to be developed within the NBC would generate a range
of important measurable and non-measurable positive outcomes for Noosa Shire and for
the wider region.
Noosa Village Mixed Use Development – Economic Impact Statement for Development Application   Deep End Services