Changes to Report to incorporate Attachment H · MCU13/0092

Feresight

partnerses,

e estimation of the likely performance prospects of the centre in its first, third and
fifth years of trading derived from a market share analysis. We have based this
analysis on the assumption that the proposed centre would open in 2014 and, for
the purposes of population expenditure projections and impact analysis, the year
ending June 2015 is the assumed first full year of trading.

These investigations provided the basis for this needs and impact analysis.

Section 2 of this report provides an overview of Noosa’s centre hierarchy and the
proposed centre’s role and function within it, and sets out details of the centres in and
near the defined trade area which could potentially affect, or be affected by, the proposed
centre.

Section 3 provides a formal definition of the centre’s expected trade area, the presentation
of socio-economic characteristics of its residents and households relevant to retail
spending and need and demand for retail facilities, population and household forecasts
and estimates of current and future retail spending potential, and other factors likely to
influence its performance and function.

Section 4 sets out our forecasts of the proposed centre’s performance and discusses the
implications of the potential impact of this new centre on Peregian Beach and surrounding
network of centres, together with prospects for amelioration of these impacts over time.
Community and planning need and demand for the centre are then discussed.

 

Needs Assessment, Peregian Beach Centre
13002 Rev 2
19 February 2013