Growth to retail essential to stop dollars 'escaping'

LOCAL BENEFITS: The design for the proposed Noosa Civic expansion.
LOCAL BENEFITS: The design for the proposed Noosa Civic expansion. Contributed

ALMOST $400 million of Noosa's annual retail spend is "leaked" to other major shopping outlets like Maroochydore and online.

That is according to Queensland Investment Corporation as part of its pitch to Noosa Council for its major expansion application.

The original report argued that a greater range of products was a major factor in a 37% overall loss of local retail spend in 2014, with 57% of specialty apparel being purchased outside the shire. The QIC consultant claimed the main trade area market share of about 10%, with Noosaville and Weyba Rd, excluding the Civic, making up more than 20% of the retail take.

"Escape spending is very high at 37% of retail spending, clearly demonstrating that existing facilities and services in the trade area are not fully satisfying the market."

The QIC report argued there was "a need for Noosa to provide a critical mass of specialty stores".

"The provision of discount department stores is well below the normal provision for markets like Noosa, with a substantial population base and shopper profile and a strong tourist market."

The QIC report said local supermarket trading was performing strongly, which demonstrated an undersupply that could be met by the Civic's expansion.

"Growth in the retail market is forecast at $271 million between 2014 and 2021, excluding inflation," the submission read.

"Under current circumstances, around $100 million of this growth would be spent outside the trade area.

"There is clearly potential to claw back some of this leakage with further retail development in Noosa."

The QIC asserted its present approach to local procurement for its Civic operations had also resulted in a $2 million injection into the local economy.The centre also currently employed 952 people in permanent, part-time or casual positions, which would increase by 800 should the Noosa expansion go ahead as planned.

"The current application seeks to improve the diversity and range of facilities available to the community at the centre with the addition of two supermarkets, a discount department store and a greater variety of food and specialty stores," the QIC submission read.

"Over time, it will enhance the prospect of the Noosa business centre providing an even greater diversity of uses to meet the needs of the community.

"The development will also provide a useable interface with the natural environment with the creation of a diverse civic space at the entrance to the new development."

There would also be vegetated arbour along the frontage.

"I trust that the current proposal, along with the QIC's initial investment in the site of $200 million, demonstrates to council that QIC is committed to the site and its ongoing, long-term improvement," the submission read.



Topics:  noosa civic noosa council

Stay Connected

Update your news preferences and get the latest news delivered to your inbox.

Families land new home but some want to stay on

MOVING ON: Johns Landing permanent residents Snow and Wazza are still looking to relocate somewhere.

Johns Landing resettling in full swing

Council on same page for marriage

EQULITY VOTE: Cr Glasgow who moved motion with LGBTI supporters following the council's marriage equality decision.

Noosa Council votes for equality

Local Partners

Ninja Warrior airs clips of dead contestant Johann Ofner

CLIPS of a Ninja Warrior contestant who died before the series aired were shown during the final, leaving viewers confused.

Meet 7 of the Fraser Coast's most eligible bachelors

Fraser Coast eligible bachelor - Bobbi Depp.

Are you single and looking for love?

Justin Bieber speaks after cancelling 14 concerts

Helal’s selfie with Bieber

So is he starting his own church or not?

Kendall Jenner's raunchy pose could breach standards

Kendall Jenner

Other celebs including Rita Ora, Bella Hadid posted similar shots.

The best and worst reality TV coming

Matty J in a scene from episode two of The Bachelor.

Reality TV bonanza as Hell’s Kitchen, The Block and Survivor launch.

Singer Dr G. Yunupingu dies aged 46

World famous blind Aboriginal singer Dr G. Yunupingu passed away in Darwin yesterday. Picture: Supplied.

“Today we mourn the loss of a great Australian..."

Beers, spirits and 131 years of history up for grabs

The 131-year-old General Gordon Hotel is on the market with all of its quirks included.

Pub with good beer and "lovely food” for sale 20 minutes from town

Tenant: Let me rent, I'll fix your property and pay for it

Noosaville tenant Tony Conyers thought his tenancy was guaranteed until 2035, so he spent his own money on the property. Now he's been told he may not be able to stay for even one more year.

Renter spent $30k on maintaining, improving property over 17 years

TENANTS FROM HELL: See the mess left by evicted couple

DISGUSTING: Mess left by evicted tenants. Owner of the Mongogarie property Christine Beatty has been left at least $5000 out of pocket.

Couple were 'living large' while not paying their rent

How Gladstone's cheapest and most expensive homes stack up

SPECTACULAR: This home on Springs Road, Agnes Water, is selling in the mid-$2 million range.

With the market currently low, now is the time to invest.

'We’re goin' to Bonnie Doon!' and now you can too

How's the serenity?

The experience will have you exclaiming “how’s the serenity?”

Ready to SELL your property?

Post Your Ad Here!