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Retail and Commercial Strategy 2012 Update

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Retail and Commercial Strategy 2012 Update GLADSTONE REGIONAL COUNCIL RETAIL AND COMMERCIAL STRATEGY 2012 UPDATE Client: Gladstone Regional Council PO Box 29 Gladstone QLD 4680 Prepared by: ABN 59 111 542 673 Level 1, 22 Sanders Street UPPER MT GRAVATT, QLD, 4122 Ph: (07) 3422 2011 Fax: (07) 3422 0899 July, 2012 10004 / 12 Rev A CONTENTS SUMMARY ............................................................................................................. V 1 INTRODUCTION ............................................................................................. 1 1.1 Purpose of Report ............................................................................................................................. 1 1.2 Methodology ...................................................................................................................................... 1 1.3 Report Structure ............................................................................................................................... 2 2 OVERVIEW OF THE GLADSTONE REGION ................................................ 4 2.1 Gladstone Regional Council ............................................................................................................. 4 2.2 Strategic Economic Overview .......................................................................................................... 4 2.3 Overview of Existing Planning Schemes ......................................................................................... 6 2.3.1 The Gladstone Plan ........................................................................................................................ 7 2.3.2 Calliope Shire Planning Scheme .................................................................................................... 8 2.3.3 Planning Scheme for Miriam Vale ................................................................................................. 8 2.3.4 Summary of Planning Scheme Comparisons ................................................................................. 9 3 GLADSTONE’S RETAIL NETWORK ............................................................10 3.1 Retail Network Defined .................................................................................................................. 10 3.2 Retail Provision of Gladstone City Council 2004 ......................................................................... 11 3.3 Retail Provision of Gladstone Regional Council 2010 ................................................................. 12 3.3.1 Former Gladstone City LGA ........................................................................................................ 13 3.3.2 Former Calliope Shire .................................................................................................................. 20 3.3.3 Former Miriam Vale Shire ........................................................................................................... 21 3.4 Changes to the Retail Network of Gladstone City, 2004–2010 ................................................... 24 3.5 Specialised Retailing Precincts ....................................................................................................... 25 3.5.1 Bulky Goods Retailing Precincts ................................................................................................. 25 3.5.2 Dining and Entertainment Precincts ............................................................................................. 26 3.6 Network Performance ..................................................................................................................... 27 3.7 Other Centres in the Wider Region ............................................................................................... 29 3.8 Proposed Retail Development ........................................................................................................ 30 3.9 Benchmarking the Gladstone Region’s Floorspace Provision .................................................... 33 3.10 Implications for the Sustainable Planning Act 2009 .................................................................... 34 4 MARKET FUNDAMENTALS .........................................................................37 4.1 Historic Regional Population Growth ........................................................................................... 37 4.2 Gladstone Regional Catchment Defined ....................................................................................... 38 4.3 Population and Households ............................................................................................................ 40 4.4 Gladstone Regional Catchment Socio–economic Characteristics............................................... 44 4.5 Retail Expenditure Potential .......................................................................................................... 51 4.5.1 Average Household Retail Expenditure ....................................................................................... 51 4.5.2 Growth in Retail Spending Potential ............................................................................................ 52 5 STAKEHOLDER CONSULTATION ...............................................................56 5.1 Approach ......................................................................................................................................... 56 5.2 Key Issues Raised by Respondents ................................................................................................ 56 5.2.1 Sunday Trading ............................................................................................................................ 56 5.2.2 Existing Retail Provision .............................................................................................................. 57 5.2.3 Escape Expenditure ...................................................................................................................... 57 5.3 Comments on Other Issues ............................................................................................................. 57 5.3.1 CBD Role and Function ............................................................................................................... 57 5.3.2 Dining Precinct ............................................................................................................................. 58 5.3.3 Bulky Goods Retail Provision ...................................................................................................... 58 5.4 Local Issues ...................................................................................................................................... 58 5.4.1 Boyne Island/Tannum Sands ........................................................................................................ 58 5.4.2 Agnes Water – Seventeen Seventy ............................................................................................... 59 5.5 Summary .......................................................................................................................................... 59 6 TRENDS IN AUSTRALIAN RETAILING .......................................................60 6.1 Drivers of Retail Changes ............................................................................................................... 60 6.1.1 Labour Force Participation ........................................................................................................... 60 6.1.2 Changing Family Structure .......................................................................................................... 61 6.1.3 An Ageing Population .................................................................................................................. 61 6.1.4 Lifestyle Changes ......................................................................................................................... 62 6.2 Changing Retail Formats ............................................................................................................... 63 6.2.1 Bulky Goods/Retail Showroom Centres ...................................................................................... 63 6.2.2 Factory Outlet Centres ................................................................................................................. 64 6.2.3 Hardware Megastores ................................................................................................................... 65 6.2.4 Internet Retailing .......................................................................................................................... 65 6.2.5 Recent Market Entrants ................................................................................................................ 66 Retail and Commercial Strategy, Gladstone Regional Council 10004/12 Rev A July, 2012 ii 6.3 Centres and Community and Social Interaction Goals ............................................................... 68 6.4 Summary and Implications for the Gladstone Region’s Retail Hierarchy ................................ 70 7 FUTURE DEMAND FOR RETAIL FACILITIES IN THE GLADSTONE REGION ................................................................................................................71 7.1 Estimated Future Floorspace Demand .......................................................................................... 71 7.1.1 Per Capita and Threshold Based Forecasts .................................................................................
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