We prepare comprehensive economic analysis that helps our clients make better property, investment and strategic planning decisions. Our analysis is prepared to underpin the robust evaluation of both new and existing policies, programs and projects.
Supply, Demand and Needs Analysis
Whether for preliminary site investigation, detailed due diligence or statutory reporting requirements for development approval, Think Economics has an expert available to prepare detailed assessments of supply, demand and economic need across all key property sectors including retail, residential, health, medical, retirement, aged care, land lease, tourism and childcare.
Think Economics provides detailed market assessments across the entire property sector, including advice on retail, commercial, residential, health, retirement, tourism, and childcare assets. We can create tailored research reports for any location in order to find gaps in markets with key target customers.
Trade catchment analysis and Sales Forecasting
Trade area and catchment analysis provides key insights for businesses, allowing them to better understand where their visitors are coming from, and gain deeper insights into who they are and what they do. This analysis underpins an understanding of both market potential and penetration, and ultimately helps assess how successful your store will be in terms of sales.
Think Economics has extensive experience in retail sales forecasting, with its key Principals having been involved in the delivery, evaluation, and analysis of a significant number of retail centres, developments, and store networks for over 20 years.
Economic Impact Assessment (EIA)
Think Economics prepare detailed Economic impact assessment (EIA) including a formalised analysis of the overall economic impact of an investment project or sector on the National, State and/or local economy.
The output provides a quantitative assessment of the direct, indirect, and induced contributions to economic output, gross value added, incomes and employment. EIA is an important tool for project evaluation and can assist significantly the communication of a project’s economic contribution to both internal and external stakeholders.
Providing flexible, innovative, objective and evidence-based advice.
Population and Demographic Projections
Think Economics prepares population forecasts for States, Cities, Regions, and small area across Australia. These forecasts typically incorporate a macro ‘top-down’ / micro ‘bottom-up’ approach and provide a transparent understanding of the impacts of population change, resource allocation requirements and market opportunities.
Cost Benefit Analysis
Cost Benefit Analysis (CBA) are a critical element within the decision-making process for most State Governments. Think Economics has extensive experience preparing CBA in-line with relevant Treasury business case and economic evaluation guidelines. Let us assist you with your investment business case and help demonstrate if your project’s economic, social, and environmental benefits can exceed its costs.
Peer Review & Expert Witness
As industry sector leaders, Think Economics key Principals having been involved in the delivery, economic evaluation, and analysis of property projects for the last 20 years. We undertake economic need and impact assessments, prepare peer reviews, and assist clients within expert witness statements for court and tribunal matters as required.
Economic Development Strategy
Think Economics has extensive experience across a range of strategy formulation projects including economic development plans, tourism strategies, regional plans, economic needs assessments, business cases and industry studies. We engage and collaborate with a range of multidisciplinary specialists such as town planners, architects, urban designers, and engineers to ensure recommendations are practical, relevant and address regional specific challenges and opportunities.
Machine learning analysis
Application of unsupervised machine learning for customer segmentation and retail clustering. Forecasting analysis employing deep learning algorithms such as Artificial Neural Networks (ANN) and Extreme Gradient Boosting (XGBoost), as well as hybrid models.