Subscribe to our Newsletter
|
QTHB provides a range of specialist, industry updates and market updates for businesses in our areas of focus. Please complete the form below if you would like to receive more information in regards. |
Latest News
Caravan Park Market Review - June 2010
The commencement of this year’s tourist season was again heavily dependant on the quality of the weather in the southern states compared to that in Queensland. In spite of a lengthy wet season, initial reports suggest that it has been an exceptional start to the 2010 season as Caravanners progressively make their way north.
Read more...Resort News Magazine - Issue June 2010
Most motel owner/operators/managers will tell you they are rarely in the onsite residence. Maybe this is why the motel residence is the most forgotten about, ignored, and neglected, part of many, many motel complexes. In “the good old days” motels were typically built with a lovely 3 or 4 bedroom home above or beside reception where the owner/operators (who were often the one’s having the motel built) were going to live with their children, and operate the motel business as a family concern. The motel was not only built as a place of business but also a home for the family to live and run the operation
Caravan Park Market Review - March 2009
Thursday, 26 March 2009 00:00
Many Tourist Park operators reported an excellent 2008 season, especially those in western outback regions. Each season brings with it different obstacles, this year it’s the global economic crisis, however in spite of this, there has been positive media promotion of the industry as an affordable holiday option in tougher economic times which is excellent to hear. Also on the positive side, fuel prices and the Australian Dollar appear to have come off substantially from their June/July 2008 highs, which should hopefully encourage greater domestic regional travel to northern and outer regions.
Demand for permanent accommodation is unlikely to abate any time soon with Parks of this persuasion in an excellent position during an economic downturn.
To the Caravan Park Market and buyer confidence is continuing to gain momentum as prospective purchasers are buoyed by the RBA’s aggressive rate cuts over the past 6 months to a 45 year low of 3.25%. Although the RBA did not reduce the base rate at its March 3 meeting, analysts believe the RBA has left itself room to move and that a further 0.5% reduction in the next 6 months to 2.75% is not unrealistic. This bodes well for purchaser’s looking to maximise their yield gaps, however banks continue to be the major stumbling block in stifling this confidence as they refuse to loosen their squeeze on lending. This reluctance from banks to lend should hopefully weaken over the remainder of 2009 allowing the market to continue gaining traction.
Our advice remains the same as in our December newsletter – if you’ve considered selling in the last year or envisage selling in the next 12 months then the time to act is NOW! There’s limited quality product in the market at present and yet as discussed more buyers will continue to flow back as interest rates decrease and buyer confidence returns. Therefore those Parks for sale now will have a greater chance of selling as opposed to those competing with an increase in product in the next 12 months – a case of supply and demand.
For any owners wishing to discuss the market at present or for an obligation free appraisal on the value of your Park please do not hesitate to call one of our experienced brokers.
Market Updates are issued on a quarterly basis in order to keep clients better informed of the trends in this continually changing market.