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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 - September 2009
Thursday, 08 October 2009 15:32
As mentioned in our June 2009 newsletter, we do not believe the late start to this season is a reflection of the financial crisis but more so the weather patterns as with most other years. We, along with a number of operators, remain optimistic that the remainder of the season will be buoyant and extend into the traditional shoulder months of October/November.
As discussed in our June 2009 newsletter, Permanent and Semi Permanent Park Operators continue to perform well with some seasonal workers Parks having had an indifferent year to date. Again though, in the main this section of the industry has been consistent.
A stabilising global economy and more positive economic outlook has ignited buyer confidence within the Caravan Park Market. Although conditions are still tough investors are learning to accept that these are short term difficulties that will pass. This increasing optimism has allowed the market to gain considerable traction as is evidenced by a number of Parks having either recently sold or now presently under contract.
Whilst the recovery continues we can expect to see interest rates gradually move from their current levels in order to offset the threat of inflation associated with the up shift in economic growth.
Our advice remains the same as in our June 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 are starting to flow back into the market as interest rates and yield gaps engender buyer confidence. 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.
New Website – QTHB now have a new and improved website allowing greater exposure to our clients, through easier navigation and features such as video presentations. To visit our site www.qthb.com.au
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 will continue to be issued on a quarterly basis in order to keep clients better informed of the trends in this continually changing market.