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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 - December 2009
Wednesday, 24 February 2010 14:40
Increasing optimism allowed the Caravan Park Market to gain considerable traction throughout the last half of 2009 and this is evidenced by a number of Parks having either recently sold or now presently under contract.
In comparison to other markets over the past 2 years, yields for Parks have remained relatively strong. As an average Coastal Parks have recently attracted yields in the range of 11% (a 1%-1.5% shift from their sub 10% highs of 2006) whilst the further west you go Park yields have shown a more noticeable shift in favour of buyers.
A positive economic outlook should see a continual increase in buyer enquiry and confidence within the Caravan Park Market throughout the course of 2010. Bank lending conditions for 2010 will remain tough, whilst we can also expect to see interest rates move in an upward trend as the economic receovery continues. Economists predict we could see the RBA increase rates to 5.5% by the end of 2010 to offset the threat of inflation associated with the up shift in economic growth (currently the RBA base rate is 3.75%).
We envisage the Caravan Park Market will hold its own in 2010 as demand will counteract the negative impact of increasing bank interest rates and thus keep yields /returns at current levels.
To our valued client's we wish you a happy and prosperous 2010.
New Website - QTHB now have a new and improved website allowing greater exposure to our client's, through easier navigation and features such as video presentations. To visit our website visit 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 hesiate to call one of our experienced brokers on 07 4953 1611.
Market updates will continue to be issued on a quarterly basis in order to keep clients better informed on the trends in this continually changing market.