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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 2008
Thursday, 18 December 2008 00:00
Much of this increased confidence has come about as a result of the Governments Economic Stimulus Package announced in October and the RBA’s aggressive rate cutting over the past three (3) months from an eleven (11) year high of 7.25% to a seven (7) year low of 4.25%.
Generally though, the Caravan Park Market has been subdued throughout 2008. This is not surprising given the tumultuous year experienced globally and consequently within our local economy.
Moving forward to 2009 and the outlook is much more promising. Many analysts believe the economy is front loaded with stimulus that should spur economic activity, which is likely to gain traction in early 2009 – particularly if as they predict there are further interest rate cuts. We’d envisage that banks will play a big part in restoring business activity and confidence provided they loosen their squeeze on lending whilst also passing on rate cuts to business borrowers who have to date only seen about a 2% fall since their peak in August (again after the RBA has reduced official rates by 3%).
The industry itself continues to perform exceptionally well and this is likely to continue which will hopefully buoy buyer confidence within the Caravan Park market. The positive media promotion the industry has received of recent times, as an affordable holiday option in tougher economic times, will no doubt help garner interest.
Our advice - 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 will continue to be issued on a quarterly basis in order to keep clients better informed of the trends in this continually changing market.