| <<Back to News Contents Table
Caravan Park Market Review ( 09/08/2004 )
The season for most Caravan Park owners particularly in the north,
would seem to have started a bit later than normal, with some of the
parks reporting the season commencing approx 4-6 weeks later than the
previous year. For most other park owners it seemed to start at Easter
whilst that was earlier this year, but then slowed a little before
gaining momentum again.
The good news is though, the season is in full swing now and most
operators expect a good season despite the continuing hike in fuel
prices that appears to be with us for some time in the future.
Enquiry levels and sales of Caravan Parks over the last 12 months has
been extremely buoyant. Not surprisingly, most buyers are southern
based (New South Wales, Victoria, Tasmania, New Zealand etc), are
chasing a lifestyle change, are generally over 50 years of age and are
first time operators.
But having said that, we have been working very closely with a few
major Groups that are looking to buy a number of Caravan Parks, but
generally speaking they must be located on or near the coast and
showing reasonable returns under their management.
The good news for Caravan Park owners is that yields have come down
over the last 12 months, therefore pushing up sale prices. This may
change slightly with the end of the season approaching and a likely
increase in interest rates, but it will only be marginal.
The simple fact is there are many more Buyers wanting to buy than
there are Sellers wanting to sell at the moment.
|
