Caravan parks are in hot demand
Better Loan Solutions in Mornington Peninsula • Learning Centre • Insights
Better Loan Solutions in Mornington Peninsula • Learning Centre • Insights
According to Ray White, 2023 saw $114.06 million changing hands across the country for caravan assets, following a peak in 2022 when over
$300 million was transacted. However, in 2024, sales of mixed-use holiday parks— which offer cabins as well as caravan sites—have already
exceeded $100 million.
Ray White Group Head of Research, Vanessa Rader, said there is a lot of interest in the sector, stating that “Northern NSW was a key
location of interest together with smaller offerings in Queensland and Western Australian regional markets.”
Ms Rader said yields for these assets are mixed, with a wide variation of assets available depending on location and their features. “This
year, transactions have ranged from as low as 6 per cent to upwards of 9.5 per cent, with private investors, family offices, and
operator/occupiers the most active buyer groups,” she said.
She commented that investors have been interested in the sector because of the low start-up costs and potential for high returns. “The drive
holiday market grew in popularity during the pandemic as travel movements were restricted,” she said.
“Post-pandemic we continue to see strong occupancy levels with the flexibility and relatively low cost attractive to many travellers. A
growing ‘grey nomad’ sector in Australia has seen many retirees increase visitor nights, together with remote workers, however, couples and
families still remain the largest occupier group with the ability to bring pets an added bonus.”
Ms Rader said occupancy has also been growing steadily, and in fact, “high in April achieving 59.8 per cent in NSW and 64.9 per cent for
Victoria, down from January highs of 73.7 per cent and 71 per cent respectively,” she said. “Some of the smaller markets have also seen
quality results, with Tasmania seeing occupancy reach 80 per cent earlier this year, while both Western Australia and South Australia saw
occupancy around 60 per cent this last month and set new highs in revenue per site.
“Supporting the growth in occupancy anticipated for these destinations, has been the continued uptick in caravan registrations. In 2023,
765,150 caravans were registered in Australia growing 5.3 per cent in the last year, campervans also growing registrations by 4.9 per cent
highlighting the ongoing requirement for holiday facilities such as caravan parks.”
Having more choices allows careful consideration, ensuring your selection meets your requirements. With the extra time, consider organizing
finance in advance with the assistance of a finance broker.
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The final session focuses on the changing legal environment, highlighting recent amendments to the Fair Work Act, capturing independent
contractors under workers' compensation schemes, payroll tax considerations, superannuation compliance, and practical steps to mitigate
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In the third session, we'll delve into superannuation guarantee changes, including proposed changes to payday superannuation, new rates and
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Master allowances and reimbursements, understand their PAYG and super guarantee implications, and learn to navigate travel vs.
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