Australian Property News
ACT leads the nation in holiday rental occupancy rates
Posted on Wednesday, July 28 2010 at 1:46 PM
Sixty per cent of ‘smaller’ end holiday rental property managers have forecasted holiday occupancy rates to climb in the next quarter and for the same period in 2011, according to The Occupancy Accommodation Index.
In its survey results, Occupancy.com revealed that the Northern Territory, Australian Capital Territory, Queensland and Western Australian markets are highly optimistic in their forecasts for the next quarter, while New South Wales and Victoria remain cautious.
In the quarter to June, leading the states was the ACT, with a 50 per cent surge in actual bookings from the same quarter in 2009, and well above the 38 per cent national average.
The ACT’s occupancy was 80 per cent, 30 per cent above the national average for the quarter.
The Federal Government leadership change was one of the triggers that recently stimulated travel to the ACT.
The index trends revealed that in NSW the strongest performing regions for holiday rentals were the South Coast, followed by the North Coast, the Hunter Valley and Byron Bay.
It also revealed that:
- the Northern Territory proved most popular with families than other states in the quarter, with 68 per cent of all bookings coming from family units;
- Tasmania was the most popular state for couples (50 per cent of bookings); and
- ACT was the most popular state for single travellers (17 per cent of all bookings).
Follow us on Twitter.
Was this article helpful? Place a link to it from your website, or share it using the button below.
First-timers could soon use super to buy property
How to buy an investment property faster
NSW first homebuyers head west
Housing construction to peak in 2014
Vacancy rates on the rise
Debt reduction before fun when it comes to tax returns