2022-11-14 GC Agenda - Item 4 - Attachment 1 - Short Term Accommodation Monitoring Report 2022

Figure 20 Residential Vacancy Rate 4565 postcode




 Source: SQM Research Pty Ltd 2021

The HNA2021 states:
The 4565 postcode covers Tewantin and Boreen Point as well as Noosa North Shore,
Cooroibah, Cootharaba and Ringtail Creek. From 2016 to 2019 there was between 15 and 30
rental vacancies at any time with peaks up to 44. In April 2020 there was an increase in
vacancy rate from 1.5% to 2.6% showing COVID19 lockdowns had some immediate effect.
Since then however, there has been a sharp fall in vacancy rates through mid 2020 hovering
between 0.2% and 0.5% for close to a year.


Figure 21 Residential Vacancy Rate 4566 postcode




Source: SQM Research Pty Ltd 2021

    The 4566 postcode covers Noosaville. A trend of lower vacancy rates correlating with
    Christmas each year suggests an impact of tourism and shift of rental properties into the
    short-term accommodation market. However, in April 2020, when international and
    domestic borders were closed due to Covid-19, rental vacancy rates peak at 5.3%
    suggesting a temporary shift of short-term accommodation properties into the permanent
    rental market.
    Vacancy rates then dropped sharply to lows of 0.1% in September and November 2020
    with a slight rise in February and March 2021 then back to 0.2% in June 2021.




                                                                                      pg. 172
Noosa Council Monitoring Report 2022/23