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

Figure 22 Residential Vacancy Rates 4567 postcode




Source: SQM Research Pty Ltd 2021



        The 4567 postcode covers Noosa Heads, Sunshine Beach, Sunrise Beach and
        Castaways Beach. It shows quite regular dips and low vacancy rates every November-
        December with vacancy rates higher in the middle of each year. This postcode was
        most affected by the decrease in tourist number in the period of March-May 2020 when
        the vacancy rate jumped to 6.8% (116 vacancies) suggesting the temporary shift or
        properties from short-term rental to permanent rental. The vacancy rate dropped
        sharply over the next couple of months and in the 12 months from July 2020 vacancy
        rates ranged between 1.3% and 0.4%, sitting at 0.6% in June 2021.


Appendix 9 Noosa Plan 2020 extract provisions

Strategic Intent
Regional context
        The Shire serves as a domestic and international tourism destination with particular
        emphasis on nature-based recreation opportunities. Tourism and retail are significant
        contributors to the local and regional economy and these provide a strong platform of
        leverage for other parts of the economy…
        Noosa Shire has an estimated residential population of 55,873 (as at June 2019) which
        swells considerably during holiday periods to well over 70,000 people..


A well managed and sustainable Noosa Shire
        Noosa Shire is one of the most desirable places in the world to live and is an
        internationally recognised tourist destination…These long standing values and
        principles have shaped the development of Noosa Shire and have been the foundation
        of Noosa's planning schemes.
        Noosa Shire has been shaped not only by nature but also by the actions of passionate
        and creative residents, developers, community groups, and planning and design
        professionals. Noosa Shire is a community that values, preserves and builds upon its
        core values…

                                                                                      pg. 173
Noosa Council Monitoring Report 2022/23