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

2.3.4 Housing Tenure
Noosa had a higher than average rate of outright home ownership than the rest of Queensland
as shown in Table 8 in Appendix 2. The HNA 2017 identified the tenure composition in Noosa
Shire, stating:
       Noosa Shire had a considerably higher proportion of dwellings owned outright (37.0%)
       when compared to the SEQ Region (29.0%) and the State (29.7%). Fewer people were
       paying off a mortgage (32.0%) compared to the SEQ Region (36.6%) and the State
       (35.4%). Dwellings in Noosa were less likely to be rented (29.5%) compared to the
       SEQ Region (33.5%) and the State (34.0%).


2.3.5 Rental Stock - Bonds held by RTA 2011-2016
4,378 rental bonds were held by the Rental Tenancies Authority (RTA) in the June
Quarter in 2016. The graphs are shown as Figures 1 – 2 in Appendix 2. Overall, the
number of rental bonds slowly decreased between 2011 and 2016.
       The number of total bonds held by the RTA had slowly increased to a peak of around
       4,800 bonds in March 2013 (from 4,460 in March 2011), but have generally decreased
       slowly since that time.
Showing a similar trend, the numbers of new bonds lodged per quarter slowly declined since
2011 for the main dwelling types. The number of new bonds lodged per quarter for two
bedroom flats, three bedroom houses, and four bedroom houses slowly declined.
The highest number of rental bonds held in June 2016 were for three bedroom houses,
followed by four bedroom houses. Two bedroom flats were the next most frequent type of
rental property.
2.3.5.1 Median Rents by Housing Type
Median rents for all dwelling types steadily rose between 2001 to 2014, more than doubling in
that time frame for both flats / units and houses. From 2014-2016 rents continued to trend
upwards as shown in Figure 3 in Appendix 2. The HNA2017 stated:
       More recent data from the Residential Tenancies Authority (RTA) (2016) shows that
       median rents for most dwelling types have continued to trend upwards in the last two
       and a half years. The most commonly rented dwellings are two bedroom flats, three
       bedroom houses and four bedroom houses. …
       Noosaville (including Munna Point) and Noosa Heads and Southern Coast had the
       highest median rents for all of the dwelling types.


2.3.5.2 Rental Vacancy Rates
Between 2010 and 2016 the HNA2017 identified rental vacancy rates in Noosa as
progressively trending down from 4-5% in 2010 to around 1-2 % in 2016 as shown in Figure 4
in Appendix 2.


2.3.6 Dwellings Sales Data
Dwelling sales data in the HNA2017 between 1998 and 2015, stated Noosa remained higher
that the state median dwelling sales price as shown in Figure 5 in Appendix 2. The HNA2017
stated:
       The median dwelling sale price in Noosa Shire rose by an estimated annual average
       rate of 1.8% between 2005 and 2015. This is slightly lower than the State where the


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Noosa Council Monitoring Report 2022/23