05. Town Planning Report · MCU10/2127

Rana
Viridian Noosa Pty Lid
Research Paper

Advisory
November 2010

Key Findings from Non-Noosa Strata-Titled Resorts

Three locations outside of Noosa were identified as being key tourist destinations with varying
degrees of comparability to the Noosa market; the three markets considered were, Gold Coast,
Northern NSW and Port Douglas/Palm Cove.

Within these markets, 9 major resorts were identified and analysed; a total of 7 resorts, with
combined total dwellings of 943, were selected as most comparable and the management/statf
of these resorts were subsequently interviewed. Only one of the resorts surveyed had permanent
residency restrictions — Peppers Salt. Refer to Appendix — Non-Noosa Established Strata-Titled
Resort Market, for a summary of the findings from the consultation conducted with the resort
management teams.

The conclusions drawn from the interviews with management/key staff members are
summarised below:

e Total number of permanently occupied dwellings: 13 out of 943 total dwellings (i.e. 1.4%)

e Average number of permanently occupied dwellings: 2.16 (per resort) (i.e. 1.6%, when
measured against the average number of dwellings in each resort consulted)

e Range of permanently occupied dwellings per resort: as the high 8 (5.6%), as the low 0
(0%).

The two most comparable resorts out of those surveyed were Palazzo Versace and Sheraton
Mirage, both located on the Gold Coast. High levels of comparability were seen based on the
iconic nature of these resorts, the level of finishes, and the amenities being offered. Due to the
high levels of comparability, extensive consultation was held with the management of both
these resorts. Combined, these two resorts had a total of 8 permanent residents, out of a 126
dwellings that could have been permanently occupied — 6.4%.

10216437_1 - 17 November 2010 7

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