2021-12-13 GC Agenda - Item 8 -Attachment 1 - Housing Needs Assessment

2017 to 2019. Figures rose and fell until a low point in October 2020 with 0.1% vacancy. It got up to
8 or 9 vacancies earlier in 2021 but has again dropped to 0.1% by September.
Figure 22 Residential Vacancy Rates 4563 postcode




Source: SQM Research Pty Ltd 2021


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 23 Residential Vacancy Rate 4565 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.


Noosa Housing Needs Assessment 2021                                                          Page 88