2022-11-14 GC Agenda - Item 4 - Attachment 2 - Appendix 13 to Attachment 1

NOOSA SHORT STAY ACCOMMODATION ECONOMIC & SOCIAL ASSESSMENT


Table 2.5. Short Term Rental Dwelling Supply – Number of Dwellings, Noosa, Low Density Residential Zone
    Dwelling Type              April 2020      October 2022   % Change
    Apartment                       50             50            0.0%
    Duplex                          27             19           -29.6%
    House                          690             813          17.8%
    Townhouse                       21             13           -38.1%
    Secondary Dwelling              17             10           -41.2%
    Guest Suite                     41             43            4.9%
    Total Dwellings                846             948          12.1%
Source: Noosa Shire Council (2020 and 2022).

A breakdown of short term rental dwelling supply by location in April 2020 and October 2022 across all zones is
presented in Table 2.6 below, while LDR zones are presented in Table 2.7. These tables highlight that:

•      Consistent with supply and demand trends from AirDNA data presented in section 2.2.1, Noosa Heads is the
       primary market for short term rental dwellings, accounting for 43.6% of all dwellings available for short term
       rent in October 2022. Noosaville (26.8% in October 2022) and Sunshine Beach (11.9% in October 2022) are
       the next two largest markets.

•      Hinterland (65.2%) and Sunrise Beach (27.7%) recorded the largest increase in dwellings available for short
       term rent (all zones) between April 2020 and October 2022, while Peregian Beach (-11.9%) and Tewantin (-
       4.5%) recorded the largest contractions.

•      In terms of dwellings available for short term rent in LDR zones, supply by location is considerably more
       dispersed.

•     Hinterland (269.2%), Sunrise Beach (88.9%), Sunshine Beach (34.4%) and Marcus Beach-Castaways Beach
      (23.9%) all recorded strong increases in the number of dwellings available for short term stay in LDR zones
      between April 2020 and October 2022.


    Key Findings
    The increase in dwellings available for short term stay between April 2020 (just prior to the introduction of
    NP2020 making short term accommodation an inconsistent use in LDR zones) and October 2022 suggests that
    NP2020 has not detrimentally impacted on market supply to meet tourism demands. Further, it must be noted
    that there are likely other factors impacting the tourism market (in particular COVID-19, border closures and
    lockdowns) that have influenced supply and demand over the past two and a half years.




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