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

NOOSA SHORT STAY ACCOMMODATION ECONOMIC & SOCIAL ASSESSMENT



TABLE OF CONTENTS
DOCUMENT CONTROL .......................................................................................................................................... I

EXECUTIVE SUMMARY ........................................................................................................................................ II

TABLE OF CONTENTS .........................................................................................................................................V

1.      INTRODUCTION............................................................................................................................................ 1

1.1         BACKGROUND .............................................................................................................................................. 1

1.2         APPROACH .................................................................................................................................................. 1

2.      MARKET ANALYSIS..................................................................................................................................... 2

2.1         VISITOR DATA .............................................................................................................................................. 2

2.2         SHORT TERM RENTAL DWELLING DATA .......................................................................................................... 6

2.3         PROPERTY MARKET DATA ........................................................................................................................... 14

2.4         ADDITIONAL TOURISM ACCOMMODATION SUPPLY .......................................................................................... 18

3.      CASE STUDY – ECONOMIC AND SOCIAL CONTRIBUTION OF SHORT STAY VS PERMANENT
        RENTAL ...................................................................................................................................................... 19

3.1         ECONOMIC CONTRIBUTION.......................................................................................................................... 19

3.2         SOCIAL CONTRIBUTION ............................................................................................................................... 22

4.      IMPACT ASSESSMENT.............................................................................................................................. 23

4.1         ECONOMIC IMPACTS ................................................................................................................................... 23

4.2         SOCIAL IMPACTS ........................................................................................................................................ 23

4.3         POTENTIAL AMENDMENTS ........................................................................................................................... 24

REFERENCES...................................................................................................................................................... 25

APPENDIX A: ADDITIONAL DATA ..................................................................................................................... 26

APPENDIX B: INPUT-OUTPUT METHODOLOGY .............................................................................................. 37

APPENDIX C: ECONOMIC IMPACT MODELLING ASSUMPTIONS .................................................................. 40




                                                                                                                                                                       v