By Rowland Hill
Some sobering, salient points from Rowland:
Noosa’s Short Stay Accommodation sector is laying golden eggs for a few, mostly distant investors, while distorting the economy, including the housing sector, some restaurants and health providers unable to operate at full capacity.
Comparing STA statistics from Noosa with the average of 43 European cities surveyed by the United Nations* shows the depth of SSL’s entrenchment and impact here.
Noosa’s STA density – the ratio of Short Stay to total dwellings – is three times the average for the European cities.
Noosa’s STA occupancy rate in 2022 was 29 per cent higher than the European average, and much higher at peak times.
Noosa’s STA owners’ rent collection as a proportion of Gross Regional Product is five times higher than Europe’s average.
Read so much more at: https://noosamatters.com.au/noosa-sta-a-handful-of-winners-but-most-of-us-lose
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