Queensland is the nation’s new interstate migration capital…
QLD has overtaken Victoria to become the nation’s interstate migration capital, with a net interstate migration gain of 24,000 people in the 12-month period to March 2018 (or 2,000 people per month).
The most common move between states was from New South Wales to Queensland.
Experts say Queensland’s improving economy, standard of living and relatively affordable housing market are driving the surge in interstate migration.
In addition, to the migration north…Domestic Visitors to QLD (year ending June 2018) was 22.5 million, with 7.1 million of those, coming to Brisbane.
In June 2018, the NSW government introduced a 180-day cap legislation for short term rentals in Sydney, based on the affordability for long term rentals.
Since this time, occupancy rates in Sydney hotels have surged to close 90 per cent, with an average room cost of $237 per night & the average nightly cost to hit $346 by 2025.
Brisbane City Council announced an infrastructure incentive, to encourage developers of four and five star hotels to build in Brisbane.
With this, Brisbane has had a hotel boom with more than 4000 hotel rooms opening since 2014, a further 1500 will open in 2018 and at least 1600 more will available by 2022.
The result of this Brisbane hotel boom has brought decreased occupancy rate and cheaper rooms.
Queensland Tourism Industry Council chief executive Daniel Gschwind said the commercial hotel industry also had competition from Airbnb, Booking.com & HomeAway (Stayz).
“They are a far more prominent player now in short-term accommodation”
SleepOver Brisbane is emerging in Brisbane as a predominate player for short term accommodation, using Airbnb, Booking.com + HomeAway.
“Guests want more than a room. Our air-conditioned apartments + houses have a full kitchen, lounge room, unlimited Wi-Fi, Netflix on the Smart TV’s, fluffy towels + cotton linen and much, much more….
By providing properties throughout Brisbane suburbs, guests get a feeling of living in Brissie & being able to live like a local, instead of a room-only, generally based in the CBD. We consistently see return guests staying at our properties.”
With 25+ years’ experience in leading restaurants + 5* hotels, in Sydney, London, Whitsundays & Brisbane, SleepOver Brisbane’s management exceed at providing the highest level of service.
What are you waiting for…it’s beautiful one day…. perfect the next!
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*Sources: News.com.au / Tourism & Events Queensland / Financial Review