Sale prices for some quality coastal holiday parks have doubled in the past 18 months due to surging investor interest in the domestic tourism growth story, while increases of more than 30 per cent are par for the course.
Other factors contributing to the boom include the rise in popularity of manufactured housing estates – also known as lifestyle communities – higher park earnings and the shortage of investment-grade assets.
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Martin Kelly is a property reporter based in Sydney covering all aspects of commercial and residential real estate including major deals, market trends and developments. Email Martin at martinkelly@afr.com
