NSW Central Coast holiday market booming

Jonathan ChancellorDecember 8, 2020

On the NSW Central Coast the rental holiday market was booming as more Sydneysiders make it their destination of choice for short stays and longer getaways, according to Brett Hunter, Principal of Raine & Horne Terrigal-Avoca Beach.

“We have secured a 20% increase in revenue for our owners over the last six months, and this proves the strength of the Central Coast holiday market,” he suggests.

“The Central Coast usually has a bumper crop of holidaymakers at Christmas time, with 100% occupancy of holiday properties during the two-week Christmas / New Year period.

“Knowing we can’t improve on a 100% result, we instead have focussed on helping people extend their stays before and after the Christmas period, as well as assisting them with shorter stays of perhaps three or four days on multiple occasions,” he added.

Hunter says two-bedroom holiday units in Terrigal, within walking distance to the beach, rent for $1,000 a week over the holiday period, while at the other end of the market, four- and five-bedroom homes with pools and landscaped gardens can rent for up to $15,000 a week.

“In the last two years, domestic holiday rentals have really taken on a new lease of life, and Tourism Australia has done a great job during this time by promoting local holidays to Australians.

“This has added economic value when you consider that in some cases, up to 100% of the weekly tariff can be spent again on local services such as food, holiday activities and even petrol for the car."

 

 

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

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