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Demand strong for holiday homes
An increasing number of Australians are hoping to take a holiday in 2011, suggesting consumer confidence has returned.
New research by RE/MAX WA revealed that enquiries and bookings for short term holiday accommodation have increased by more than 80 per cent.
RE/MAX WA managing director Geoff Baldwin said in 2010 the average uptake for holiday accommodation was only 15 per cent or around 48 days, however some homes are already assured of exceeding that total and will likely more than double it by December.
“This lift in demand for holiday rentals will also attract buyers back to the market after it being pretty much neglected for the past three years,” Mr Baldwin said.
“Holiday homes are one of the hardest hit sectors when the economy suffers a downturn, however it is also one of the quickest to recover hence there are currently some attractive opportunities for investors who take the plunge as the market again heads northwards."
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