01 Dec 2023
Words John Miller Resort News
ResortBrokers Management Rights Report 2023 launch
Brisbane’s Calile Hotel saw a packed house of management rights industry stakeholders for the breakfast launch of ResortBrokers Research’s Management Rights Report 2023 on Friday, November 10.
The capacity audience of industry specialist lawyers, developers, accountants, valuers, and brokers, as well as several operators, were welcomed by emcee, ResortBrokers Director of New Developments & Hotels Tim Crooks, followed by the keynote presentation by ResortBrokers Director Alex Cook and ResortBrokers Property Economist Josh Mangleson, the report’s principal author who heads up ResortBrokers Research.
Management Rights Report 2023 builds on ResortBrokers Research’s inaugural 2022 report, which was the first ever quantitative analysis of Australia’s management rights sector. For this year’s report, ResortBrokers Research surveyed over 400 management rights operators across Australia with the assistance of peak industry body ARAMA, and analysed management rights sales data of its own, as well as sales data provided by the two leading management rights valuers in the industry, AccomValuers and Australian Valuers.
The key takeaway from this year’s report is the size of Australia’s management rights industry. ResortBrokers Research estimates the sector is worth an estimated $8 billion, $3.2 billion more than reported in 2022, with approximately 286,000 lots under management rights.
“We’re now able to provide a more granular picture of Australia’s management rights sector than our inaugural report,” said Mangleson. “The buy-in from our new data partners, ARAMA, AccomValuers and Australian Valuers, as well as the expansion of our own research competencies, means we now have a more statistically reliable sample size than that used for our 2022 analysis.” END