OVER DEVELOPMENT – NO NEED
It is clear, based on the estimated forecast demand of the experts that we are at a real risk of
over development in visitor accommodation
over supply of visitor accommodation
falling profits to invested capital ratio
falling occupancy rates
Therefore, even in the context of accommodation, there is simply no need for this multi- storey development and resort hotel at Shute Harbour.
EMPLOYMENT – NO NEED
Construction phase – builders just aren’t sitting around waiting for work
Add ons – accommodation. The growing trend is for this to be supplied in house – that is large development groups are securing their own properties and providing accommodation
Post construction – Resort and Marina facility staff - insignificant in number and housing affordability is affecting staff availability anyhow Super Yacht facilities– there are numerous Super Yacht facilities from Cairns to Brisbane and there is no need to duplicate facilities already existing in Airlie Beach at Meridian and furthermore there are major issues for super yachts accessing this marina in terms of both draft and conflict with other users. The real value in this market is the refit market and remote locations are not generally chosen for this purpose. A bit of provisioning and short term visitation or even long term storage could not justify the provision of the major infrastructure needed.
An excerpt from a presentation prepared and delivered by Shutehaven Residents Assn September 2007