The price paid for the North Star Holiday Resort near Hastings Point on the NSW Tweed Coast is a record for a caravan and holiday park.
The growing demand for more affordable holiday accommodation amid a cost-of-living crisis has fuelled the record sale of a caravan and holiday park near Hastings Point on the NSW Tweed Coast.
Alongside its array of accommodation offerings – from budget to luxury – the North Star resort includes an adventure lagoon water park, licensed café and marine discovery centre. The resort is 45 kilometres north of Byron Bay and 50km south of Surfers Paradise.
The increasing number of Australians buying caravans and tents to explore their own regions as part of a domestic-led tourism recovery has also helped drive up demand for holiday cabins and camping sites. Tasman Holiday Parks is backed by local private equity firm Tasman Capital. Its acquisition of the North Star resort bolts onto a portfolio of 4700 cabins and sites across more than 40 properties.
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