Investment Facts

The lack of supply in local accommodation has meant that most hotels have been experiencing record high occupancy levels. Geraldton’s undersupply of rooms has been a problem for many years and only seems to be worsening. Contributing factors include growing tourist numbers, an influx of contract workers and a rapidly increasing population. This has already caused room rates to rise, but more importantly this seems set to continue. The result will be further growth in rental income for investors.

While the existing hotel competition remains tired and dated, Quality Edge Resort Geraldton upon completion will be one of the few purpose built modern accommodation facilities in town.

The vast majority of accommodation in Geraldton is more than 20 years in age, however, these operators are still obtaining healthy room rates and occupancy levels. The Mantra in Geraldton is the only modern hotel in operation at present which also achieves room rates well over $200 per night for a one bedroom apartment. For reference of room rates we suggest reviewing rates on wotif.com.

Quality Edge Resort Geraldton will be superior to its competition in many ways. As a result this should see it demand higher than average room rates and occupancy levels.