Below are the latest Poker Machine Authority Results (Tender #24) for the tender that closed on 10 July 2013:
- $77,398 – South East (down from $78,468 in March 2013 – or 1.36%)
- $51,838 – Coastal (down from $52,694 in March 2013 – or 1.62%)
- $44,722 – Western (up from $31,092 in March 2013 – or 43.38%)
Read on for some expert insights into the state of the market from Steve Gagel, Partner of Business Services at leading Accountant HLB Mann Judd:
Significantly, this tender was the first since November 2006 to clear all pools in all regions. Back in November 2006, the authority average values per region were $283,293 for Southeast, $164,929 for Coastal and $74,966 for Western. I was a little surprised there was not any growth in both the South East and Coastal Regions – but expect values to march upward from here. If you follow the trend in the Western Region, it has shown growth of 78% in that market from when it was last oversupplied (March 2012).
With the fall in the dollar and the election to settle down the domestic economy, I feel that the hospitality industry is about to go through another resurgence, albeit slow and patchy in the next short while.
Please CLICK HERE to view the results for the last 6 Poker Machine Authority tenders.
For more information on the Poker Machine Authority results contact Steve Gagel on 07 3001 8887 or email [email protected].
For more information on how these results impact your current business financial position contact Daniel Green on 07 3899 2866 or email [email protected].