Caravan parks across the country are being eyed off by developers with a keen eye for an alternative asset class as the property market booms and landlocked cities become the norm.

The sale of these classic family holiday destination coincides with a renewed interest in caravans and campervans thanks to ongoing border closures, leading to a supply and demand crisis as Australians are forced to holiday at home.

There are 2400 caravan parks in Australia—350 of those are owned by a publicly-listed company, with the vast majority owned and operated by mum and dad investors.