Does anyone know if holiday letting on the Gold Coast is a good proposition. We have just come back from a holiday there and fell in love with the place. Looked at afew properties but were mainly there for a holiday. The rentals and holiday lets seem really good but I am worried about the hidden costs if there are any, especially on the management side. Plus how do you know if the management are letting your unit equally the same as the other units? The R/E agent says management take about 40%? Would appreciate feedback from anyone with any experience of the Qld market,
Regards – Anita[blink]
Hi Psychic,
This topic comes up from time to time and I suggest that you use the search facility. It is located under the forums button at the top left of the screen.
As a little taster see this thread – it is fairly recent (there are many others). https://www.propertyinvesting.com/forum/topic/21537.html
I would also be wary of buying anything during or immediately after a holiday. Investment decisions need a lot of research and careful thought.
If you like the Gold Coast for holidays then buy an investment on sound decision making processes and go there for a holiday.
Derek
[email protected]
http://www.pis.theinvestorsclub.com.au
0409 882 958
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