Skiing – Love it

Love Skiing also,

I’ve got forced holidays over Christmas and New Year and am seriously considering taking off to Canada with the wife to catch a bit of the white stuff. Managed to squeeze a week at Queenstown NZ in August, wasn’t the best snow but perfect weather.

I don’t think we are going to see the same type of boom in Capital that say Queenstown in NZ has had, purely because its not an all year round type of place. Queenstown is though, summer is just as big as winter. Plenty of reputable Kiwi’s from accross the ditch that would be happy to point you out in the right direction over there. Much better Skiing also. + No Stamp Duty.

Mal

Getting out of your comfort zone, can help you become comfortable

Derek is spot on as usual.

Holiday syndrome is a well known investment mistake with people buying all sorts of investments usually on the coast.

Whilst buying on the coast is not the error – it is the emotions associated with the fun holiday etc that lead some to make an ill thought out and poorly researched buy.

Yimeshare pushers used this to their advantage when approaching holidaymakers on the street at the Gold Coast!

Cheers,

Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
[email protected]
0425 228 985

Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.

Hi Pen,

As I am down this way I guess I know a little about the Ski fields.

It is very seasonal, & this season wasn’t as good as last year. But that happens.
The weather patterns are a risk as we have no control over them. (If only we did!)

I don’t have any IP’s up there, but I’ve talk to someone that has got one.
Anyway this is what I know, hope it helps you a little.

I have heard that the fees to maintain them are quite high. They charge you for this & that, then add a little more on.
To get the cleaning done is tricky too. They really have this in the can up there as not much competition. Therefore charging owners a high price.
Parking is an issue.
Check it out with the main resort up there, give them a call & find out the charges.

Very busy in winter & very quite in summer.
But it is open all year round, so that’s an advantage.
They hold lots of different things over summer & is still very pretty up there no matter of the time of year.

Just really do your research & find out all the little costs.

The area is great & I enjoy skiing, but I do need alot more practice. Always next year though.

Good luck with it all.

Snowy

Also Pen check out what type of title they have. If they are on leasehold (correct term?) you might have difficulty getting finance. Suggest you check this out as part of your DD. Not sure if this issue was covered in the other thread.