Hi guys
I am wondering if anyone can fill me in on the capital gains of waterfront property either on or near a beach, or a wet block in a lake development district. I am wondering if these are the best types of property to invest in for future growth even after the real estate boom is done, since they are rarer.Regards Duane.
You’re right – i think they are rarer.
As they say, they don’t make waterfront land any more. Especially absolute beachfront which would have the strongest cap gains of all property.
But then again, you will also pay a huge premium to get one of these and yields will be very low at about 2%-3%. The baby boomers who are retiring soon and the sea-change movement have both pushed these prices way up.I reckon cap gains on waterfront land are at least 20% more than on dry land. The Gold Coast is a good example of beachfront land gone crazy with some areas selling close to $10k per m2.
Hi,
I was offered an off the plan, 1 bd flat in Sydney, for $315K approx 9 months ago. It was called ‘The Waterfront’ Homebush bay. I reckon it was a good buy, but too risky financially for us at the time.
There are still places in Victoria you can buy near water, that is still undervalued in my opinion.
Cheers
Sooshie [
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