aussierogue
I like that idea of yours.
Hi guys,
If someone pulls out equity of one of their existing properties and buys down on the peninsula… an average to decent place in Blairgowrie costs 350k, a good one costs 400+. Rye and Tootgarook are cheaper… because Blairgowrie, Portsea and Sorrento have such good access to bay and ocean beaches, whereas they don’t.
IO on 350k at say, 6.2% is still over 21k per year you have to fork out to keep your place… if you get 6 weeks of rentals at 1000 per week, that’s still more than 15k a year you’ve got to come up with… if you can afford that good on you.
Yack, another note, a mate has a place at Lorne, the CG has been phenomenal, but he and many others down there struggled to rent their places out for the last couple of summers. I don’t know if it’s because they were asking too much or what… what I’m saying is, don’t rely on holiday rentals to justify your decision… it’s a great lifestyle thing… I thought it was 3 years ago, but I’ve changed my mind… different strokes for different folks I guess.
cheers
r
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