does anybody have an opinion about appartments on the Gold Coast.We rather like Main Beach.We thought we could have it managed out for holday rental and use it a few times a year in off peak. Regards John
John Groeneveld
Hi John,
While the gross rental returns may look attractive the net is another matter. Rates and body corporate fees do eat into your cashflow.
You can also run into ‘tax’ issues when you use the same place as a holiday destinatioon. If it is a holiday destination you want the hire a room for your holiday.
(Upcoming holiday 10 nights $1300 a stones throw from the beach)
Derek
derekjones1@bigpond.com
0409 882 958
Property investment advice and researched property in quality locations available.
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