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Offline 1q2w3e4r

  • Joined: Oct 2009

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seems a very out of the way place, you'd want to get exceptional returns to make it worth your while IMO.

here on the GC if you buy a $2m house holiday rental can yield you up to $7k per week. so it would have to be well north of that to make it worth the added risk IMO

Where on the GC?  I don't know the area as well.

It's out of the way I know, from what I've seen from the digging I've done a nice place at around $1.5-$1.7 rents about $750-900 a night with lots of days booked out to June next year already- most of them are holiday let from the owners from what I gather. 

No personal experience but have been there a few times,
its all on an original 100 year lease from the Qld Gov isnt it?
I think theres only 60 years left...  so that to  me is a bit of a downer as the years tick by the value must be decreasing to some extent ?

Yes, all the islands are on 99 year leases from memory.  It isn't an issue, Hamilton is on a perpetual lease renewal from the Qld Govt.  I've been through it before in the past  and its fine provided you don't do anything stupid. 

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