With all the political debate on negative gearing and Capital Gains Tax, you really start to wonder if it’s actually worth buying an investment property or holiday home these days – especially the latter.
If you’re only going to use a holiday home on, say, the Gold Coast couple of times a year, but have all the costs and upkeep all year round, you have to consider the option carefully.
Especially when you see the amazing Broadbeach accommodation deals constantly available on this gorgeous stretch of Queensland coast.
Broadbeach holiday accommodation has been popular with Gold Coast visitors for years, due to its proximity to everything that makes the area great, BUT still maintaining it’s relaxing, seaside feel.
The thing is, if you went shopping for a holiday home on the Gold Coast, Broadbeach would probably be where you’d look. I mean, it’s right on the beach, it’s not filled with high rise apartments, and it’s got an amazing restaurant precinct, where you can try a different cuisine every night.
It’s close to shopping, the casino and the waterways, and an easy drive to the hinterland and the theme parks.
So work out the costs involved in buying a holiday home, factoring in the possible loss of negative gearing benefits.
Now take a look at those great Broadbeach accommodation deals – for example, the popular Phoenician Resort is currently promoting an excellent May Madness deal.
You won’t need to be a rocket scientist to see that it is better value to simply book Broadbeach holiday accommodation when you fancy a break, than carry all the costs of a holiday home.
I mean, look at the facilities! Swimming pools, spas, sauna, gym, tropical gardens . . . all there waiting for you, without you lifting a finger, or having to pay gardeners and pool cleaners!
Let’s go through some of the reasons why you might consider buying your own holiday home – and see if holiday accommodation can match them!
You might say that your own holiday house is a home from home, because everything you need is there and you can just unpack and relax.
Everything you need
Well, when you book the type of apartment you’ll find at resorts like the Phoenician, the same thing applies. It’s not like being confined to a hotel room. Rather you have an entire apartment at your disposal, space to escape the kids – or the other half – when you need it, and everything included for your holiday.
Okay, you say, but how about this. Owning my own holiday home would give me unlimited access.
But would it? Wouldn’t you have to consider renting it out when you’re not using it, to cover the costs, and then effectively ‘booking it’, when you want to visit? No difference to a resort apartment, really.
Okay, it can earn you an income when you’re not using it. But if all that income does is help you pay the costs of owning the property in the first place, it’s maybe not such a great deal.
Then there’s the search to find the perfect investment; the cost of actually buying it; the paperwork and hassle; fixing any damage caused by tenants, and the taxman!
And what if you get tired of always going to the same place? By simply renting holiday apartments, you can always go wherever you want.