Xmas hotspots up to 100 per cent
Investors with holiday properties are benefiting this Christmas season with hotspots up to 100 per cent full, reports a leading real estate agency.
Raine & Horne has seen many favourite holiday getaways on the East Coast are reporting 100 per cent occupancy rates, as well as booming interest in the NSW Central Coast, North Coast, Palm Beach and areas of Far North Queensland.
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"It's pleasing to see that more Australians are ignoring cheaper airfares and a strong Aussie dollar for the tradition and relative safety of a summer holiday in Australia," said Raine & Horne CEO Angus Raine.
"It's also good for the Australian economy to see more of our travel dollars staying at home to support the Australian economy."
The high occupancy rate will carry on into the year, he said.
This follows on for a reported 20 per cent increase in revenues over the last six months for investors with holiday home properties.
Brett Hunter, Principal of Raine & Horne Terrigal-Avoca Beach has seen a rise in holiday-makers visiting the Central Coast.
"We have secured a 20 per cent increase in revenue for our owners over the last six months, and this proves the strength of the Central Coast holiday market," said Mr Hunter.
Queensland’s Gold Coast is picking up again, said Raine & Horne Surfers Paradise principal Clark Brackenridge.
"Our property markets are showing signs of turning the corner, and as it stands, our holiday bookings for the Christmas period are reasonably strong, and are certainly well up on this time last year," said Mr Brackenridge.
"In addition, buyers are beginning to recognise that property prices on the Gold Coast represent good buying, with good yields available to investors."
