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- Spring is here and Queensland’s tourism sector will soon be heating up but does that dream house in a holiday location actually make you money?
In days gone by, it was common for families to go to the same place, at the same time of the year, for every holiday period. Some even invested in their very own beachside shack.
But Domain Group chief economist Andrew Wilson believes the glory days of secondary properties such as holiday homes started to fade away nearly a decade ago.
READ MORE VIA DOMAIN.COM.AU
Apartments like this one at Surf Parade, Broadbeach, “still make financial sense”, according to the REIQ’s John Newlands. Photo: Supplied