Spend Winter in Mission Beach – You Wish!
September 21, 2015
It’s everyones dream isn’t it, to live 6 months in North Queensland and 6 months in the southern state they’ve come from? Having a summer holiday home and a winter home to enjoy, is quite common in Mission Beach. Usually it’s the retirees who can afford it and who have the time to come and go at their leisure.
People visit Mission Beach and fall in love with the place. For the warm weather, the friendly people, the beautiful beaches, the island views, the relaxed lifestyle, the small town atmosphere, and no traffic to stress about. People slip right in and wind down quickly here. It ticks a lot of boxes after living in a city so its a great place to just chill out.
For those that come and book into a holiday apartment or holiday home for one month, two or even three months paying holiday rental rates, often think they might as well be buying a property for what they are paying. And of course they dream about staying longer if they owned it themselves. Which begs them to ask themselves the question, “If we buy a property here, could we holiday let when we are not here?” or “ If we stay for the whole of winter, can we let the house permanently for the remaining months?”
Firstly you need to remember holiday letting is a Lifestyle Choice and can depend on:-
- The type of holiday home you purchase, as to whether it is suitable for holiday letting.
- Depending on the popularity of the property, you may or may not recover the all the outgoing costs of a holiday rental.
- How long you would use it and how flexible you are for the dates you or your family would be using it.
- The occupancy you would achieve when you are not here, depends on where the property is, what the property offers and the nightly rate you would charge.
It is possible to permanent let the property when you are not here, although it is harder to find that suitable tenant that is prepared to move out when you want it. Being summer when the permanent would be residing there, then a property with air-con and a pool would be essential.
Our peak tourist season starts on the June long weekend, through to the end of the school holidays in October, plus the week over Christmas/New Year, the Easter break and the Australia Day, Anzac Day and Labour Day long weekends. The remaining school holidays before and after christmas and the holidays after Easter can be very quiet.
The majority of holiday guests – want the location, so the property either has to be absolute beachfront, across the road from the beach, or they want to have a good view of the water and be within walking distance to restaurants, shopping etc. However budget conscious guests, will book a property with no view as long as it is close to everything and only a very short walk to the beach. For an example, click here
Occupancy is generally around 30% depending on how well it is marketed. The first year it will most likely be less as people may see it one year and then book it for the next, so the longer you have the holiday home available for holiday rental the better the occupancy increases and if it has all the features that holiday makers expect.
Or you could purchase a property and lock it up and leave it and not let it out at all. Plenty of people do this. You just need to have someone check on it and and also check with your insurance as there may be a higher excess if it is not occupied for a certain period of time.