New horizons for airpark developments
Many investments promise sky-high returns but no other real estate investment can do so with quite the same degree of literal authenticity as a housing estate for recreational pilots.
Developers in Australia are keen to emulate the United States, where "airparks are on another stratosphere". (Image source: Shutterstock.com)
A housing estate for recreational pilots may sound like someone’s got their head in the clouds but across Australia residential airparks enjoy a committed community of likeminded residents looking for an investment, lifestyle and a place to park their plane.
From a pool of around 31,000 pilots in Australia owning 16,000 registered aircraft, property developers need only around 60 flight aficionados to buy and fill their unique estates, although …
