Things to keep in mind before buying that tourism hotspot investment property
Holiday home investment strategies usually revolve around the tourism market, but business travellers may prove to be a more lucrative target.
A holiday in Byron Bay (pictured) may inspire thoughts of buying a holiday home investment but it's worth letting the sunburn settle before committing. (Image source: Shutterstock.com)
Our image of tourism in Australia is synonymous with leisure tourism and that is usually associated with beach culture.
Business tourism rarely gets much of a look in but accounts for more visitor nights and more actual tourism dollars than the leisure market.
While the sight of hordes of holiday makers crowding out beach holiday hot spots might lead you to think this is a big market for rental properties, it’s also a fickle one.
The business …
