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Money or memories: Five top tips for buying a holiday home

Buying a holiday home is all about creating memories but without losing out financially in the process, so following some key objectives is vital to success.

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Holiday homes come in many shapes and sizes but all present the same challenges as investments. (Image source: Shutterstock.com)

With millions of Australians drawn to the beaches, rivers and camping holiday destinations over this Australia Day break, many will spend the drive home considering buying a holiday rental.

Before the sunburn settles and the camping gear is cleaned out, it’s timely to consider the do’s and don'ts of owning holiday homes as investments.

Lifestyle vs investment

Buying a holiday home is first and foremost a lifestyle decision, not something that …

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