SINCE 1997

Latest Holiday Home Tax Deductions News

5 ways to turn holiday home investment duds into diamonds

Some holiday home buyers are overlooking five key strategies which can turn their costly lifestyle investment into a money-making asset.

Holiday house overlooking river
A comfortable place to relax outside is a must-have for any holiday home. Photo: Shutterstock

Some holiday home buyers are overlooking five key strategies which can turn their costly lifestyle investment into a money-making asset.

Australians invariably get caught up in the holiday romance of buying a ‘weekender’ and some will act on impulse while on vacation. 

Often investors reason that by renting to holidaymakers when they aren’t using it, the asset’s maintenance and holding costs will be covered, but that’s rarely the case.

Instead…