Whitsundays offers wide property choices for a lazy ‘half-a-million’: HTW
Choices abound for investors or owner occupiers looking to use their ‘lazy $500,000’ in property in Queensland’s Whitsundays.
Property valuation firm Herron Todd White analyse the choices in their July 2016 residential market report:
“You can purchase land and build your new home or you can purchase a modern dwelling that has four-bedrooms and two-bathrooms with a double garage.”
“You can even throw in a shed or a pool in the suburbs of Jubilee Pocket or Cannonvale.
“You can buy a renovator’s delight in Airlie with no views within walking distance of the heart of Airlie.
“If views are more your thing, you can purchase a 1990s high set with ocean and distant island views in Cannonvale and also Jubilee Pocket.
“You can move out to the country with the little rural residential areas just on the outskirts and get yourself a 1990 to 2000 dwelling on one to two hectares.
“How about purchasing yourself a modern unit with ocean and island views and use as a permanent or holiday rental?”
The middle level for the Whitsundays is $550,000, with entry level upgraders along with out of town investors. There is an 8% to 10% gross return on investments.
Investors again are spoilt for choice depending on their investment requirements:
• Dwellings with a view or land for capital growth
• A new dwelling which will benefit from full depreciation and tax benefits.
The Whitsundays has remained stable over the past year.
Propery Observer found a recent sale at 13 Wahoo Court, Jubilee Pocket, Qld 4802. This four-bedroom house sold for $420,000.
