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Purchasing A Vacation Property Down Under

October 01, 2019 by Jeremy Lindy

If you love to travel and often find yourself on the other side of the world, it might be time to invest in a vacation property down under. You’ll have the perks of turning your property into a profitable business whilst you’re going about day-to-day life in New York but also the option to escape those harsh, East Coast winter conditions and follow the sun to Australia for a while. Purchasing a property that needs some minor renovations will make your money stretch further in the market. Then, you can add some inexpensive upgrades to the interior and exterior style to turn it into the holiday destination of your dreams. Here are a few ideas to get your next property investment underway:

Pick the Perfect Location

There are two things to consider when picking the perfect location for your vacation property, the first being how much time you are thinking of spending there. If there is a particular location that is close to your heart, then you should obviously look for what’s on the market there. If you’re planning on mainly using it as an additional income stream, you should think about the areas that are visited the most. Sydney and Melbourne are obvious choices that attract visitors all year round, but don’t forget the beauty of the West Coast and the stunning natural scenery around the Daintree Rainforest. 

Make Sure There are Amenities Near By

When you’ve narrowed down your search to a particular area or town, it’s time to start seeing what properties are available right now. Be patient and do your research thoroughly before getting too excited and jumping the gun. You may have found the perfect property for an ideal price to pay, but it could be completely isolated from local amenities, making it difficult to travel around. Tourists visiting Australia who want to rent your abode may not have a car to travel in, so always keep public transport and walking distances to the shops in the forefront of your mind. 

Add a Complimentary Interior Style

It’s always great to consider the surrounding landscape when creating a vacation home’s interior style, as tourists will be looking to immerse themselves in this particular way of life. So, highlight it as much as you can throughout the space. Coastal properties should feel calm and have nautical touches and even seascapes on the walls. Homes inland could focus more on the heritage of this beautiful land with historical aborigine pieces thoughtfully placed around the house. 

Accessorise with Soft Furnishings 

When visitors come to stay, a vacation property can sometimes feel slightly soulless without any personal items left about the place, so it’s important to make the rooms feel as warm and inviting as possible before they arrive. Add cushions and rugs around the house, and make sure all windows are fitted properly with blinds. Websites like www.milesaheadblindsandawnings.com.au can provide great advice about how to make the most of your rooms. 

When your property is completed and ready to house guests, it will be time for you to book a flight over and experience it for yourself. Then, the next step will be listing it online and getting your holiday calendar booked up to the max. 

Have a listing you think should be featured contact us or email at Jeremy@offthemrkt.com to tell us more! Follow Off The MRKT on Twitter and Instagram, and like us on Facebook.

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Our favorite listing this week is 508 West 24th Street, Unit 5th Floor, home to NBA Player Carmelo Anthony. The ten-time NBA All-Star, has listed his New York City condo. The home is the largest unit in the Cary Tamarkin designed building at 508 W 24
251 East 51st Street, Unit 2M, listed on the market as a Compass "Coming Soon," is a recently renovated, perfect pied-a-terre (and ideal one bedroom for all the rest of us). What truly sets this pad apart from the rest is the dreamy outdoor
Our last #openhouse roundup will you be checking out this #parkslope home?

#nycrealestate #brooklynrealestate #milliondollarlistings #luxuryhomes #OffTheMRKT
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