The parable of the Two Builders teaches us that it is unwise to build on sand rather than rock, but that doesn’t stop beachside locations from being the most desirable to own. Buildings on beaches, or rather just back from the beach, are some of the most valuable properties on Earth and they house countless tourists every year. Noosa accommodation offers holidaymakers an opportunity to live on the beach for a few days with fantastic weather a guarantee. So it is no wonder that these locations attract people from around the world every year. But the ultimate goal for most Australians is to be able to buy a holiday home by the sea so they can spend long weekends and holidays there. This is no wonder given that the Sunshine State enjoys an average of 300 sunny days a year!

Sunshine Coast real estate is understandably expensive, but it has a huge amount to offer to any perspective buyer. The weather comes with endless Golden Beaches and a veritable surfers’ paradise. But how pragmatic is it to join the 8% of Australians who own a property by the sea?

1. As a rental holiday property

Buying real estate on the east coast of Australia as a rental holiday property is not a bad choice of investment at all. If you are buying as a holiday home, then renting the property out for 5 or 6 weeks in the summer is probably going to be necessary so that you can afford its upkeep. Rental has the potential to bring in a nice revenue but this will probably only cover the costs of maintaining it throughout the year and your travel to and from the property to enjoy it yourself. Land tax and commission to the travel agent will reduce the income and the property could even become a burden if you are not sure to cover yourself. Insurance for both public liability and damage are essential when you are renting a property to anyone, just in case something happens and the house is no longer fit for rental. There are of course negatives to renting out a property to holiday makers, but it will allow you to maintain the property and still enjoy all of your holidays there.

2. As an investment

Buying property on the Gold Coast as a long term investment is relatively safe. Property does not generally fluctuate in value because there is always a demand for places to live, particularly on the coast. Despite a slight drop in value following the Japanese Tsunami, there is no doubt that the value of coastal properties in Australia will continue to increase. When buying a property for investment you will need to have a long-term plan because your money will be tied up for many years. Renting this property or letting a room could help you to manage the mortgage repayments whilst your investment grows. There is no doubt, however, that the purchase of a property on the Sunshine Coast will offer you great potential for fun and excitement.