who lives and works in Airlie Beach / Cannonvale !
It is pretty hard to predict the future or find elaborate stats on investing in property in Airlie Beach, simply because Airlie Beach / Cannonvale is a small, but very important tourist town in Qld. Australia. It is not big and busy enough to show up on the hot spot radar, so investors in residential properties usually focus on capital cities and their surroundings for max gains. Ca 10 000 people combined live in these two towns combined. But if you want to invest first to live in it later or rent out to tourists while you live there then this is a game changer of course. But I would not do it. I would use a two fold strategy. Buy where its best and live (rent) where its best = 1+1 properties in two stages. So how about investing in Cairns and live in Airlie ? Cairns has struggled as well in the last decade, but it is far bigger than Airlie and has a broader economic mix with some good projects coming up that could give it a boost. Some catch up potential with mining, energy and tourism still being the life blood and future of Australia.
2017 has shown signs of improvement and Airlie Beach property prices are meant to pick up further in 2018. The last 10 years however, that is since the GFC have not seen better than a 10 year long plateau in the best case and for some investors even significant losses, especially pre GFC investors (2007) could have experienced losses.
Please define your long therm property goals. Saving for a deposit is usually not a good strategy, especially if you want to live long term in Airlie Beach, raise a family there in 2+ years and move into your own property.
Investing in property sooner rather than later is generally a good move. Why ? You pay less tax and property prices have long term always gone up by more than the CPI. So if you delay and save for two years chances are that you may loose 10's of thousands in rising property prices and you miss out on having the taxman and the tenant helping you to pay off your loan earlier.
However the pundits could be wrong and let's say Airlie property prices won't go up in 2018/2019, then waiting will not be that bad. But I would rather own something now at current figures then speculate. What if interest goes up and in 2 years you can only fix at 5% or 6% for 5 years or you won't qualify for a $400k loan at all ? If you can rent out a property cash flow positive now then you are pretty secure even if property prices go down against the odds. If you don't want to and don't have to sell and you are not an ardent investor (hold many properties), then it doesn't matter too much what your property is valued at in 2 years.
If you want to look at long term worst case scenarios then read about housing crashes in Australia.
Also read: Should you Invest where you want to retire ?
Buying a block of land in Cannonvale for $150k and putting a tiny house (prefab) for $100k on it could be a good strategy. Buying that old duplex I showed you would be a great investment strategy. Even buying the prop in Jubilee would be better than buying the $410k prop with views and harbour access when you can get a brand new free standing 4BR home for $430k...$530k. You could ask if you can buy land there where you like it and build yourself.
Anyways having said it all I suggest you use this affiliate tool below:
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PS Note to the public. None of this is financial advise for which I am neither licensed nor qualified. Just my opinion as a layman. Best advise I can give is do your own research and check multiple sources. And one more thing. I am fond of Real Estate Investar, but I am no longer fully up to date on my research. Hence check out alternatives.