Purchasing a Holiday Home
A good percentage of our business turnover is focused on selling holiday homes.
It is obvious that the GFC in 2008 had a huge impact on buyer confidence in relation to the number of sales at Holiday destination around Australia. Also, it must be noted that the Banking sector have changed their attitudes, policy and approach to lending on properties that are primarily in holiday home areas.
We have had a good success in arranging bank loans for holiday homes through a Sydney (Northern Beaches) mortgage broker.
Although through my experience as a sales and marketer of secondary homes throughout the Northern Beaches of the Sydney Region, I am seeing a significant change of attitude and in the last 12 months a steady increase of renewed inquiry In the last 16 months I have experienced a steady growth in buyer inquiry from properties at Coasters Retreat, Great Mackerel Beach both Via Palm Beach NSW and Hawksberry River Water-frontages as well.
When considering buying a holiday home look at what you can really afford, understand that this is not an necessarily a property investment but more of a lifestyle investment.
I once had a buyer who purchased a beautiful home at Coasters Retreat tell me that she believed it added a significant number of years to her husbands life as each time they stayed at their holiday home it recharged him both emotionally and physically. It took them away from their daily grind of city life.
The sense of escape and peace can be worth it!
I own a holiday home and I treasure every moment I am there. It takes me away, gives me a chance to “breathe” and often good “thinking time”. Importantly it has enriched my “family” time and my children and grandchildren just love going there. We don’t have a telephone connected and television is a rarity for us. It is a time of good food, cooking, reading, bush walking, and gardening. It is special and I am grateful that these special times with family can be a focused event with them.
In the end a holiday home is about a “quality lifestyle”
At Kathryn Hall Agency, we can introduce you properties that start from $395,000 all the way to $2million. Or we can search and find the right holiday for you. With 37 years in the industry we can assist you to match the right holiday home for you and life can be weekends on end.
The information in this article is of a general nature. While care has been taken preparing this information Kathryn Hall Real Estate does not warrant, represent or guarantee the accuracy, adequacy, completeness or fitness for any other purpose that the article may be used. Kathryn Hall Real Estate accepts no liability for any loss or damage (whether caused by negligence or not) resulting from use of information.
