If the diminishing returns on your stocks and bonds are leading you to think about investing your money elsewhere, a rental property in Byron Bay could be the answer.
These days, demand for long-term rentals is off the radar, with an ever-increasing number of tenants waiting to find a permanent home. As for short-term accommodation, Byron is one of Australia’s most popular holiday spots, so demand will always be high.
You may have heard about Council’s proposed 90-day cap on non-hosted short-term holiday lets. However, there is a proposed exclusion zone in popular tourist areas, which, although not set in stone, is highly likely to be approved.
Byron’s property market has softened since last year, so more properties are on the market if you’re looking to buy. Consequently, family homes and holiday apartments are attracting significant interest from investors as they can provide a way to create an income today and a property to enjoy down the track.
If you’re considering investing in a rental, we have several properties listed that may suit your needs. However, if none hit the spot, please call me on 0418 660 063, and I’ll help you find what you’re looking for.
All the best
Ed
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