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With Australian property prices still at all time highs, combined with increased volatility in the stock market and the lingering financial crisis, Marina Berths provide a great alternative asset class offering above market investment returns.
- Offer high rental returns
- Provide strong historical capital growth
- Offer great tax advantages
- Have low acquisition costs
- Have low ongoing maintenance costs
- Can be financed on a stand-alone basis
- Are in limited supply with high demand
- Offer consistently high occupancy levels
- Are an acceptable asset class for self managed super funds
- From an investors view point the marina industry is in the advantageous position of limited supply of Marina Berths
- The Environmental Protection Agency (EPA) and Environment Minister have very stringent environmental policies which govern future development of new marinas
- Currently the EPA has an embargo on any new marina developments throughout many areas on the QLD coastline. This embargo creates a scarcity in the market for the future supply of marina berths
- By way of example, Port of Airlie, which is currently under construction, took 20 years to achieve Local, State and Federal Government approvals
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- Queenslanders own more boats per capita than any other state in Australia, with 1 in 7 households now boat owners (source ABS 08/2008)
- This trend is expected to continue due to the demographic shift of empty nesters and baby boomers looking for a "sea change" and migrating in record numbers to QLD (net migration of nearly 1,600 people per week - source ABS 08/2008)
- Queensland Transport reports boat ownership in QLD is growing at 4% p.a.
- QLD boat registrations cruised past the 227,000 in December 2008 and is showing no signs of slowing
To find out more about our Marina Berth Investment Product or how you can secure your marina berth investment today, contact us at Sold on Property.
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