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Monday, January 06, 2020

‘One of the worst property investments people make’: Do holiday homes ever make financial sense?

Post to Facebook on 6/1/2020 9:08 AM
Commenting on “‘One of the worst property investments people make’: Do holiday homes ever make financial sense?”


When I was much younger, say about 30 years ago, I always thought of owning a holiday house near water, although I could not swim, nor like to drive long distance.

I envied my friends who kept talking about spending their weekend at Sandy Point, fishing by day and prawning by night. It really sounded good fun.

One day, my wife and I were invited to spend the weekend with them. That was a treat, because I never thought the day would come to experience staying away from home.

Each Friday afternoon, my friends packed the essential items in the car, including bed linen, fresh food and a lawn mower. Their teenage children would accompany them. My wife and I chose to drive in the daylight the next morning.

They had to unpack the load on arrival, but as guests, we were pampered and did not have to lift our fingers, until I was asked to help kill and gut some live fish caught by them in the afternoon. I love eating fish, but not to take the life of a live fish swimming in a bucket. I felt like a torturer and executioner.

We walked along the beach, chatted merrily, and helped to prepare meals. I did not go fishing at the jetty, nor get in the water for a swim. In the evening, we caught up with the latest “gosp” around the trap.

Time past quickly for my wife and myself even though we did nothing. The husband had to mow the lawn, and other general maintenance, while the wife vacuumed the house and did other household chores.

On Sunday afternoon, the packing and loading processes repeated, but now the car boot was filled with bags of used linen and garbage, plus the lawn mower.

We had a quick meal. The sun began to set in the horizon, a beautiful sight indeed. However, sunset never lasts long, and the sky turned dark fairly quickly.

There were no street lights, and in those days, GPS was not invented then. Even with Melway, Sandy Point was not part of Greater Melbourne metropolitan, rendering the maps completely useless.

I followed their car to get to the main highway, and returned home rather tired for doing nothing.

Without that stay, I would still think of owning a holiday house. Honestly, I doubt it was “holiday” per se, but additional unnecessary chores.

I supposed time was different then. Life was simpler, and international travel was very expensive.

Will I ever own a holiday house? No way, Jose! I prefer to check in a motel or hotel near a beach if I want to have a break and stay away from home.

Thank you for reading.