Thredbo Property

SkiandRideGuide

First Runs
Aug 11, 2010
25
0
0
Noticed things have been very flat for quite sometime and yields are looking much better.

Looking at 2brm places myself now and interested to hear what peoples returns are after management fees, body corporate etc... are they getting close to 6.5% or still way off?

Also, what sort of net earnings would an entry level 2brm yield, being told $24,000 p.a - sound about right?
 

Nozawaman

A Local
Nov 7, 2002
6,613
2,850
563
Gold Coast/Nozawa Onsen
www.sasa-nozawa.com
SkiandRideGuide said:
Noticed things have been very flat for quite sometime and yields are looking much better.

Looking at 2brm places myself now and interested to hear what peoples returns are after management fees, body corporate etc... are they getting close to 6.5% or still way off?

Also, what sort of net earnings would an entry level 2brm yield, being told $24,000 p.a - sound about right?

rofl.gif
DeadHorse.gif


Why would you bother with Australian snow properties ?????
 
Last edited by a moderator:

SkiandRideGuide

First Runs
Aug 11, 2010
25
0
0
I live in Canberra - spend a lot of time up there both in summer and winter, what would be an investment property now, would hopefully be a holiday home in the future.
 

Angus_McCrory

Old n' Crusty
Ski Pass
Oct 22, 2005
24,471
12,960
1,063
Lurking
Looking through the RE agents when there last week and still think properties are over prices by between 25% and 50%. In the words of Dale Kerrigan........
 

main street

Doing what I want.
Ski Pass
Jul 11, 2006
73,604
15,296
3,000
Kelowna, BC
SkiandRideGuide said:
Noticed things have been very flat for quite sometime and yields are looking much better.

Looking at 2brm places myself now and interested to hear what peoples returns are after management fees, body corporate etc... are they getting close to 6.5% or still way off?

Also, what sort of net earnings would an entry level 2brm yield, being told $24,000 p.a - sound about right?

What is your initial capital investment ?
 
Last edited by a moderator:

main street

Doing what I want.
Ski Pass
Jul 11, 2006
73,604
15,296
3,000
Kelowna, BC
FAT BOY said:
SkiandRideGuide said:
Noticed things have been very flat for quite sometime and yields are looking much better.

Looking at 2brm places myself now and interested to hear what peoples returns are after management fees, body corporate etc... are they getting close to 6.5% or still way off?

Also, what sort of net earnings would an entry level 2brm yield, being told $24,000 p.a - sound about right?

rofl.gif
DeadHorse.gif


Why would you bother with Australian snow properties ?????

Hehehehe,.... This ^^^^^
 
Last edited by a moderator:

gareth_oau

Pool Room
Ski Pass
Dec 27, 2008
52,505
23,737
1,563
57
Canning Vale, Perth
I don't think Thredbo is ever "investment" grade, unless you stick the word "lifestyle" in front of it.

Think of it more like a holiday home, that the government and other holiday makers are financially assisting with.

I'm hoping to buy a Thredbo property eventually, but a northern hemisphere one as well. Whilst others may laugh at you, its not snowing in Canada etc in July/August etc.

My plan, once I've finished with work is to have one north, one south and spend around 6 months a year on snow, somewhere.
 
  • Like
Reactions: Ozgirl

Nozawaman

A Local
Nov 7, 2002
6,613
2,850
563
Gold Coast/Nozawa Onsen
www.sasa-nozawa.com
gareth_oau said:
I don't think Thredbo is ever "investment" grade, unless you stick the word "lifestyle" in front of it.

Think of it more like a holiday home, that the government and other holiday makers are financially assisting with.

I'm hoping to buy a Thredbo property eventually, but a northern hemisphere one as well. Whilst others may laugh at you, its not snowing in Canada etc in July/August etc.

My plan, once I've finished with work is to have one north, one south and spend around 6 months a year on snow, somewhere.

I would seriously re consider this.......after skiing your butt off for Northern season, a beach destination is more appealing especially when you hit your 50's
 
Last edited by a moderator:

ODNT

Part of the Furniture
Jul 28, 2010
12,355
1,286
813
Went down this road, outgoings too much + where auz ski resorts are situated , meaning its just for holiday tenants. Not worth it imo. Too patchy . If you dont need to rely on a return to fund it ok , otherwise your out goings will kill you.
 

Apresski

Pool Room
Ski Pass
Jun 18, 2007
49,095
12,141
1,515
Melbourne
I owned a ski flat for 11 years, during the halcyon days, where we achieved 13 weeks rental and costs were reasonable. The capital gain was negligible, but we had free skiing for 11 years and a good income. however today the occupancy rate is much less and the costs much higher. Unless you plan to spend summers there, or the income is of little concern, you are better joining a lodge and investing your capital elsewhere to fund your holidays.
 
  • Like
Reactions: Sir Surfalot

Snow Blowey

Old n' Crusty
Ski Pass
Jan 7, 2004
25,900
23,283
1,063
Dubbo NSW
IMO better to put your money elsewhere for now. If you still want it as a holiday place in ten years buy one then after your money has earnt more.
 

D-eye

Photographer and skier
Moderator
Ski Pass
Jan 21, 2001
35,919
6,246
1,025
Canberra
deyephotography.com
SkiandRideGuide said:
I live in Canberra - spend a lot of time up there both in summer and winter, what would be an investment property now, would hopefully be a holiday home in the future.

I've considered Berridale as a location to base myself out of on weekends a few times over the years. It wouldn't be used as an investment though, just a holiday home.
 
Last edited by a moderator:
  • Like
Reactions: Sir Surfalot

skichanger

A Local
Jan 1, 2012
8,708
5,844
563
chaletmyoko.com
Over a million for a 2 bedroom place! I am feeling really good about my house in Berridale.

If you reallly want to stay up there join a club. In one I know about, for less than $10k membership, the member can stay for the season for about $3k. Associates cost more.
 

Angus_McCrory

Old n' Crusty
Ski Pass
Oct 22, 2005
24,471
12,960
1,063
Lurking
^^ This...

Unless you live withing a 2-3 hour drive, it is just not worth having your own place in the mountains. Our beach house is 2.5 hours drive from home so easily do-able for weekend trips. 5-6 hours to the snow house? Guarantee you won't use it much as a weekender. Also, our beach house gets rented for 10 plus weeks plus another dozen weekends per year. Whilst Thredbo was quite busy last week I say the houses around Crakenback Drive where we were staying would be pushing 50% occupancy
 

ODNT

Part of the Furniture
Jul 28, 2010
12,355
1,286
813
That looks great with good income potential. But then again Thredbo has a 1 bedder, 1 bath & 1 car space for same price at squatters inn. Its a hard one.
laugh.gif
 
Last edited by a moderator:

gareth_oau

Pool Room
Ski Pass
Dec 27, 2008
52,505
23,737
1,563
57
Canning Vale, Perth
FAT BOY said:
What about this .....for around $700k, why in the world would you buy in Aus ??????

because Japan is an 8 hour flight, plus a 6 hour bus ride, plus a passport away.

Thredbo might be as little as a 2 hour drive.

And Japan doesnt snow in July
 
Last edited by a moderator:

Angus_McCrory

Old n' Crusty
Ski Pass
Oct 22, 2005
24,471
12,960
1,063
Lurking
Sorry Gareth, no mining businesses within a 2 hour drive of Thredbo that will support your conspicuous consumption.
 

gareth_oau

Pool Room
Ski Pass
Dec 27, 2008
52,505
23,737
1,563
57
Canning Vale, Perth
not for me, but there are a few living in Canberra.

I'm just going to have to wait a few more years until my conspicuous consumption can be maintained without income
 

D-eye

Photographer and skier
Moderator
Ski Pass
Jan 21, 2001
35,919
6,246
1,025
Canberra
deyephotography.com
Taxman said:
Sorry Gareth, no mining businesses within a 2 hour drive of Thredbo that will support your conspicuous consumption.

Majors Creek will be not far off it once it gets going.
 
Last edited by a moderator:

skichanger

A Local
Jan 1, 2012
8,708
5,844
563
chaletmyoko.com
Last edited by a moderator:

FlatLander

Addicted
May 18, 2002
695
184
113
No one should you the words 'invest' and 'ski resort' in the same sentence. Doesn't happen any more and never should have. Everyone on these forums talk about sking being tooo expensive. One of the biggest factors is accom = mum/dad investor buying unit as 'investment' expecting to cover all outgoings (incl rates and interest/mortgage payments) by renting it out during winter = price gouging.
Similarly why should we be paying excessively high prices for food etc on mountain, oh sorry I forgot, thats so the on-mountain business operators can make 12 months income in 16 weeks. Maybe they should try working for 12 months like most businesses.
Also alpine real estate prices are falling quickly, about 30% in 2 years. Over the next few years I expect people to vote with their feet, dont expect alpine visitation to increase anytime soon, not until on mountain prices come down to a reasonable 'value for product'.
 

gareth_oau

Pool Room
Ski Pass
Dec 27, 2008
52,505
23,737
1,563
57
Canning Vale, Perth
FlatLander said:
. Maybe they should try working for 12 months like most businesses.

now if you want to go skiing there in the middle of January- perhaps a nice compromise on flatter pricing all year round can be reached?
 
Last edited by a moderator:

main street

Doing what I want.
Ski Pass
Jul 11, 2006
73,604
15,296
3,000
Kelowna, BC
Olddognewtricks said:
That looks great with good income potential. But then again Thredbo has a 1 bedder, 1 bath & 1 car space for same price at squatters inn. Its a hard one.
laugh.gif

Yep,..... At 700K it's an utter joke.

Lets see,..... I'm looking at making an offer circa 120K on a 600+sq foot 1 bed, 1 bath, full kitchen, large balcony & secure underground car space in a slopeside building with ski in/ ski out.

How many airfares would the left over 580K buy ??
eek.gif


Lets not even talk about snow quality or length of season.....
wink.gif
 
Last edited by a moderator:

Hobber

A Local
May 22, 2002
13,229
59
648
48
Sydney
main street said:
Olddognewtricks said:
That looks great with good income potential. But then again Thredbo has a 1 bedder, 1 bath & 1 car space for same price at squatters inn. Its a hard one.
laugh.gif

Yep,..... At 700K it's an utter joke.

Lets see,..... I'm looking at making an offer circa 120K on a 600+sq foot 1 bed, 1 bath, full kitchen, large balcony & secure underground car space in a slopeside building with ski in/ ski out.

How many airfares would the left over 580K buy ??
eek.gif
Which one (will offer $125k
tongue.gif
)
 
Last edited by a moderator:

main street

Doing what I want.
Ski Pass
Jul 11, 2006
73,604
15,296
3,000
Kelowna, BC
Hobber said:
Crikey - I just started looking at property there - cheaper than Jindabyne.

This is why I nearly wet myself when people get all exited about buying snow property in Aus.

Oh,..... & the market here still has another 10 - 15 % to drop yet before it hits a flat period..... Likely to last 5+ years.

IMHO.
wink.gif
 
Last edited by a moderator:

skiflat

Old n' Crusty
Aug 10, 1999
37,705
1,484
1,063
main street said:
Hobber said:
Crikey - I just started looking at property there - cheaper than Jindabyne.

This is why I nearly wet myself when people get all exited about buying snow property in Aus.

Oh,..... & the market here still has another 10 - 15 % to drop yet before it hits a flat period..... Likely to last 5+ years.

IMHO.
wink.gif

Indeed - Good timing for me in about 5 years
wink.gif
 
Last edited by a moderator:

main street

Doing what I want.
Ski Pass
Jul 11, 2006
73,604
15,296
3,000
Kelowna, BC
skichanger said:
FAT BOY said:
What about this .....for around $700k, why in the world would you buy in Aus ??????

https://picasaweb.google.com/112696944077496948441/HakubaInnBlueDragonForSaleJPY55M

Try some of the other areas on this site as well
http://myoko-nojiri.com/properties/index.htm

And if you are brave enough to consider a foreclosed property who knows......But you need to consider resale and capital gains compared with Aus.

I'd rather go to a casino & "drop it all on black" than assume I'll get a capital growth return out of an Aus ski property...... the casino has better odds.
 
Last edited by a moderator:
  • Like
Reactions: rollyz

Hobber

A Local
May 22, 2002
13,229
59
648
48
Sydney
skidown said:
main street said:
Hobber said:
Crikey - I just started looking at property there - cheaper than Jindabyne.

This is why I nearly wet myself when people get all exited about buying snow property in Aus.

Oh,..... & the market here still has another 10 - 15 % to drop yet before it hits a flat period..... Likely to last 5+ years.

IMHO.
wink.gif

Indeed - Good timing for me in about 5 years
wink.gif

Yeah - mortgage be gone by then... maybe...
 
Last edited by a moderator:

main street

Doing what I want.
Ski Pass
Jul 11, 2006
73,604
15,296
3,000
Kelowna, BC
Considering resort property here has already dropped circa 60% (with the exception of Whistler so far,..... but it is starting to bite hard there), the chances of a plummet in Aus prices are right up there.

The only "safe" (sort of) end of the market has been the ultra high end (2 mil ++ ),.... it hasn't seen the huge drops that other parts of the market have seen, but it has softened. There are still a few out there with more money than brains.
wink.gif
 
Last edited by a moderator:

piolet

Better make it three
Ski Pass
May 27, 2004
37,776
48,785
1,163
in the cupboard covered in dust
main street said:
The only "safe" (sort of) end of the market has been the ultra high end (2 mil ++ ),.... it hasn't seen the huge drops that other parts of the market have seen, but it has softened. There are still a few out there with more money than brains.
wink.gif

is there any turnover at that end or maybe those folks paid with cash and don't have to sell?
 
Last edited by a moderator:

FlatLander

Addicted
May 18, 2002
695
184
113
gareth_oau said:
FlatLander said:
. Maybe they should try working for 12 months like most businesses.

now if you want to go skiing there in the middle of January- perhaps a nice compromise on flatter pricing all year round can be reached?
laugh.gif


Sorry that wasn't quite what I meant....Why should the customer pay inflated prices so that a Unit owner or business owner can recoup 12 months costs in 16 weeks.

If you want to purchase real estate in the mtns then expect 25% of a years return (even if you can get 100% occupancy) for the season. Dont purchase and expect the customer to pay a premium for your folly. Only buy if you can afford to carry the liability. Same applies for businesses.

In years past, visatation was always 'relatively' stable give or take a bit. Now we are seeing customers simply not turning up because the value is not there, service is poor etc etc.Those of us with 'the addiction' will find every/any way to save money - stay off mtn, take food and beer (+ 3 extra for the drive off the mtn).
I believe the glory days have passed. 1 or 2 more poor visatation years and they will be giving away real estate. Look at Dinner Plain prices!!
 
Last edited by a moderator:

skiflat

Old n' Crusty
Aug 10, 1999
37,705
1,484
1,063
Falls Creek had some cheap apartments.


Oh wait Body Corporate......................
 
Remove ads with a
Ski Pass