Media Release warns property investors: look beyond most popular travel spots

  • reveals new list of investment holiday hotspots
  • Cessnock tops the list for houses, Port Douglas is top return for units for the second year
  • Do your research: most popular travel spot could be worst investment!

June 23, 2014, Sydney – One of Australia’s biggest comparison websites is warning potential investment property buyers to look beyond the most popular travel destinations, following the release of its second holiday investment property hotspots list.

An analysis of Tripadvisor’s new list of Travellers’ Choice 2014 Top 10 Destinations – Australia, shows that some of the most popular holiday locations returned the lowest yields (by postcode).

Sydney for instance made the top of the most popular travel list again this year, however a median house price in the CBD of $1.75 million, coupled with an average rent per week of $1,120, left it with the second-lowest yield of just 3.33 percent.

In contrast, some of the holiday destinations at the bottom of the Tripadvisor list had among the highest investment returns. For example, Darwin was at the bottom of the Tripadvisor list, however it ranked second-highest yield for units, at 6.82 percent according to

Michelle Hutchison, Money Expert at, said it’s important to take off your holiday glasses when assessing potential investment properties.

“It’s always nice to imagine what it would be like to own an investment property at your favourite holiday spot, but our findings revealed there can be a big difference between the value of return you can receive for the most popular holiday destinations.

“For instance, out of the top 10 most popular holiday destinations in Australia, some yields were less than half of others on the list, with yields ranging from 2.41-6.31 percent for houses and 5.33-7.77 percent for units.

“By doing your research on the most popular destinations and making an informed decision, property investors could be making more than twice the amount of yield per year.”

Cessnock, NSW, was voted into the Tripadvisor list this year placing at number six. And with the lowest median house price out of the top 10 destinations, it returned the highest yield for houses at 6.31 percent, placing it first on the list of holiday hot spots for houses.

For units, Port Douglas, QLD, hit the top spot for the second consecutive year, with the lowest median unit price and highest yield of 7.77 percent.

Another interesting finding was that some of the highest performing investment property hot spots on the list for houses, bottomed the list when it came to units.

For example, although Cessnock ranked the highest yield for houses (6.31 percent), it came in at ninth place for units with a yield of 5.81 percent. Hobart was also a high performer for houses ranking number three with a 4.83 percent yield but it was last on the list for units, with a yield of 5.33 percent.

“While holiday homes may be a good option for investment property owners, not knowing the yield of your potential property may leave you funding someone else's holiday instead of your own.

“So make sure you do your homework, compare locations based on potential returns and not just their popularity, and research investment home loans to ensure you get the biggest bang for your buck,” said Mrs Hutchison.’s top investment holiday hotspots: houses

Holiday destinationsMedian house priceMedian rent per weekYield
Byron Bay$705,500$6704.94%
Port Douglas$500,000$3803.95
Airlie Beach$667,000$4353.39%

source:, tripadvisor’s Traveller’s Choice 2014 top 10 destination ranked according to rental yield, prices and figures from Residex (on based on postcodes’s top investment holiday hotspots: units

Holiday destinationsMedian unit priceMedian rent per weekYield
Port Douglas$184,000$2757.77%
Airlie Beach$338,500$4056.22%
Byron Bay$441,500$5106.01%

source:, tripadvisor’s Traveller’s Choice 2014 top 10 destination ranked according to rental yield, prices and figures from Residex (on based on postcodes


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