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My understanding is Holliday units up here (specifically Airlie Beach) get sold for a guarantied return for a limited time frame. Judging by the number of lights on at night, indicate low occupancy rates. The grape vine says the initially guaranteed return is build into the sales price. IMHO the...

Thanks for your comment XBenX. You’re absolutely correct, there must be opportunities up here, otherwise where would my current losses in three local industrial property thrusts come from. My new road (hopefully to recovery) will be trough residential property.

Anybody operating in the wider Mackay area? I like to get in touch with somebody local to discuss the Mackay / Airlie Beach / Bowen district. Joe