I think I'd rather use my $80k to fund an investment that will throw off the cash to pay for holidays to different locations around the Country each year....
Can never understand why people want to lock into one joint forever with one holiday home.
There is so much more to see out there.
Went to Venus Bay once to stay in a mate's holiday house. Very basic place.
Nice spot, nice (dangerous) ocean beaches, but a long drive and few amenities if you get sick or have an emergency.
We had a good time; the March flies were a big problem, glad I went there, but won't be back.
I throw darts at the map and find somewhere else to visit.
Long drive? 2hr max from melbourne, 1.5 from eastern burbs.
Very safe beaches...patrolled and flat.
March flies very rare to find now... mossies too, if you dont have stagnant water lying around your house... (some of the house are very old and overgrown)
Wonthaggi...30min away... has a large hospital with 24hr emergency department.
I suggest you return and have a closer look. Gone ahead a fair bit last few years. potential for cap growth is very good IMHO.