Mayor Mark Jamieson recently projected a population rise of up to 500,000 in 25 years which will warrant 99300 new homes in the Sunshine Coast. Coupled with the fact that the Sunshine coast is one of Queensland’s fastest growing regions as well as among Australia’s top ten significant urban areas, this is the real estate hotbed and thus for anyone looking to invest, Sunshine Coast is the place. With many suburbs like Noosa heads, Noosa Ville, Tweed heads among others, the Sunshine coast offers an opportunity for high rental yields. This article pays a closer look at some of the ways your Noosa real estate investment can bring about additional income. See more at: http://www.rwnoosa.com.au
Build a granny flat
A granny flat is an extra way of cashing in on your property. Granny flats are built separate on a single block but secondary to the main house. They are also made self-sufficient complete with own entrance, self-contained and with other independent amenities. Therefore, a smart move will be to add a granny flat to your Noosa real estate investment to add to your rental yield. It’s also convenient, especially when you don’t fancy sub-dividing your rental property.
Transform spare rooms into a boutique hotel
In a tourism hot bed such as Noosa, any accommodation type goes. A great way of cashing in on this is renting some of the spare rooms in your house to tourists for short term stays. This is especially for the property owners who don’t fancy sharing space long term with a stranger in their property. You could also convert those spare rooms into boutique hotels and enjoy the extra income from your Tewantin real estate property.
Create additional bedroom space
As already mentioned, accommodation is hotcake for tourists. If you are living in a large house with extra rooms that have no use like a massive living area, convert it into a bedroom. If you have something like an existing roofed area outside your house, convert it into a room too. This could dramatically increase your Doonan real estate rental income as well as audience.
Vacate the master bedroom
Getting additional rental income can sometimes warrant uncomfortable decisions. One such choice is vacating your master ensuite for tourists and guests. While it may seem uncomfortable, it’s also convenient as then you will need not share amenities like the bathroom with total strangers. Most of all renting out the largest and coziest room in the house will most definitely increase your Noosa real estate rental income. More information brand name: rw noosa
Renting your carport
If your Noosaville real estate property is in close proximity to the central business district or near public transport, then it could be an opportunity for you to make some extra income by renting out your parking spot, especially the times when you are not around. Friends and family often are the best to begin with and then have them refer their friends to you.
With economic times getting tougher, one has to tighten their seat belts and devise ways to cope up. One of the best ways is creating extra rental yield. For more information visit http://www.rwnoosa.com.au.