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Invest in Accommodation

by

Emil

The accommodation market in Katherine, Northern Territory, Australia, is booming. There are hardly any houses or units for rent and no rooms for rent. Very few of the Caravan Parks in Katherine accept permanent tenants, preferring to save their sites for the tourist market.

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By comparison to other regions of Australia there aren’t even many homes for sale on the open market. If you are thinking well there must be plenty of land available in or around Katherine you would be wrong. The last residential block to be sold went for just under $90,000.The cost of building a reasonable home, not flash just reasonable, is in the vicinity of $300,000. So for around the $400,000 that you would have to spend you will get a rental income of $300 per week. Some would say that it isn’t a bad return.I have a proposition to put to you. For a similar amount you could invest in Elvira’s Paradise, the newest Caravan Park in Katherine. Your capital growth would be higher than it would be if you bought a home, and your return on investment would be much higher.Elvira Loquias is looking for an investor to become a partner with her in Elvira’s Paradise, she is offering 35 of an estimated $60,000 profit per annum for Stage 1.Being situated on a total of 79acres there is plenty of room for subsequent Stages. Mine worker’s accommodation will be a priority by 2010. Elvira has calculated that the 50 cabins requested by the mines being developed in the area will provide a profit of over $1m per annum after completion of that Stage.I have never seen a development with such potential as this one, nor have I ever seen an investment with such security of returns and capital investment. This development cannot lose, Tourist accommodation in Katherine during the dry season is scarce and available motel accommodation during the dry season is virtually non existant.The NT Tourism authority shows that over 800,000 tourists come to the Northern Territory each year. Most drive and all who drive must pass through Katherine no matter where they are heading in the Northern Territory.

About Elvira’s Paradise

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