Savvy investors could see excellent returns in the Australian property market if they look to the resorts sector over the coming months, it has been claimed.
Senior associates at DLA Piper Australia Lyndon Masters and Mahoney Smith told Property Australia that a new trend for 'as-is where-is' sales means individuals can secure lucrative investments for the long term - albeit with a slightly higher risk.
"While some may see this trend as further negatively impacting the sector and its outlook, we believe that sales on an 'as-is where-is' basis provide fantastic opportunities for an industry-savvy and well-advised buyer," the pair told the news provider.
Earlier this month, chief executive officer of Choice Hotels Australasia Trent Fraser told the Property Council of Australia that the country's hotel sector continues to offer positive returns for investors in the present financial climate.
He noted that strong demand for rooms and high occupancy levels bode well for the sector and for those who are willing to invest.
Posted by Steve Douglas
