Rents slashed on luxury Gold Coast holiday homes

first_imgAward-winning Gold Coast entrepreneur Kane Sajdak and his family will be self-isolating in style, having secured a luxury holiday home in Broadbeach Waters after selling his own home.“We had originally planned to buy but with everything going on we’ve decided to wait and rent for a while instead,” he said. This luxury holiday home in Broadbeach Waters usually rents for $7000 and has been leased for six months at $1000 per week.One seven-bedroom waterfront property in Broadbeach Waters which rents for $7000 in the high season is being leased to a local family for $1000 per week.A Brazilian family has paid six months’ rent upfront at $650 per week for a five-bedroom waterfront property in Broadbeach Waters that achieves $8000 per week in peak season. Gold Coast log house the ultimate self-isolation escape Gold Coast business owner Kane Sajdak will bunker down with his family in a Broadbeach Waters holiday home. Picture Glenn Hampson“We’ve got four kids so there isn’t that much to choose from for larger families on the rental market.“Working from home with the family there too, we really need some space and if we do go into lockdown we may as well be somewhere nice.”More from news02:37Gold Coast real estate: Custodian CEO John Fitzgerald urges Australians to buy more property now16 Sep 202002:37How COVID has changed spring buyer wishlists5 Sep 2020 Offers around $2200 per week will be considered for this Broadbeach Waters mansion which rents for $12,000 in peak season.Elite Holiday Homes, a leading provider of luxury holiday homes on the Gold Coast with 40 properties on their books, is slashing rents to help owners attract long-term tenants.Owner Shelley Jeffery said with interstate and overseas travel restricted, bookings had literally dried up forcing many holiday home owners to consider their options. “We have multiple properties that we are just putting offers to the owners on and trying to accommodate guests who are looking for something,” Ms Jeffery said.“It’s all about working together to see what we can offer to guests, what the owner can work with and then making it happen.”center_img This Broadbeach Waters home which rents for $8000 in peak season has been let for $650 per week for six months.Ms Jeffery said they had also begun taking bookings from local families suffering cabin fever and wanting a change of scenery to their own home. MORE NEWS: Property manager play referee in tough rental talks Offers around $1800 per week will be considered for this stunning Broadbeach Waters home which normally rents for $11000 in peak season.Smaller holiday home owners have also had their bookings wiped out after Airbnb announced a global policy allowing guests to cancel reservations for a full refund.Blake Farquhar, who leads the Property Management division at Kollosche, said his office had been inundated with calls from holiday home owners keen to secure long-tern tenants.“Literally every holiday home owner on the Gold Coast has lost that revenue for the foreseeable future,” he said.“We’ve taken one call after another from owners asking to list their properties for lease right away.”Mr Farquhar said demand was matching supply to date, particularly from interstate or overseas visitors looking to bunker down on the Gold Coast.“This week we leased a sub-penthouse in Surfers Paradise for $4000 a week, with six months rent upfront,” he said.“We’ve leased another three for between $700 and $950 a week, some of them paying rent in advance as well to offer security to the landlords.”And while holiday home owners may be hit hard in the short-term, Ms Jeffery predicted a bookings boom once travel restrictions were lifted.“People everywhere are going to need a holiday once all this is over,” she said. This luxury holiday home in Broadbeach Waters has been leased with a $6000 per week discount during the coronavirus pandemic.Luxury holiday homes are being leased at drastically discounted prices as owners attempt to recoup lost income in the wake of coronavirus cancellations.Property managers have been swamped with calls from desperate holiday home owners who have lost up to 100 per cent of their bookings leading up to the busy Easter period.last_img

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