A marina seachange for coast investors
THE world's financial markets may be struggling to remain afloat but Australia's continued love affair with boating is making marina berths a recession-proof investment.
Coffs Harbour investors' will have the rare chance to hear about these solid investments with Financial Consultant Glen Killen, in conjunction with Meridien Marinas, visiting the region on Monday, February 23.
Director of Strategy Financial Consulting Glen Killen said he is happy to put his money where his mouth is when talking about investing in marina berths.
“After analysing the income and capital growth potential, as well as the tax advantage, of a Meridien Horizon Shores marina berth and comparing against other property investment options, not only was I happy to invest my money in one, but I was happy to see my wife invest as well,” Mr Killen said.
Meridien Marinas CEO Warwick Bible said boat registration figures prove that berths represent a new wave of opportunity in these tough economic times.
“Queensland marinas, especially facilities like the Gold Coast's Horizon Shores, will be the primary beneficiaries with a lack of berths in both Perth and Sydney,” Mr Bible said. “In Queensland alone, total boat registrations rose above 225,000 (October 2008 figures), up 5 per cent on an annualised basis.
“The figures show very promising signs for all marina developments with boat registrations over 10 metres growing by 8.3 per cent compared to October 2007.”
Mr Bible said even those who have never been on a boat should be interested in marina berths, especially with investors looking for strong capital growth and 8 per cent rental yields.
Glen Killen will discuss marina berth investments on Monday, February 23, at the Coffs Ex-Services Club, with registration from 5.30pm for a 6pm start. There are limited seats available. For bookings or further information please call 1800 828 442.