With negative gearing only available for investment in newly-built residential property existing investors will find it more difficult to sell their properties as other investors will show little interest in existing property with inevitable falls in value to follow.
With prices of apartments in Airlie Beach at the similar levels as they were in 2004, there are opportunities to buy an ocean view furnished apartment from as little at $275,000.
Mandalay House, on Airlie Beach, has been voted the finest home for sale in the world for 2015 by readers of the international property hub, Mansion Global.
