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Weekender dreaming: It’s a great time to buy a holiday home

Michelle Bowes

A place by the beach, a chalet in the mountains or a cottage in the bush? Whatever your choice of retreat, this may be the best time in years to buy it, with listings up in many second-home destinations.

Data from CoreLogic shows that in several weekender locations favoured by Melbourne, Sydney and Canberra-based families, listings in July (the latest figures available) were at their highest levels in five years while demand has fallen, indicating that the market might be turning in favour of buyers.

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Michelle Bowes writes about personal finance from our Sydney newsroom. She has been a business journalist for 25 years and is the author of Money Queens: Rule your Money, an award-winning personal finance book for teenage girls. Email Michelle at michelle.bowes@afr.com

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    Original URL: https://www.afr.com/wealth/personal-finance/weekender-dreaming-it-s-a-great-time-to-buy-a-holiday-home-20240822-p5k4k2