If you have looked at property listings in Australia, you have probably seen the letters STCA. You may see phrases like: Subdivision potential STCA Development opportunity STCA Add a granny flat STCA Build a second dwelling STCA Renovate or extend STCA Duplex potential STCA Airbnb or holiday rental potential STCA But what does STCA actually mean? In real estate, STCA means...
When buying a holiday home, it is easy to focus on the view, the beach, the deck, the furniture and the lifestyle. But one of the most important things to understand is the ownership type. In simple terms: What are you actually buying? Are you buying the land and building outright? Are you buying an apartment inside a shared building? Are you buying a long-term lease? Are there body corporate...
Most buyers budget for the purchase price… then get surprised by the ownership costs. Holiday homes often cost more than a normal home because they’re exposed to the elements and they sit empty.The 6 cost buckets to plan forFinance: mortgage + rates changesInsurance: can be higher in coastal / cyclone / bushfire / flood zonesRates & utilities: ongoing even when you’re awayMaintenance: decks,...
A holiday home is meant to reduce stress… but if you buy the wrong property (or underestimate upkeep), it can become a constant “to-do list with a mortgage”. The good news: maintenance is manageable when you understand what causes it, what it costs, and how to set up simple systems. Why holiday homes can cost more to maintain Holiday properties often sit empty for periods. That’s when...