Interested in people thoughts in investing in a freehold Marina Berth. My old man an avid sailor has been talking for years about buying a berth and is now in a position to grab one following a new release in Martha Cove, Melbourne. Purchase price is around $150k with potential return around the $600per month mark. He will most likely be renting the berth out to his best mate at half rate around $300 per month. Body Corp fees are under $2000 pa. He will be looking to hold long term. IMO it is more of a lifestyle purchase rather than an investment. Has anyone here purchased a berth or know much about it? If leased and under finance,are there any tax incentives (eg. can it be negatively geared?). He has cash to fund the purchase so most likely will not be financed (pending discussion with accountant to ensure this is best option). Long term I think they will perform OK due to the limited supply of freehold berths in Melbourne however I would doubt growth will be inline with standard resi IP. The other option is to lease a berth and purchase another IP. He is not entirely keen on this idea as he will be looking to retire in the next 5 or so years and is reasonably risk adverse. Thanks in advance.