The general consensus would seem a weekender/holiday let isn't a great investment choice. I'm inclined to agree if we're talking about a pure investment when compared to looking more openly/objectively at the wider market to maximize what else you can do with the same borrowing. We're at a bit of a cross roads at the moment, we've spent the last 4 years trying to make some in-roads into our investment journey after procrastinating for a long time and suddenly realizing we were starting to get older, quickly. We've been in our current house for 6 years, and whilst we love it and the area, I am getting itchy feet now and then. We'd ideally like to end up on some acreage at some point. Now, with our sensible hats on, acreage just isn't possible for us at the moment. To buy a property where we want to live we'd be looking at $1.5-$2m. Whilst we could conceivably borrow this amount, it would mean a mortgage 7 times bigger than our current one and likely an end to any further investing. Whilst we'd love to live on the dream property, I can't convince myself that the urge is strong enough to have such an enormous anchor of a mortgage, effectively condemning us to "work" for way longer than I ever hope to have to and basically just renting it off the bank. We've accumulated 4 properties in 2 states since 2013 and are well on the way to the next deposit which should see us in a purchasing position around June this year to go again. This time though, I have no idea where to start looking. So, this brings me back to the main topic, we thought about a weekender a few years ago and the subject has come up again now. The pro's are, we can stay when we currently live and love yet have something different as a bolt hole when needed. We would have a budget of around $400k which could get us something quite nice in the area I've been looking at and when we are not using it it can be left with a local holiday let agency. Another "pro" being that all the time it is "available" for rent we can pro-rata deductions for interest etc I believe? The cons are - as we're already down the Mornington Peninsula, we're an hours+ drive from the city before we even begin to get "out of town", for a weekender we'd want to be a maximum 2 hours drive from home, which limits our options in that price range unless we go east, which then limits the holiday let market. We really like Daylseford, we go there often, it's about the right distance, has a good sized town and still plenty of good stock at that budget. I think this is where we'd concentrate. The other con is that it will no doubt hurt our serviceability moving forward for a subsequent purchase. Having said that though, even if it never got a tenant, at a $400k budget plus keeping out current home it would still be a good deal less than half the total borrowing of us moving to a $1.5m place instead. Anyway, sorry for the ramble, just good to get tings in black and white in front of you sometimes. I'd really love to hear from anyone that has a weekender or holiday home, how much you use it, how big a pain it is and why, what pitfalls to look out for etc and any thought's on Daylesford as an investment area in general would be most appreciated. Any suggestions for places to check out within 2-2.5 hours of the Peninsula would also be welcome. Cheers.