It's been a dream of mine for many years, to own a 2-bed property which is walking distance to a beach, and within a 2 hour commute of Sydney. I hope to spend no more than 225k on this property. Ideally this property should have low holding costs (No high rises). This is to allow me and my young family to spend a few weekends during the year close to a beach and to be away from our suburban home. During the time we are not there, I plan to give it to a local holiday rental company or Airbnb, so it can produce some income as well. I have heard many times over that holiday properties don't make great investments. But for me this is a lifestyle choice as well. Can someone please recommend me some spots close to Sydney where I can make this dream into a reality. Also when it comes to tax time, how do I apportion the investment percentage? Is that based on how many days in the year was used to produce income? I know this will vary every year.