Recent content by Nelly

FACT: Property market is warmish, not hot. FACT: property is moving faster than before but houses were for sale for over a year so improved does not mean great. Units were empty for years and years. FACT: Vacancy rates are increasing with increased building so demand for rental property is...

I think investors have done great research as the hype has not really worked. I said as much. Not sure why you are the boss of who can say what on this forum Do you own it?

Okay Jen whatever you say Houses will be worth 2 million and the people that live in them earning $30,000 a year will have no problem paying the rent because the economy and the property market are not related. They will still be able to pay the massive electricity bill as well . Amazing. I look...

Cairns has gone up about 5% while some suburbs like Edge Hill went up 15%. So saying my house went up 29% just shows how uneven the market is and proves the point that you really need to know the market well. Also in that same time period my young nephew made nearly $700,000 capital gains in...

And AQUIS is big driver of the property market according to you yourself so either reply to what I actually wrote or do not bother. The culture in Cairns is an ongoing issue surrounding developments and AQUIS is just another example of projects being spruiked sans robust scrutiny.

Hype is a big issue in Cairns that has left us with little credibility. The town has amazing potential but too many stupid self serving greedy people in positions of influence. I am sick of it. So yes we have one "next big thing" after another but no scrutiny allowed. So the powers that be all...

Yes it is a little, but not really enough to get too excited about. We had spare capacity for a long time after the GFc and it has taken a while to fill and find its way to increased demand for new building but we have weak employment options and low wages, high holding costs so many...

Facts can be checked with Cairns watch and ABS labour force detailed Table 16 http://www.cairnswatch.com.au/ http://www.abs.gov.au/AUSSTATS/[email protected]/DetailsPage/6291.0.55.001Jan%202014?OpenDocument Lower participation with high youth unemployment general means people are not joining...

Hard to read Cairns but not that positive. I think it has bottomed out which is good. Unemployment rising 8.5%, vacancy rates rising to 2.7%, youth unemployment 2nd highest in the nation, participation rate falling indicating people have given up looking for work. Cost of living pressures...

By capping the charge to cover infrastructure the government is manipulating sale price of homes (which never works long run) and that cost falls to ratepayers who should not cop it. If the federal government respond to business demands for more migrants that creates this demand then they should...

Queensland towns ratepayers, especially Gladstone, seem to have been ripped off with the cap on how much local council can charge developers to cover infrastructure costs. It makes the initial purchase price cheaper but long term higher rates only wear down capital gains so perhaps false...

The mining towns are down so at least Cairns is on the same page now. We have more equal footing. Still wish we can get rates and insurance down. And diversify a bit, education and tropical expertise . Attractive place to live. edit re casino, It states that to be awarded a license they must...

Re Aquis. 8 registrations have been received for a casino license in Queensland. Further registrations can be made to end of February I believe. Not sure the break up between the new one for Brisbane and the two for regional Queensland. But 3 new licenses will be awarded. 31st March EOI must be...

It it questionable and it is really extremely ambitious so has to be seen as high risk. Sometimes these things work but will believe it when I see it. Each has to assess their own risk appetite in investing based on this going ahead. Aside from Aquis someone recently summed up Cairns...

Woree drive in land is starting to be developed after years left overgrown with weeds. Bit by bit, in stages, and I think that illustrates what is happening overall. Baby steps, no grand plans aside from AQUIS. Most infrastructure projects are finishing. Ryder talks of the performing arts...