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I have just been to Cairns and it is still looking fairly stable. I put a unit on the market while there and it was sold by the time I got home. I listed one on the 1st July and it looks like it will be gone within a couple of days. So I would say market is still fairly active. I spoke to...

December Update Hi All From the Cairns Post some more good news for those of us with property up there :) The Cairns Post 22 DEC 2004 Cairns homes in $50k rise By Peter Wex (Business editor) IF you own an average house in Cairns it is probably worth $50,000 more than it...

Latest Information I have just returned from another visit to my favourite place (Cairns). We were renovating one of the townhouses and as usual it was relet within days of our putting it up for rent. I am reprinting an article I picked up from the Cairns Post from yesterday for all you...

Cairns Median House Prices From the Cairns Post - 21 Aug - REIQ figures for the past 25 years The % change is the percentage change in property prices. The rental figures are for houses and the gross rental yield for houses for the last 14 years. Year % change...

Triplex Poscash For your information the triplex I told you about at post #30 was auctioned this morning. Quoted price was $320-350k. Sold to a Sydney buyer on a phone bid for $321k. Gross rental will be $450 pw I rang Chris Gay after the auction to find out the result. He thought it...

Atherton Tablelands Hi Kylie We did all the tourist bits this time as all 8 places were let and we had to pay to stay in an apartment and were forced into having a holiday!!! We drove up to Kuranda and spoke to locals around the market, mainly stall holders. There is a proposal for a...

Manoora Kidders Some parts of Manoora have commission housing which keeps the prices down. The price sounds good, fairly low, so close to town. To be on the safe side ring Chris Gay on 07 4031 3913, tell him you are from the forum and I told you to ring and he will tell you whether...

Duplex Kylie Saw this duplex on the ljhooker site and thought of you, knowing you are looking for one http://www.ljhooker.com.au/property_listing.php?id=622598&type=residential&category=buy&a=1089533514 the return is under 6% gross but has guaranteed rent Chris

Cairns Congratulations Shu on your purchase, hope it goes well, keep us informed on how you are going with letting, vacancy etc. Poscash if you are interested Chris Gay has a triplex coming up for auction on 7 August they are on his website www.oconnorandgay.com.au (residential) if you are...

Houses and yields Kylie The 10%/8% still holds fairly true in Cairns. The properties are going up in value, consequently the rents are rising. When I first bought there, settling in January 2003, I paid $52,500 and received $120 pw, giving me around 11% gross, but now with the...

Cairns Shu Welcome to the forum. Your comments were excellent and it is good to debate whether you should buy only investment properties that you would live in yourself. My comment on this: The units I have purchased in Cairns are in the lower priced bracket as approx 85% of the...

Cairns Post Thanks Geoff you beat me to it. Ann - I subscribe to Newstext and can do a search for articles relating to real estate. I collect the Weekend Cairns Post from McGills Newsagency in Melbourne every Tuesday. Only the weekend edition is sent to Melbourne so any other articles...

Stats Daya - I found this in the Cairns Post of the 18 May, for all of you with property up there, it is good reading: THE Cairns property market is still gathering steam with average home prices rising in all suburbs, latest figures reveal. Sales records released by the Real Estate...

Hi Dayanand Pleased I have been of help. I spoke to Chris while I was up there and he sees another 6 months growth yet. With the newspapers talking about increased population growth, I think he is probably right. After returning to freezing Melbourne I can truly understand the move...

Chris Forest Gardens should do well from the new road, there was a lot of work going on just by the estate when we drove by on Friday. I called in at my agent (another Chris) while I was there and they had no houses available to rent but lots of enquiries. So you should have no problem...

For all you FNQ investors - I have just returned from 2 weeks of bliss in FNQ Headline in the Cairns Post was that Cairns was the fastest growing area in Queensland over the past year, the population grew by 3,000. Today's paper stated Herron White giving the rental vacancy rate as 2.3%...