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  1. J

    YIKES! Keep an eye on CAIRNS!!

    God no.. It's certainly a different world up here, but that's the charm.. What I have enjoyed ( coming up from Melb) is the quality and variety of seafood, the weather, the vibrancy of the esplanade and feel of Port Douglas, Kuranda etc. it's all quite unique. What you can't forget is the...
  2. J

    YIKES! Keep an eye on CAIRNS!!

    I would agree that is the plan and that's how these things work. Mr Fung has certainly planted his roots with investments in Canberra, Gold Coast and Cairns though.
  3. J

    YIKES! Keep an eye on CAIRNS!!

    I reckon the city, waterfront in particular is sensational.. Restaurants everywhere, beautiful presentation, plus Kuranda is a massive treat up the road.
  4. J

    YIKES! Keep an eye on CAIRNS!!

    The dollar is not low, it's nearing normal. Interest rates, yes are low but I think they will stay there for awhile.. Interest rates are also benefitting the rest of the country!
  5. J

    YIKES! Keep an eye on CAIRNS!!

    Agreed the casino is a complete game changer for Cairns. The town will never be the same again, but imagine the opportunities.
  6. J

    YIKES! Keep an eye on CAIRNS!!

    I'm up at Yorkeys Knob doing some painting/maintenance between tenants. I've noticed a real uplift in sentiment in the past two years since I was here. The city is absolutely buzzing... Has an amazing feel at the moment.. That lower exchange rate has really kicked in. The planes fly over...
  7. J

    YIKES! Keep an eye on CAIRNS!!

    nothing to do with AQUIS, but Yorkeys rental market seems pretty robust right now. Put our 4br place up and had interest within 10 minutes which has now been converted to a 12 month lease at $30pw increase... great tenants as well. In addition RPDATA shows the place has increased 17% in 24...
  8. J

    YIKES! Keep an eye on CAIRNS!!

    The Aquis comment is a bit negative/insular/plain silly. As if the resort is being developed for the 150,000 people that live there! Its been developed for the 9 additional plane loads of Chinese each day who want something a bit different to Macau.. maybe somewhere the missus and kids can...
  9. J

    YIKES! Keep an eye on CAIRNS!!

    "Cairns Airport plans nine flights per day for guests if Aquis casino and resort goes ahead at Yorkeys Knob" Not much fun for those in the flight path, but thats all of the northern beaches and they are pretty used to it. :)...
  10. J

    YIKES! Keep an eye on CAIRNS!!

    Tick Tock Tick Tock http://property4you.com.au/cairns-property-for-sale/valuers-national-property-clock-measures-positive-signs/ "New figures reveal property in Cairns is springing back to recovery in house and unit market"...
  11. J

    YIKES! Keep an eye on CAIRNS!!

    Cheers. Thanks for the info.
  12. J

    YIKES! Keep an eye on CAIRNS!!

    Looking good. I'm heading up there this week to settle on our property and do a bit of maintenance before renting it out. It's been an interesting experience buying in FNQ. Suffice to say I now know a hell of a lot more about termites and termite prevention than I did before ;) Jen you...
  13. J

    YIKES! Keep an eye on CAIRNS!!

    I just insured a $440K 4 x 2 for $2,800 with QBE. You really need to research insurance up there (not on the web) or just use a broker like I did. Insurance seems disproportinately high for unit/apartment holders.
  14. J

    YIKES! Keep an eye on CAIRNS!!

    You would have to see the strata fees which would be horrendous due to high insurance premiums and council rates up there. Cheapest apartment I saw was $30K returning $180 a week. $5K strata though.. you seriously wouldnt bother. Its still for sale. I really only look at houses though..
  15. J

    YIKES! Keep an eye on CAIRNS!!

    Aquis are at pains to point out that this is an integrated resort that just happens to have a casino, not just a casino.. Having said that, the casino will be slightly larger than Crown in terms of tables. There is a long way to go yet.. Would be surprised if it is approved this side of...
  16. J

    YIKES! Keep an eye on CAIRNS!!

    some more RE buzzz on Cairns and Aquis. I actually think its too big not to proceed. http://www.cairns.com.au/article/2013/09/21/248374_local-news.html
  17. J

    YIKES! Keep an eye on CAIRNS!!

    Well I love Yorkeys with or without Aquis and with the near neutral cash flow on the 4 x 2 I bought today i cant be happier! Aquis would be a 5 year rental dream bonus however it stacks up well without it as well.
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