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As someone who lives, works and owns property in Cairns I can say without any doubt that the property market in Cairns is NOT heating up fast. It is slowly coming out of the doldrums. The unit market is flooded and body corporate costs are ludicrous. Sure there seems some spike in interest in Yorkeys Knob but everywhere else is plodding along. I agree that the headline of this thread and another thread started by the same user are misleading and no doubt are attempting to drum up business.
This forum is to share information, educate and inform, not spruik. Fortunately the vast majority of users on this forum can spot a spruiker a mile away.
There's some good buys around but it takes some very detailed research and patience.
Sure Cairns is improving but so is Gosford, Newcastle, Ballarat and Bendigo, Brisbane and the Gold Coast. Out of all these perhaps Cairns offers the best yield but it offers the least in capital growth and it is the latter that makes you wealthy.
And in answer to your question about what signs I would like to see to confirm a property market heating up, there's just one factor that stands head and shoulders above the rest:
Unemployment rate going down
JenJen, I'm not getting into an economic debate or analysis. We happen to disagree on the current property market movements in Cairns. Several users have commented on this thread regarding vested interests. Why did you start this thread and the other similar one you have on this forum? Was it to share information or to drum up business?
There are several professionals on this forum who work in various areas of property. Most of them contribute without feeling the need to spruik their businesses or markets they work in. Rather they offer their knowledge for nothing.
Regardless, everyone on here should respect each others opinion and if happens to be at odds with your business objectives ie to obtain clients who wish to buy in FNQ then its too bad. Somersoft forums are the premier forums for investor education and it should not in any circumstances be used to market someones business, overtly or covertly.
Doozer, most contributors back up their opinions with at least some evidence, which you seem to be avoiding. Your assumptions about my business objectives couldn't be further from the truth. For your reference, I don't feel a need to 'drum up business', as you assert. If I needed to do that I would be advertising, which I'm not. Also, if Somersoft forums are the 'premier forums for investor education' how exactly are you contributing if you are not prepared to enter a debate or contribute any knowledge?
Cheers
Jen
How are you not advertising, any business on here with a sig/link is advertising?
Doozer, most contributors back up their opinions with at least some evidence, which you seem to be avoiding. Your assumptions about my business objectives couldn't be further from the truth. For your reference, I don't feel a need to 'drum up business', as you assert. If I needed to do that I would be advertising, which I'm not. Also, if Somersoft forums are the 'premier forums for investor education' how exactly are you contributing if you are not prepared to enter a debate or contribute any knowledge?
Cheers
Jen
What sort of yields can you expect in the lower to mid end (FHBer territory/working class areas) Jen? Non strata..
My main concern with QLD properties as always is the exorbitant rates/insurance, but if the yield can still push it to a neutral/slightly positive position all the better.
What sort of yields can you expect in the lower to mid end (FHBer territory/working class areas) Jen? Non strata..
My main concern with QLD properties as always is the exorbitant rates/insurance, but if the yield can still push it to a neutral/slightly positive position all the better.