Dear Fellow Forumites,
1. The Cairns market is confirmed to be between 9-10 o-clock in a rising market and it is about to run its growth spurts soon.
The ground indicators, which I have personally observed in Cairns, while I was there since 1st July 2003, were as follows:
a. increasing land and house price, despite increasing construction activity.
b. construction costs for new houses are expected to increase significantly soon. (So new house prices are expected to further increase as a result. Be early to come to invest in new houses in order to cash-in on 1994 construction costs for your new houses before the present construction costs jump up in the near future.).
c. rising land and house sale prices and sale volumes.
d. very much reduced sale period for new houses. 6 months ago, it takes about 6-12 weeks for new houses to be sold off.Today, new houses coming into the market for sale are instantly snapped up the moment they are put into the market or sold off within less than 5 days period.
e. Some house prices for secondary resale market can/have increased by more than 100%, within a week after resale. People are going around snapping these presently "under-valued" properties and reselling them immediately after their price for huge capital gains.
g. sudden rental increase of 10-20% recently and very low vacancy rate of less than 2.9%. Lowest vacancy rate since the last 1994 boom.
2. The fundamentals for Cairns property market are believed to abe quite strong this time round:
a. strong demand arising from increasing population and tourist arrivals.
b. reducing employment which is lower than the Australia's national rate. This will promote more inter-state migration and temporary population inrease and housing demand.
c. highest concentration of rich people in Cairns, living their live style choices.
3. Personally, I do not think that a repeat of the market bust, following after the 1994 property boom, will be repeated in Cairns this time round as its present economic growth and underlying fundamentals are likely to be sustainable this time round.
3. I have specially flown into Cairns from Singapore since 1st July 2003, to personally check out and verify the actual market situation on the ground, having followed the discussion in this forum recently.
4. And having done my research earlier over the internet from Singapore,closely followed the discussion in this forum and have walked the ground, I am now fully satisified and convinced that the Cairns market is about to take off very soon over the next 1-2 months period, with very quick significant price increases to be expected.
5. Consequently, my wife and I have already positioned ourselves into this market, by signing up to purchase 2 apartments at the Meridian Holiday apartment and Sanur Villa apartment projects with the Hedley Group, at A$400,000 and A$215,000 respectively. We have also further put 2 other contracts for a 1 x 4-bedroom house at Trinity Lake at A$221,660 and another piece of land there at A$50,000.
6. Thus, I will encourage each of you to consider investing into the rising Cairns property market, ASAP. Do not hestitate further, lest the house price will run up signficantly before you get invested.
7. Please note that I will also be getting my fellow investors from Singapore to join me into investing into the Cairns property market ASAP as I return to Singapore on 27th July 2003.
8.For those who are interested or/and have other personal queries, you can contact me personally at my Australian mobile TEL: 0418758123 or contact me via my email at my email at [email protected].
9. Please note that suitable 3/4-bedroom houses investment properties will probably cost about A$220,000-$320,000 price and each investor will need to fork out some A$50,000-A$70,000 cash for their investment, with 80% loans from their banks.
10. For your update,please.
11. Thank you
Kenneth Koh
1. The Cairns market is confirmed to be between 9-10 o-clock in a rising market and it is about to run its growth spurts soon.
The ground indicators, which I have personally observed in Cairns, while I was there since 1st July 2003, were as follows:
a. increasing land and house price, despite increasing construction activity.
b. construction costs for new houses are expected to increase significantly soon. (So new house prices are expected to further increase as a result. Be early to come to invest in new houses in order to cash-in on 1994 construction costs for your new houses before the present construction costs jump up in the near future.).
c. rising land and house sale prices and sale volumes.
d. very much reduced sale period for new houses. 6 months ago, it takes about 6-12 weeks for new houses to be sold off.Today, new houses coming into the market for sale are instantly snapped up the moment they are put into the market or sold off within less than 5 days period.
e. Some house prices for secondary resale market can/have increased by more than 100%, within a week after resale. People are going around snapping these presently "under-valued" properties and reselling them immediately after their price for huge capital gains.
g. sudden rental increase of 10-20% recently and very low vacancy rate of less than 2.9%. Lowest vacancy rate since the last 1994 boom.
2. The fundamentals for Cairns property market are believed to abe quite strong this time round:
a. strong demand arising from increasing population and tourist arrivals.
b. reducing employment which is lower than the Australia's national rate. This will promote more inter-state migration and temporary population inrease and housing demand.
c. highest concentration of rich people in Cairns, living their live style choices.
3. Personally, I do not think that a repeat of the market bust, following after the 1994 property boom, will be repeated in Cairns this time round as its present economic growth and underlying fundamentals are likely to be sustainable this time round.
3. I have specially flown into Cairns from Singapore since 1st July 2003, to personally check out and verify the actual market situation on the ground, having followed the discussion in this forum recently.
4. And having done my research earlier over the internet from Singapore,closely followed the discussion in this forum and have walked the ground, I am now fully satisified and convinced that the Cairns market is about to take off very soon over the next 1-2 months period, with very quick significant price increases to be expected.
5. Consequently, my wife and I have already positioned ourselves into this market, by signing up to purchase 2 apartments at the Meridian Holiday apartment and Sanur Villa apartment projects with the Hedley Group, at A$400,000 and A$215,000 respectively. We have also further put 2 other contracts for a 1 x 4-bedroom house at Trinity Lake at A$221,660 and another piece of land there at A$50,000.
6. Thus, I will encourage each of you to consider investing into the rising Cairns property market, ASAP. Do not hestitate further, lest the house price will run up signficantly before you get invested.
7. Please note that I will also be getting my fellow investors from Singapore to join me into investing into the Cairns property market ASAP as I return to Singapore on 27th July 2003.
8.For those who are interested or/and have other personal queries, you can contact me personally at my Australian mobile TEL: 0418758123 or contact me via my email at my email at [email protected].
9. Please note that suitable 3/4-bedroom houses investment properties will probably cost about A$220,000-$320,000 price and each investor will need to fork out some A$50,000-A$70,000 cash for their investment, with 80% loans from their banks.
10. For your update,please.
11. Thank you
Kenneth Koh
