As some may know I was looking at buying a place in Cairns, but was knocked back and had to mark time for a few months.
So I decided to rent in Cairns for the time being.
The rental market has gone up 50 to 100 dollars for propeties. I asked a real estate agent why and he has told me that this was directly related to Cyclone Yasi and the market was up and up as people in Tully etc were looking for somewhere to live.
Although I am investor I think this sucks. If this is true, gouging rental prices becuase of a lot of peoples miss fortune is not a good thing. It appears there might be some truth as I have seen prices since mid December going up.
But I guess it gets back to supply and demand.
OK rant over
So I decided to rent in Cairns for the time being.
The rental market has gone up 50 to 100 dollars for propeties. I asked a real estate agent why and he has told me that this was directly related to Cyclone Yasi and the market was up and up as people in Tully etc were looking for somewhere to live.
Although I am investor I think this sucks. If this is true, gouging rental prices becuase of a lot of peoples miss fortune is not a good thing. It appears there might be some truth as I have seen prices since mid December going up.
But I guess it gets back to supply and demand.
OK rant over