All Topics / General Property / Cairns – Queensland

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  • Profile photo of mikesinmikesin
    Member
    @mikesin
    Join Date: 2003
    Post Count: 2
    October 22, 2003 - 11:51 am

    Is anyone familiar with the Redlynch Grove area in Cairns ? And with CEC Group of builders who are about to erect about 30 4brm., air con., plus pool type houses for 289k$

    This is offered on the back cover of latest API mag. There is around 169k$ depreciation available and rentals projected at 360$/week.

    Any one have Good intel on this ?
    Thanks in advance.

    Profile photo of annaw2annaw2
    Participant
    @annaw2
    Join Date: 2003
    Post Count: 178
    October 26, 2003 - 7:25 am

    Redlynch is a pretty popular suburb up there, about 15 minutes drive from CBD, but maybe ring up a couple of agents in Cairns and say you are interested in purchasing property round the Redlynch area, just ask their opinion. I have found most Cairns agents helpful. Have a look at houses in the area on realestate.com, get a map of Cairns area and you’ll see where it is. We have 5 properties in Cairns, purchased since the end of last year. One unit we have cost $95,000 furnished and we get $250pw rent.
    Anna

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