Is it a good time to invest in Cairns (North QLD)

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111111
Participant
@111111
Join Date: 2003
Post Count: 29
February 17, 2003 - 11:51 pm
Anyone investing or intending to invest in North QLD (Cairns) ?
Is it a good time to invest in North QLD Now?
Some analysts say house prices in Cairns were flat for the last couple of years and just started to move.
They say tourism is starting to boom in Cairs and especially good time to invest in tourism props.
Anybody agree ?
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111111
Administrator
Keymaster
@piadmin
Join Date: 2013
Post Count: 3,225
February 18, 2003 - 2:03 am
Hi 1….1
I am interested in Cairns area. ( also Darwin, Townsville, Alice Springs)
I haven’t done much research yet but am interested to share any of the information that I find out so if you would like to keep in touch with me on this feel free to email [email protected]
They say tourism is starting to boom in Cairs and especially good time to invest in tourism props.
Why is it moving now? What has caused the market to move?.
I heard ( just general chat) that it is heavily based on the Japanese tourist market and any global events such as war etc will greatly effect this market.
The Nth Territory, could really boom as live trade and exports grow further, which is why I am interested in Darwin.
Cheers Isagold
111111
Participant
@111111
Join Date: 2003
Post Count: 29
February 18, 2003 - 2:44 am
Hi IsaGold
**********************************
They say tourism is starting to boom in Cairs and especially good time to invest in tourism props.
Why is it moving now? What has caused the market to move?.
I heard ( just general chat) that it is heavily based on the Japanese tourist market and any global events such as war etc will greatly effect this market.
**********************************
According to analysts,
(1) Sydney, Melbourne, Brisbane and Costal Region had been booming for the last couple of years and properties in Cairns are currently undervalued compared to those areas.
(2) Australian Air Line (Quantas), Virgin Blue started flying between Cairns and Asia Cities now (since last October) and that will bring extra 350,000 visitors to Cairns
I don’t mind sharing any of the information that you find out .
my email is [email protected]
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111111
allyman
Participant
@allyman
Join Date: 2003
Post Count: 14
February 18, 2003 - 4:19 am
Hello 111111 (is that enought 1’s?)
I am also interested in the Cairns area, but am slightly put off by the distance factor – I am from Sydney.
There has been recent discussion about purchasing in Cairns on the msn property investment group forum. Have you seen it? Worth a read.
If I am to spend $500 on airfare (x 2 for partner) I want to be pretty sure I can do a deal up there.
Where are you from, and are you planning on visiting the area before you buy?
Ally
111111
Participant
@111111
Join Date: 2003
Post Count: 29
February 18, 2003 - 4:34 am
Hi Allyman
I am also from Sydney. Last year, I went to Brisbane and purchased an IP there.
There were a few holiday apartments (in Cairns) advertised in Property Investor Magazine
For instance, Cameron Birds’ How to retire wealty. Most of the properties he recommends, are -ve geared and +ve cash flow.
If I can find out that Cairns is definitely going to boom, I might travel there.
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111111
matduqua
Member
@matduqua
Join Date: 2003
Post Count: 11
February 19, 2003 - 1:07 pm
Hi,
I also from Sydney & do like to buy an IP in Cairns.
Please count me in for any of your discussion & analysis.
matduqua
Member
@matduqua
Join Date: 2003
Post Count: 11
February 19, 2003 - 1:12 pm
Hi again,
I forgot to include my address [email protected].
Maybe we can travel together.