All Topics / The Treasure Chest / what are your thoughts on investing in Cairns??

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  • Profile photo of KristineKristine
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    @kristine
    Join Date: 2003
    Post Count: 100
    August 27, 2003 - 1:01 pm

    Hi I am thinking very seriouslly about buying my 1st IP in Cairns what do others think about this place is it more for holiday makers or does it have real potential???? THANKS HEAPS IN ADVANCE[:)]

    Profile photo of SachSach
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    @sach
    Join Date: 2003
    Post Count: 91
    August 27, 2003 - 2:49 pm

    yeah for sure, well from a sporting point of view
    in which general aussies love their sport, they
    made a new cricket stadium there and they will
    play international 1 dayers and test matches.
    Plus their NBL (basketball) team is doing great.
    DEFINITLY. Good to hear you enjoy ur job. You a
    Melbourne-er?

    Profile photo of KristineKristine
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    @kristine
    Join Date: 2003
    Post Count: 100
    August 27, 2003 - 11:01 pm

    yes i am good guess….North East Suburb in Diamond Creek and you???

    Profile photo of rippripp
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    @ripp
    Join Date: 2003
    Post Count: 16
    August 27, 2003 - 11:10 pm

    Hi,

    I live in Cairns and the prices here have gone through the roof at the moment.

    Ive been looking around in this area for IP’s but the boom almost makes it impossible to find anything that you could positively gear.

    Hopefully prices have reached there peak and things will tamper down….

    Profile photo of motivatedmotivated
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    @motivated
    Join Date: 2003
    Post Count: 26
    August 27, 2003 - 11:34 pm

    I also have been considering Cairns and have come across a few positive cash properties. Mainly units in the city. There is also a big demand for rental properties and agents have waiting lists for tennants wanting 2 bed units and 3/4 bed houses.

    Profile photo of RedliliaRedlilia
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    @redlilia
    Join Date: 2003
    Post Count: 25
    August 28, 2003 - 4:49 am

    I saw an ad today about the land and house package
    in Redlynch in Cains. I think it is close to Cains
    CBD. The price starts from $280k. How about Redlynch? Ad says the rental market is very good in Cains. Are there many business in Cains city?

    I always think it is tourist city.

    Profile photo of rippripp
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    @ripp
    Join Date: 2003
    Post Count: 16
    August 28, 2003 - 4:56 am

    Redlynch is about 30 minutes from the cairns cbd and alot of ppl seem to be throwing there money aware there on overpriced property.

    do remember cairns isnt sydney…

    Profile photo of M1in24M1in24
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    @m1in24
    Join Date: 2003
    Post Count: 6
    August 28, 2003 - 3:40 pm

    I have just spent 2 weeks (should have been on holiday but got distracted!) in Cairns. Placed three offers and won one. After VERY intensive searching, the one I purchased is one of the few remaining +ve geared properties in Cairns – unless you want to have your tenant live amongst the sand flies in White Rock!

    John.

    Profile photo of motivatedmotivated
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    @motivated
    Join Date: 2003
    Post Count: 26
    August 29, 2003 - 12:59 am

    Hi John,

    Did you buy in heart of Cairns? Did you buy unit or house? I am also visiting a few areas in QLD very soon and Cairns will be one of them.

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