Prop­erty ad­viser says Cairns and re­gion is set to boom

Port Douglas & Mossman Gazette - - FRONT PAGE -

A NA­TIONAL prop­erty in­vest­ment ad­viser says Cairns is on the cusp of a boom and is rec­om­mend­ing his small clients start buy­ing res­i­den­tial prop­er­ties in the city now. Prop­er­ty­ol­ogy’s Si­mon Pressley says the city is one of nine in Aus­tralia with above av­er­age cap­i­tal growth po­ten­tial. ‘‘I’m not sure whether Cairns res­i­dents re­alise just how ex­cit­ing this next decade is go­ing to be. Prop­er­ty­ol­ogy be­lieves that the next decade could pro­duce prop­erty ric- hes not seen in Cairns since the days of the Christo­pher Skase and Ja­panese tourism boom of 20-odd years ago,’’ he says.

Mr Pressley says Cairns is ‘‘pri­or­ity num­ber one for a ma­jor­ity of Asian tour- ists. Cairns is al­ready ac­ces­si­ble by a di­rect flight from many Asian cities. The Great Bar­rier Reef, Table­lands, and re­laxed life­style are of enor­mous ap­peal to Asian peo­ple,’’ he says.

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