Pre­pare to cash in on win­ter

The Weekend Post - Real Estate - - Real Estate -

WATCH­ING the open­ing games of the AFL sea­son in Mel­bourne, it was easy to spot the bean­ies and scarfs in the crowds. And it wasn’t sim­ply a case of fans sup­port­ing the team colours – win­ter is set­ting in down south. Air­lines and the Bruce Hwy will soon carry the an­nual con­voy of south­ern­ers es­cap­ing to the trop­ics. Cairns’ me­dian house price has just nudged $400,000, with strong rental re­turns. That fig­ure is be­low a me­dian Mel­bourne unit ($433,545). With that in mind, trav­ellers will have in­vest­ments in their sights. In the eyes of in­vestors, Cairns’s af­ford­abil­ity of­fers healthy rental yields. But many in­vestors are also op­ti­mistic of cap­i­tal growth through­out the city in light of the eco­nomic out­look. The softer Aus­tralian dollar – which even reached par­ity with New Zealand this month – will be a bonus for the lo­cal tourism in­dus­try over the com­ing year, with the real es­tate mar­ket ben­e­fit­ing from the flow-on ef­fects. If sell­ers want to cap­i­talise on the win­ter in­ter­est, now is the time to ready their prop­er­ties for sale: fix­ing up im­per­fec­tions and styling to make their prop­er­ties stand out in the mar­ket­place. Ross Moller, LJ Hooker Cairns Edge Hill prin­ci­pal

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