Land sales siz­zle in Kan­im­bla hot spot

The Weekend Post - Real Estate - - Front Page - BIANCA KEE­GAN

in your­self, it is worth con­sid­er­ing buy­ing an in­vest­ment prop­erty ...

“The rental va­cancy rate is low and re­turns are much greater than in­ter­est rates, and there is po­ten­tial for cap­i­tal growth if you buy in the right ar­eas.”

A short­age of land close to the city is also driv­ing sales.

“If the laws of sup­ply and de­mand kick in, this would in­di­cate growth, Ms Grose said.

“Buy­ers to­day are very fo­cused on want­ing new, fresh and up-to­date homes, which is why land sales are strong every­where.

“Those who wish to sell older homes re­ally must keep them up- to-date and freshen them up be­fore plac­ing them on the mar­ket, oth­er­wise they will be pe­nalised or over­looked by a large per­cent­age of buy­ers.

“I have been work­ing through many years of ups and downs in Cairns, so I do not take the good years for granted.”

RECORD BLITZ: Cairns Prop­erty Of­fice real es­tate agent Ali­son Grose has sold 20 prop­er­ties in one month, most of them in Kan­im­bla.

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