Plenty of op­ti­mism in Cairns

The Weekend Post - Real Estate - - Real Estate -

THE trend to­wards record low in­ter­est rates has sig­nif­i­cantly im­proved af­ford­abil­ity for first home buy­ers and in­vestors, as well as up­graders who have ac­crued eq­uity in their cur­rent prop­er­ties. How­ever, with any mone­tary in­ter­ven­tion, some ben­e­fit and some don’t. Re­tirees who de­pend on the per­for­mance of their in­dus­try, re­tail, em­ployer or other su­per­an­nu­a­tion fund would be con­cerned with the im­pact the record low cash rate is hav­ing on the re­turns of low-risk in­vest­ments such as term de­posits. Con­versely, peo­ple with Self-Man­aged Su­per Funds (SMSFs) are en­joy­ing greater di­ver­sity in their port­fo­lios, adding prop­erty to bol­ster their re­tire­ment sav­ings plan. In Cairns, cur­rently, there is plenty of op­ti­mism in prop­erty in­vest­ment for mul­ti­ple rea­sons. There’s en­cour­ag­ing signs for the tourism in­dus­try with the RBA aim­ing to rein in the Aus­tralian dol­lar. There are also plans for new tourism and ed­u­ca­tional fa­cil­i­ties. Cur­rently, in­vestors can find ten­anted prop­er­ties through­out the city re­turn­ing gross yields of be­tween seven and eight per cent in Cairns – a very hand­some re­turn for those with SMSFs. Added to that, there is the chance of cap­i­tal growth in your in­vest­ment when tak­ing a long-term view, as you al­ways should. Ross Moller, LJ Hooker Cairns Edge Hill

Newspapers in English

Newspapers from Australia

© PressReader. All rights reserved.