Op­ti­mism reigns for year anew

The Weekend Post - Real Estate - - Real Estate - with Paul Stir­ling Paul Stir­ling, Ray White Cairns Beaches

AS we welcome the start of the new fis­cal year, many prop­erty own­ers may be won­der­ing, “What changes may oc­cur in the Cairns mar­ket­place dur­ing the next 12 months?” A rise in the me­dian price value of ap­prox­i­mately 5 per cent was forecast for the Cairns mar­ket­place for the cal­en­dar year of 2015. From cur­rent mar­ket­place ev­i­dence, I be­lieve we can be of the opin­ion that we are “on track”. A “shot of con­fi­dence” into this re­gion – the com­mence­ment of one of the many mooted projects cur­rently planned for our com­mu­nity – will reap enor­mous ben­e­fits. The re­cent fall in the value of the Aus­tralian dol­lar will have a flow-on af­fect for Cairns on two fronts: a) Aus­tralia (Cairns) be­comes more of an af­ford­able and there­fore at­trac­tive des­ti­na­tion for over­seas tourists; b) We, as tourists, have less buy­ing power for in­ter­na­tional des­ti­na­tions and there­fore may hol­i­day “at home” this and next year. So with ex­pected in­creases in tourism num­bers and bet­ter room rates, we should see this flow on into the com­mu­nity re­sult­ing in in­creased em­ploy­ment and spend­ing. The fis­cal year ahead will no doubt be ex­cit­ing in­deed.

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