Auc­tions de­liv­er­ing re­sults

The Weekend Post - Real Estate - - Real Estate - with Ross Moller

CAIRNS in Au­gust is the envy of the coun­try. With days com­fort­ably hov­er­ing around the mid20 de­grees, it’s the per­fect time for buy­ers to be out in the prop­erty mar­ket. In terms of the rental mar­ket, va­cancy rates are quite tight at the mo­ment, al­low­ing in­vestors to re­ceive en­cour­ag­ing re­turns. Short-term and hol­i­day rentals have again been very pop­u­lar this win­ter. The lower Aus­tralian dol­lar has also made spend­ing win­ter here more at­trac­tive than over­seas. For owner oc­cu­piers, record-low in­ter­est rates mean there has never been a bet­ter time to trade up than now. The auc­tion mar­ket is prov­ing to be an ef­fec­tive sales tac­tic for sellers. Re­cently, our of­fice auc­tioned a full du­plex in Ma­nunda with de­vel­op­ment po­ten­tial. The prop­erty at­tracted nine bid­ders, with the com­pe­ti­tion pro­vid­ing a great re­sult on the day. While we hear of un­sus­tain­able growth in cities like Syd­ney and Mel­bourne, Cairns has been for­tu­nate to ex­pe­ri­ence steady growth. Ac­cord­ing to the latest LJ Hooker myMar­ket Re­port, Woree houses have been a very pop­u­lar area for house hun­ters, while West­court has been pop­u­lar for in­vestors seek­ing out rental re­turns for units. Ross Moller, prin­ci­pal LJ Hooker Cairns Edge Hill

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