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Prices Expected to Bounce Back BUYING SELLING INVESTING AUGUST 2017 ON CAIRNS LATEST NEWS PRICES EXPECTED TO BOUNCE BACK A BUYER’S GUIDE SUBURB PROFILES YOUR COMPREHENSIVE ROUND-UP OF CAIRNS SUBURBS INCLUDING THE LATEST STATISTICS GETTING STARTED WHERE TO BUY SNAG TOP DOLLAR PRIMED FOR INVESTMENT HOW TO GET YOUR LOCATION, LIFESTYLE AND HOW TO PREPARE EXPERTS TIPS TO FOOTING ON THE PRICE: WHICH SUBURBS YOUR PROPERTY START BUILDING PROPERTY LADDER TICK THE BOXES FOR SALE YOUR PORTFOLIO V1 - CCPE01Z01FC INSIDE BUYING SELLING INVESTING Selecting a spotAUGUST 2017 Lifestyle, location and price continue to be decisive factors for buyers looking at the Cairns property market. Softer market conditions mean budding buyers are spoiled for choice in the region, with the level of affordability high across the board, particularly in “lower-end” suburbs. Personal space Stylist Gerlinda Stella has found a way to ON combine a large family with a demanding business in the one space – her home at Edge Hill near the Cairns CBD. The property has an abundance of room and is CAIRNS finished off with a few personal touches made by the style guru herself. SUBURBLATEST NEWS PROFILES P24 - Aeroglen P25 - BayviewPRICES Heights P26 - Bentley Park P27 - Brinsmead EXPECTEDP28 - Cairns City P29 - Caravonica P30 - Clifton Beach TOP31 - Earlville BOUNCE ON THE COVER: P32 - Edge Hill The Cairns CBD at about 6pm, just on P33 - Edmonton sunset. Photo by Brendan Radke. P34 - Freshwater BACK P35 - Gordonvale Sold On Cairns is a special publication of the P36 - Holloways Beach Cairns Post. Editors: Jennifer Spilsbury, Sian P37 - Kamerunga Jeffries. Journalists: Hayden Smith, Rowan P38 - Kanimbla Sparkes. Designer: Jay Tweedie. P39 - Kewarra Beach P40 - Machans Beach P41 - Manoora INDEX P42 - Manunda P6 - Cairns market overview P43 - Mooroobool P8 - Getting on the property ladder P44 - Mt Sheridan P9 - Suburbs that tick the boxes P45 - Palm Cove P10 - Estate living P46 - Parramatta Park P11 - Money essentials for buyers P47 - Redlynch P12 - Financing renovations P48 - Smithfield P14 - How to get top dollar at market P49 - Stratford P15 - Choosing a real estate agent P50 - Trinity Beach A BUYER’S GUIDE P16 - At home with P51 - Westcourt P18 - Move or improve your home P52 - White Rock P20 - Build your property portfolio P53 - Whitfield SUBURB P22 - Beat interest rate creep P54 - Woree PROFILES P23 - Selling with tenants P55 - Yorkeys Knob YOUR COMPREHENSIVE ROUND-UP OF CAIRNS SUBURBS INCLUDING THEONE LATEST STATISTICS CALL EMERGENCY REPAIRS • All Roof Tiling Restorations • All Roof Tiling Repairs Including Metal Roofs • GutterGETTING Repairs STARTED and Replacement WHERE TO BUY SNAG TOP DOLLAR PRIMED FOR INVESTMENT • Pre-Cyclone Roof Check HOW TO GET YOUR LOCATION, LIFESTYLE AND HOW TO PREPARE EXPERTS TIPS TO FOOTING ON THE PRICE: WHICH SUBURBS YOUR PROPERTY START BUILDING 0408 744 892 07 4057 6444 SimonPROPERTY Adsett LADDER or TICK THE BOXES FOR SALE YOUR PORTFOLIO 02 [email protected] CAIRNS POST / THE CAIRNS WEEKEND POST, Wednesday, August 23, 2017 CCPE01Z01FC - V1 2 | SOLD ON CAIRNS | AUGUST 2017 V1 - CCPE01Z01FC FROM THE EDITOR, JENNIFER SPILSBURY Much to stay positive about Whether you’re buying or selling, there is evidence to say Cairns is emerging as a leader in a regional resurgence IT is an interesting time in real estate. FNQ’s robust tourism sector. While the jewel of the Far North has In contrast, residential property fared much better than its regional appears to be in a holding pattern. counterparts, Townsville and Mackay, REIQ Cairns zone chairman Tom in recent times the market is restless. Quaid describes the mood of Cairns The Cairns economy has been qui- well. etly doing the hard yards for several “Cairns has been at the tipping years but has gathered much momen- point of going from good to great for tum with the arrival of cranes on the some time, experiencing near record- skyline and long-awaited positivity in low rental vacancies, increasing the unemployment rate over the past yields, tight supply in many areas and six to 12 months. the added benefit of interest rates The arrival of Syrian billionaire being at some of their most affordable Ghassan Aboud’s GA Group has in- levels.” jected excitement. There is a belief that the buoyancy Seemingly for years eyes were of commercial development, growing glued, and investment put on hold, to tourism, more jobs and big-ticket the Aquis casino resort plan. funding announcements – from the Refreshingly, headlines on the GA State Government including $150m Group’s trinity of CBD hotel develop- for the Smithfield bypass, $60m for ments have been followed by action the dredging of Trinity Inlet and a and as a result, residents and inves- $176m commitment to expand the tors are growing in confidence about Convention Centre – will flow on. the projects and what else may unfold The following information has for the city. been collated and produced so that Along with Cairns Regional Coun- you are armed with the best know- cil’s CPAC development and the soon- ledge of the Cairns property market to to- be opened aquarium, commercial ensure you get the most out of your in- development is keeping pace with vestment whether buying or selling. ST MARY’S Catholic College Strong Foundation - Bright Future Limited spaces available for 2018 ENROL NOW! We are proud of our achievements and look forward to giving your child a bright future. 4 | SOLD ON CAIRNS | AUGUST 2017 Catholic Schools and Colleges in the Cairns Diocese Choose the Cairns Suburban Region Northern Region Catholic school Bentley Park – St Therese’s School Cooktown – Holy Spirit College 4055 4514 www.stthereses.qld.edu.au 4069 6042 www.holyspiritcollege.qld.edu.au difference for Cairns City – St Monica’s College Mossman – St Augustine’s School your child 4042 4800 www.stmonicas.qld.edu.au 4098 1631 www.staugs.qld.edu.au Earlville – Our Lady Help Thursday Is. – Our Lady of the of Christians School Sacred Heart School 29 schools and colleges 4054 2566 www.olhoc.qld.edu.au 4069 2203 www.olsh.qld.edu.au in the Cairns region Gordonvale – St Michael’s School Weipa – St Joseph’s Parish School 4056 1614 www.stmichael.qld.edu.au 4069 9500 www.stjosephsweipa.qld.edu.au Manoora – Holy Spirit College Atherton Tablelands Region 4053 4550 www.holyspiritcollege.qld.edu.au Manunda – St Francis Xavier’s School Atherton – St Joseph’s School 4037 9900 www.xaviercairns.qld.edu.au 4091 4211 www.stjoeys.qld.edu.au Mount Peter – MacKillop Catholic College Dimbulah – St Anthony’s School 4045 5262 www.mackillopcatholiccollege.qld.edu.au 4093 5319 www.sta.qld.edu.au North Cairns – Mother of Good Counsel School Herberton – Mount St Bernard College Thursday 4096 1444 www.msb.qld.edu.au Island 4053 6133 www.mogc.qld.edu.au Parramatta Park – St Augustine’s College Mareeba – St Stephen’s Catholic College 4051 5555 www.sac.qld.edu.au 4086 2500 www.sscc.qld.edu.au Parramatta Park – St Joseph’s School Mareeba – St Thomas’ School 4051 4041 www.stjosephscairns.qld.edu.au Weipa 4092 1570 www.stthomasmareeba.qld.edu.au Redlynch – St Andrew’s Catholic College Ravenshoe – St Teresa’s School 4039 5200 www.standrewscc.qld.edu.au 4097 6173 www.stteresas.qld.edu.au Cairns Suburban Region Trinity Park – Holy Cross School Innisfail / Johnstone Region Trinity Park 4057 6920 www.holycross.qld.edu.au Woree – St Gerard Majella School Babinda – St Rita’s School 4054 4805 www.sgmcairns.qld.edu.au 4067 1467 www.stritasbabinda.qld.edu.au Woree – St Mary’s Redlynch North Catholic College Innisfail – Good Counsel College Cairns CAIRNS Cooktown 4044 4200 www.smcc.qld.edu.au 4063 5300 www.gcc.qld.edu.au Manunda Parramatta Park Earlville Innisfail – Good Counsel Primary School 4061 2994 www.gcps.qld.edu.au Woree Mossman Silkwood – St John’s School Bentley Park Mareeba 4065 2193 www.stjohnssilkwood.qld.edu.au Dimbulah Cairns ‘Preparation for Babinda South Johnstone – St Rita’s School Atherton a life of worth, Mount Peter Herberton Innisfail 4064 2153 www.stritascps.qld.edu.au Ravenshoe not merely a Sth Johnstone Tully – St Clare’s School Silkwood Gordonvale life of work’ 4068 1527 www.stclares.qld.edu.au Tully V1 - CCPE01Z01FCCatholic Education Diocese of Cairns Ph: 4050 9700 www.cns.catholic.edu.au/our-schools MARKET OVERVIEW THE stars have aligned for the Cairns property Rental vacancies rates are tight and, with a lack market and real estate experts believe it is only a of new unit stock on the market, appear likely to matter of time before prices start to bounce back. remain so for the foreseeable future. The Cairns market continues to outperform “Cairns has been at the tipping point of going nearby regional centres like Townsville and Mack- from ‘good’ to ‘great’ for some time, experiencing ay – where real estate prices have plummeted – near record-low rental vacancies, increasing while sales and values in the Far North city have yields, tight supply in many areas and the added Far North largely flatlined in recent years. benefit of interest rates being at some of their most With the end of 2017 looming, much of the affordable levels,” Mr Quaid said. local real estate industry rhetoric is centred on the “It doesn’t need much to move forward and fact that the string of tourism-driven commercial with improving conditions for employment that developments underway in Cairns – and subse- might just be the right catalyst to do the job. staying quent increasing employment rate – is taking “We see every opportunity for the Cairns prop- longer than expected to translate into property erty market to perform well as we move towards price growth. the end of the year, though continue to look for But REIQ Cairns zone chairman Tom Quaid that catalyst that can make the difference between believes that, just like last year, the region’s prop- a strong finish and a fantastic year overall.” on course erty market is on course to finish 2017 with a wet Troy McGuane, managing director of Elite sail.
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