QLD Cairns, QLD

I'm getting no interest...

 

Anyone got a pm south side they'd recommend? @Bran?

Need a second opinion

Also spoke with a principal. Cairns bottom last year or two. Getting more interest interstate, Melbourne investors inquiring more

 

I've got one Bob, I'll send you a PM about the PM in the AM.

 

Not really
My long term PM seemed to get the job done reasonable, but she has flicked us off to someone I don't know.
Another reason to get out.

 

Have you tried youi? They are very comprehensive and location specific, not just post code. They also go 1/100 year good level, not 1/50 like others... Which can be bad depending where you are

 

I got it down to $2500. With suncorp I think
I'm pretty sure youi declined coverage

 

That's better than a poke in the eye with a blunt stick.

 

Marginally.

 

can we do one of those group funding things for this PITA? would that stop the whinging!! lol

 

Cairns councillors expected to sign off on $550 million C3 towers

 

New plan approved today. No idea what it entails yet

CairnsPlan 2016 - Cairns Regional Council


For me, in low medium residential:
8m frontages
350m2 lot sizes (smaller if outcomes can be met)
multiunit dwellings
50% site area coverage (on my 900m2 lot, this allows sizeable dwellings over 2 stories).

This is better than it used to be...
Hmmm.

First open this weekend, ill let it ride for now

 

Let us know how you go!

 

Cairns was on the blacklist for ANZ financing units. Also read that Nova 8 went back to the drawing board late last year and replaced small one bedroom and studio apartments with 2 bedrooms to reflect "local"demand. So i read into, guessing, that they do not expect foreign off the plan buyers? I would not expect these projects to take off, maybe one tower? hope so but seems like nothing is happening. I would steer clear apartments personally. The council is not the smartest so will approve anything justify their existence even if it floods the pipeline with over supply.

Apartment lender blacklists 140 suburbs

The HMAS expansion is about the best project on offer atm but also the Northern Australian fund may provide some incentive to the private sector to look north but otherwise pretty dead. Tourism sector booming but has not filtered through much. Infrastructure sector awol There was so much spare capacity in hotels and restaurants for so long it may take a while just to reach capacity then may see some push for new hotel space which may generate excitement and jobs.

Its seems like for years now it is gunna happen, but never quite makes it.

 

Thanks for sharing. That's exactly my impression. I'm sure it will...

 

Pita is not that expensive you know...

 

Me too, but similar to Brisbane - it's good for the economy, maybe not so much for purchasers.

 

This peta is a pita as well.

 

I'm still waiting for offers, from you (collective) lot.

 

@Bran The way that the auction thread had been going you'll get offers over!

 

Hi Andrew H. I agree it's definitely moving, and more so in some market segments than others. I just got a client over the line on a property that had just one open for inspection, and 41 groups through it!!! That might not seem unusual for Sydney, but it's unheard of in Cairns. You definitely can't take you eye off the market for a minute, especially when you are as close to making a deal as you are. I'm also seeing a significant proportion of cashed up buyers.

Some segments appear to have softened somewhat, perhaps influenced by APRA restrictions on investors?

Cheers

Jen