QLD Cairns, QLD

Discussion in 'Where to Buy' started by B-Mac, 10th Nov, 2015.

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  1. Whitecat

    Whitecat Well-Known Member

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    If you are going for Cairns go for a premium suburb (still going to be relatively cheap). Volatile market.
    I have lived there.
     
    Whitecat, 27th Mar, 2016
    #81
  2. Andrew H

    Andrew H Well-Known Member

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    @JenJen i scored a good one finally! will post details after i finish the cosmetic reno.

    One thing i have noticed with the new Cairns Plan 2016 that came in a couple of weeks ago is that Dual Occupancy is now SELF ASSESSABLE!! The dual occupancy code is also easy to follow. This saves heaps of mucking around and many properties in the cairns region would qualify for minimal work and then can be leased seperately. I'm planning on doing that with this new IP. Council will up the rates on a dual occupancy but the increased capital gain makes it very attractive. @Bran @bob shovel @Azazel @Verdie
     
    Andrew H, 28th Mar, 2016
    #82
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  3. bob shovel

    bob shovel Well-Known Member

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    @Andrew H I was looking at a Queenslander in Edmonton with dual occ potential but not many of the task estates were not familiar by the sounds

    Where did you buy? North, West or south of the cbd?
     
    bob shovel, 28th Mar, 2016
    #83
  4. Bran

    Bran Well-Known Member

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    Mine is already low medium residential, but anything that spurs development is encouraging.

    I'm sure I can make use of my block (over 900m2), I just haven't done it properly with a (paid) town planner as the end values just aren't worth it at the moment.
     
    Bran, 28th Mar, 2016
    #84
  5. Andrew H

    Andrew H Well-Known Member

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    @bob shovel
    I bought south about 5kms from cbd. Next to a major hub. Will do a larger post with details once i have finished the job.

    @Bran i'm pretty sure you only need a 600sqm block in low medium residential for dual occupancy which would make your size easily qualify in terms of sqm. May be an option for you.
     
    Andrew H, 29th Mar, 2016
    #85
  6. Bran

    Bran Well-Known Member

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    I can split mine in half and put a duplex on each half. It's LMR2/3. Problem is that the duplexes aren't worth the construction cost
     
    Bran, 29th Mar, 2016
    #86
  7. Andrew H

    Andrew H Well-Known Member

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    Yeah i wouldn't be constructing either. Plenty of properties around that can be split and turned into dual occ withouth construction.
     
    Andrew H, 29th Mar, 2016
    #87
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  8. JenJen

    JenJen Well-Known Member

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    Aquis development news in today's Cairns Post.

    Cheers

    Jen
     
    JenJen, 31st Mar, 2016
    #88
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  9. JenJen

    JenJen Well-Known Member

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    @Andrew H, that's great. Looking forward to seeing what you picked up.

    I noticed the Dual Occupancy changes in the new Cairns Plan 2016. Also, looks like a lot more areas zoned for higher density i.e LMR.

    Cheers

    Jen
     
    JenJen, 31st Mar, 2016
    #89
  10. Azazel

    Azazel Well-Known Member

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    Sounds like it's still moving.
    Back to a more realistic number like the original.
     
    Azazel, 31st Mar, 2016
    #90
  11. Andrew H

    Andrew H Well-Known Member

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    Awesome! I had lost faith in all governments. I wont be satisfied until i see earth moving, but looking forward to seeing the rest of the developers who have been waiting for this to start their projects now.
     
    Andrew H, 31st Mar, 2016
    #91
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  12. Andrew H

    Andrew H Well-Known Member

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    Herron Todd white report just came out. Looks promising. Airport passenger trend also up 10% thats huge!
     

    Attached Files:

    Andrew H, 31st Mar, 2016
    #92
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  13. Azazel

    Azazel Well-Known Member

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    Crikey, that is pretty good.
    Not sure what will happen if the $ keeps going up, but it takes a while to flow through.
     
    Azazel, 31st Mar, 2016
    #93
  14. Bran

    Bran Well-Known Member

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    Keep us up to date Jen. Thanks!
     
    Bran, 31st Mar, 2016
    #94
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  15. Bran

    Bran Well-Known Member

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    Ditto
    Sadly, HTW speak of a softening market. I think they left it in 'rising market' as they have no reasonable alternative.
    They need a 'dud' column.
     
    Bran, 31st Mar, 2016
    #95
  16. Azazel

    Azazel Well-Known Member

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    By the way, where did you find the picture of that james blunt muppet as a kid?
     
    Azazel, 31st Mar, 2016
    #96
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  17. Andrew H

    Andrew H Well-Known Member

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    This is in todays paper....every Cairns suburb showing postive growth (see attached). Some of them quite significant! Source Corelogic. Very positive considering nothing major infrustructure wise has happened yet but a lot in the pipeline. @JenJen @Azazel @bob shovel @Kinnon Bell @Bran
     

    Attached Files:

    Andrew H, 2nd Apr, 2016
    #97
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  18. bob shovel

    bob shovel Well-Known Member

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    bob shovel, 2nd Apr, 2016
    #98
  19. Azazel

    Azazel Well-Known Member

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    Me likey.
    Hope the naysayers who were poo pooing it have a good looksee too :)
    Might be time for another valuation soon.
     
    Azazel, 2nd Apr, 2016
    #99
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  20. Bran

    Bran Well-Known Member

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    Holy schmoke. Maybe I will become a millionaire this year. All I need is a $200 million portfolio and another year of that.
     
    Bran, 2nd Apr, 2016
    #100
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