Cairns Property View – February 2020

Cairns Property View – February 2020

A recent National Valuers report indicates the Cairns economy is marginally improving as current business conditions remain tough. A slowdown in tourism, soft construction activity and a flattening employment growth are all contributing. Similarly the Cairns property market has continues to plod along with its fundamental state remaining unchanged.

Mission Beach – the recent settlements by developer Mayfair 101 Group of over 100 properties there worth more than $70 million is set to boost their economy. Most of the residential houses will be used as holiday accommodation, the remainder to house construction workers involved with the Dunk Island redevelopment.

Just what we don’t need to effect our tourism industry.. bookings worth $10 million have been cancelled so far in the Far North after flights to China were suspended to stop the spread of Coronavirus.

Cairns Council are continuing to forge ahead with improvements to our fair city, some of these include 49 streets had pavement improvements or asphalt overlays, 240 new car parks created in the hospital precinct, 2,438 tonnes of green waste disposed during the 2 free green waste events.

Onward & upward!

Daniel Sheehan – selling real estate properly for you.
0409 265 326