Cairns Property News – September 2022

Spring selling season is here, traditionally the best time to sell your property!

According to CoreLogic, the national dwelling values have fallen for the fourth consecutive month, along with that the selling conditions in the unit markets have continued to weaken. Despite this the rents continues to rise across Australia’s unit markets.

On a less localised focus, which country.. (with a property market bigger than the US stock market and has a value between $55tn - $60tn) ..do you think is trying to fend off what could be the biggest property crash the world has ever seen?  It is the same country that rescued the world economy during the global financial crisis of 2008-09 with a stimulus of 4tn yuan, China.

The decrease in construction and land sales is crippling local Chinese governments as developers are going bust after being deprived of easy credit and homeowners are refusing to pay mortgages on unfinished homes. China is currently trying desperately to absorb billions of dollars of dud property loans, and their economy is currently under threat with the medium to long term consequences of this are yet to be seen. Source: SQM Research.com.au

Need a good excuse to downsize? I now have all the information about the Over 50's Lifestyle Resort Botanica at Caravonica, the perfect haven to move into if you no longer want to spend your weekends mowing the lawn or cleaning your oversized home. See the listing here.

If ever you sell, I'd love to do it for you
Daniel Sheehan

0409 265 326