Cairns News Report – 20th July 2019

cairns mortgage broker jason thomson

 

Welcome to this weeks edition of my Cairns News Report, a complimentary ‘week in review’ of all the pertinent news stories on what’s happening around Cairns.

A few of the top news stories from last week included:

  • a new report forecasts residential property to rise by 6 per cent over the next three years;
  • FNQ’s biggest residential developer had their building licences suspended by the QBCC, only to be reinstated a short time later; and
  • the number of Australian’s holidaying in the Far North had slipped by 46,000 in the 12 months to end of March.

If you missed any of the top Cairns news stories from last week, here they all are in full below. Just click the title to read the full story.

If you ever have any comments or queries, or if I can help you in any way, please don’t hesitate to connect with me. I’d love to hear from you!

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Let’s Get This Done, Cairns Post e­-Paper – The Cairns Post ­ – 15 Jul 2019

Far North mayors have issued a plea to the State Government to release business case studies into crucial infrastructure saying the region is “running out of time”. Building Queensland has complete a detailed business care for the Cairns Convention center in partnership with the Department of housing and public works and for Nulinga Dam after discussions with sunwater and the Department of Natural Resources, Mines and Energy.

Report Says Home Prices Will Rise 6pc, Cairns Post e­-Paper – The Cairns Post ­ – 15 Jul 2019

Buyers are already speculating on a market rise as a new report reveals Cairns is in for growth over the next three years. BIS Oxford Economics’ Residential Property Prospects 2019 to 2022 report, released today, showed a total rise of 6 per cent forecast for the Far North city.

$35M Joint Plan to Set up ‘University School’, Cairns Post e­-Paper – The Cairns Post ­ – 15 Jul 2019

A RAPID pathway to postschool studies will be opened up to Cairns High students under a $35 million plan to create Queensland’s first comprehensive university school. CQUniversity and Cairns State High School will today announce the ambitious plan, which will include new infrastructure and a specialist curriculum for the CBD high school.

Bid to Boost PNG Ties, Cairns Post e­-Paper – The Cairns Post ­ – 16 Jul 2019

Forging new trading ties between Cairns and Papua New Guinea will be a chief focus for Senator Nita Green in her new position on Labor’s Regional Trade Taskforce for Northern Australia. The new Cairns-based senator has been appointed secretary of the group tasked with discovering the best ways to support industries and economic growth across the north.

Resort Plans Gaining Traction, Cairns Post e­-Paper – The Cairns Post ­ – 16 Jul 2019

Paradise Palms’ developer hopes to get cracking on transforming the Kewarra Beach golf course into a new residential estate for Cairns’ northern beaches after the coming wet season. PPNQ Developments has lodged a development application with Cairns Regional Council to transform the former 18-hole premier golf course into a mixed-use residential subdivision.

Wicked Spot Caught Without Permission, Cairns Post e­-Paper – The Cairns Post ­ – 16 Jul 2019

Cairns Regional Council is demanding a controversial hire car company formalise its use of a prime slice of city real estate. A request for a permit was lodged with the council last week when it was discovered the Wicked Campers car lot on Sheridan St had been operating unlawfully. A council compliance officer wrote to the company asking why enforcement action shouldn’t be taken.

Targa Drives New Course to Mareeba, Cairns Post e­-Paper – The Cairns Post ­ – 17 Jul 2019

The Tablelands town will get two stages of the 214kmlong course and a lunch stop during the three-day event from August 30-September 1. Plans to include a section of the Captain Cook Highway between Palm Cove and Port Douglas, the Rex Range between Mossman and Julatten and Mission Beach are on hold for further talks with councils. Targa Australia chief executive Mark Perry said organisers had promised to include Mareeba this year.

Region Hit By Visitors Number Fall, Cairns Post e­-Paper – The Cairns Post ­ – 17 Jul 2019

The number of Australians holidaying in the Far North has slipped in the first quarter of 2019. Last year, a record 2.1 million Australians visited the region and spent $2.4 billion from January to December. But in the 12 months to the end of March this year, the National Visitor Survey statistics show decreases to 2.019 million and $2.26 billion, falls of 46,000 people and $140 million in spending.

Grand Central, Cairns Post e­-Paper – The Cairns Post ­ – 18 Jul 2019

The city’s prime retail hot spot Cairns Central is set for a $60 million makeover – its first major renovation in decades. Supermarket giant Woolworths will step into the centre as Myer reaffirms its long relationship with Cairns in a fresh single-floor layout. THE city’s flagship shopping centre is about to undergo a $60 million transformation to secure its foothold for decades to come.

Backpacker Industry ‘Going Strong’ in FNQ, Cairns Post e­-Paper – The Cairns Post ­ – 19 Jul 2019

The interstate owners of a revamped Lake St backpackers are eyeing the Port Douglas and Tablelands market for a possible future venture. Adrian and Nathan Somerville’s Summer House Backpackers on Lake St opened earlier this year, the latest in a spate of renewed investment in the Cairns hostel market. The 300-room venue is on the site of the former Nomads Cairns Hostel site.

 

 

Builder in Limbo, Cairns Post e­-Paper – The Cairns Post ­ – 19 Jul 2019

The reputation of Far North Queensland’s biggest residential developer is on the line following the suspension of its building licences amid concerns over its finances. More than 150 subcontractors building 70-plus new houses have been told not to turn up to work until Kenfrost Homes can get the all-clear to get back on the tools. he Queensland Building and Construction Commission issued the company, owned by veteran developer John Richardson, with licence suspensions on Wednesday.

Overhaul for Bunnings Site, Cairns Post e­-Paper – The Cairns Post ­ – 19 Jul 2019

The old Bunnings Warehouse megastore at Portsmith is about to undergo a multimillion-dollar redevelopment after years of speculation about its future. The massive 6500sq m Spence St building has sat vacant since the hardware giant moved to its current location on Kenny St in 2015, directly opposite its now-defunct arch nemesis Masters Home Improvement.

Senator to Make Region a Priority, Cairns Post e­-Paper – The Cairns Post ­ – 19 Jul 2019

Newly-Elected Senator Susan McDonald is vowing to fight for regional Queensland’s slice of the pie during her first visit to the Far North. Conceding the shoes of outgoing senator Ian Macdonald were big boots to fill Ms McDonald said she would continue his legacy of advocating for Northern Queensland.

Ban on Builder Lifted, Cairns Post e­-Paper – The Cairns Post ­ – 20 Jul 2019

The extra long weekend is about to end for more than 150 subcontractors forced to drop tools after the city’s biggest residential builder had its licences suspended. Kenfrost Homes was ordered to cease all work earlier this week after the Queensland Building and Construction Commission raised questions about its financial position. The company’s general manager Adam Gowlett said staff and subcontractors would be back in action on Monday.

Holidaymakers Give Hope, Cairns Post e­-Paper – The Cairns Post ­ – 20 Jul 2019

Tourism leader are hopeful the winter school holidays will have boosted the number of visitors to the region after a lackluster start to the year. The Cairns Post reported on Wednesday that the number of Australians holidaying in the Far North had slipped by 46000 in the 12 months to the end of National Visitor Survey Statistics.

Plea to Put More Acts on Big Outdoor Stages, Cairns Post e­-Paper – The Cairns Post ­ – 20 Jul 2019

A Cairns councillor has broken ranks to condemn an alleged stifling of the Cairns performing arts community by closing the gates on the use of Munro Martin Parklands in Cairns CBD. Cr Richie Bates said under utilization of the park, which benefited from a $10 million refurbishment 2016, had forced the hosting of entertainment events into venues not designed for the purpose.

Rydges Sells to Chinese Oil Boss for $65 Million, Cairns Post e­-Paper – The Cairns Post ­ – 20 Jul 2019

The Rydges Esplanade Hotel in Cairns has been sold Chinese interests for $65 million. It was sold by Malaysia’s Mulpha, which owns Hayman Island to a company co-directed by Chinese oil boss Huo Zhenxiang. It fell $5 million short of the $70 Million asking price. Its book value was $35.8 million.

Turning The Tide, Cairns Post e­-Paper – The Cairns Post ­ – 20 Jul 2019

Tour operators are hiring highly-trained master reef guides to give visitors to the Great Barrier Reef the best commentary and interpretation of the marine wonderland. As the 2300km-long ecosystem bounces back from coral bleaching, crown of thorns starfish outbreaks and cyclone damage, the industry is preparing a new wave of experts to help spread the message globally that the Reef is far from a dead aquatic wasteland.

Reef Guides Set Standard, Cairns Post e­-Paper – The Cairns Post ­ – 20 Jul 2019

An embryonic network of the most highly trained marine guides on earth is leading the Far North tourism industry’s frontline charge to share the Great Barrier Reef with the world. These marine biologists, chosen through a rigorous selection process, are subjected to a perpetual training regimen under some of the world’s leading tourism experts. They are even schooled in public speaking and body language by Australia’s most prestigious drama academy.

Sea Life Thrives as Coral Blooms, Cairns Post e­-Paper – The Cairns Post ­ – 20 Jul 2019

She was writing her thesis when she lost all her data and had to make a tough decision to leave university to conduct her own studies in person. “When I was there, you’d go out to the Reef maybe three times a year … most of the time you are inside,” she said. “When you’re on the island and on the Reef every day, there’s a much better chance of seeing things change. “I made the right choice.”

 

 

Cairns Mortgage Broker – Jason Thomson is a Mortgage Adviser and Finance Broker based in Cairns with clients all around Australia. Client reviews featured on his website prove that Jason is a trusted industry professional, facilitating great outcomes for his clients. Using his wealth of experience in financial services, he thrives on delivering superior service. Jason is very approachable and is always looking for new clients to help in the often confusing world of finance and property. Offering a no fee service, you’ve got nothing to lose by having an obligation free chat with Jason today.

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