Cairns News Report – 21st September 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:

  • Cairns could be in the running for Virgin’s first route to Japan;
  • Dunk Island has a buyer, with ambitious plans for the island and Mission Beach; and
  • The scenic drive from Cairns to Cape Tribulation has been ranked the worlds best road trip by an international company.

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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Price Increase on Horizon, Cairns Post e­-Paper – The Cairns Post ­ – 16 Sep 2019

Cairns homeowners will welcome news of median house prices which are set to rise by 8 per cent by 2022. The QBE Housing Outlook report 2019-2022 predicts median house prices across Cairns will rise to $440,000 by June 2022. At June this year, the median price was $415,000 and over the past three years there has been a 1.5 per cent increase.

Plan for Reef Rescue, Cairns Post e­-Paper – The Cairns Post ­ – 16 Sep 2019

The woman entrusted to dole out $444 million of Federal Government money to help save the Great Barrier Reef says coral is “naturally resilient” but investment in technology would go a long way to combating threats to its health. Great Barrier Reef Foundation managing director Anna Marsden is in Cairns today to host information sessions on the recently released Reef Trust Partnership Annual Work Plan.

Home Price Drop Not Painting ‘Full Picture’, Cairns Post e­-Paper – The Cairns Post ­ – 17 Sep 2019

Potentially worrying numbers shown in CoreLogic’s September report for two Cairns suburbs do not paint the full picture, according to REIQ Cairns zone chairman Tom Quaid. The report showed in the past 12 months the median prices of homes in Kamerunga and Bungalow dropped by 19.3 per cent and 14.9 per cent respectively – the two largest drops of all Cairns suburbs.

Demand for Schools ‘Being Met’ in FNQ, Cairns Post e­-Paper – The Cairns Post ­ – 17 Sep 2019

The far North appears to be keeping pace with demand for primary schools, despite an extra 697 new primary school needed Australia-wide to cope with unexpected demand the nation has already seen a 5per cent increase in enrolment- an extra 200000 pupils – across 9477 primary and secondary schools from 2014 to 2018, according to the Australian Bureau of Statistics.

City’s Green Zone, Cairns Post e­-Paper – The Cairns Post ­ – 18 Sep 2019

A world heritage centre to mirror international attractions in Japan and UK could be incorporated into Cairns’ Global Tourism Hub. The Wet Tropics Management Authority (WTMA) is pitching its decade – Old Heritage Gateway proposal for the Sate Government’s planned Global Tourism Hub. The Multimillion – dollar gateway would act as a central meeting point where visitors and locals could engage and be inspired to experience. The gateway proposal was first envisaged in 2010.

Local Jobs a ‘Priority’, Cairns Post e­-Paper – The Cairns Post ­ – 18 Sep 2019

Tenderers for the $176 million Cairns Convention Centre expansion will have to prove how they will use local tradies and businesses to supply goods and services. Housing and Public Works Minister Mick de Brenni said local construction firms were being urged to pitch to successfully deliver the long awaited project. Member for Cairns Michael Healy said the Palaszczuk government wanted to appoint a locally based managing contractor who would employ local tradies.

Certainty Prompts Buyers, Cairns Post e­-Paper – The Cairns Post ­ – 18 Sep 2019

Buyers and sellers have been active in Cairns since May’s federal election result fuelled an increase of offers and settlements in the real estate market. LJ Hooker Cairns principal Ross Moller said buyers who were uncertain last year with an election looming were more active this year – especially in Edge Hill and Whitfield. “We have an offer on something every day … whether it’s put to bed or not is another issue,” Mr Moller said.

Project Building up Reef is Back, Cairns Post e­-Paper – The Cairns Post ­ – 18 Sep 2019

Scientists will return to the Great Barrier Reef this spawning season to gather millions of eggs and sperm for reef restoration projects. It comes as a new report suggests that if climate change continues globally at its current rate, the possibility of recovery on the Reef between mass bleaching events will steadily diminish.

Loyal Buyers Feel at Home, Cairns Post e­-Paper – The Cairns Post ­ – 19 Sep 2019

Far Northern homeowners hold on to their properties for at least 10 years. The Cassowary Coast region had the longest average holding period in the Far North at 14.4 years, according to September’s CoreLogic report. The average holding period across the Cairns Regional Council area was 10.8 years with homeowners in Bungalow showing the most loyalty. The average holding period was 16.9 years in the suburb , with 17 homes sold in the past year at a median of $323,000.

Road Trip with Better Kick than Route 66, Cairns Post e­-Paper – The Cairns Post ­ – 19 Sep 2019

An international motor vehicle finance specialist has ranked a Far North drive as the world’s best road trip. United Kingdom’s Moneybarn analysed more than 50 road trips and collected data on seven factors including affordability, safety and tourism. The 111km scenic drive from Cairns to Cape Tribulation was the top ranking road trip ahead of global favourites such as the Great Ocean Road, which came sixth, and America’s Route 66, which ranked 32nd.

Spring Invasion, Cairns Post e­-Paper – The Cairns Post ­ – 19 Sep 2019

Far North, be ready – there’s a great Aussie holiday migration about to hit. Tourism operators are quietly optimistic about a bumper school holiday period to smooth the rough year 2019 has been so far. Accommodation houses are reporting near capacity bookings. A RUSH of “unusual” lastminute bookings has filled Far North tourism operators with hope for a bumper school holiday period to boost coffers after a turbulent year.

Virgin plan for Japan, Cairns Post e­-Paper – The Cairns Post ­ – 19 Sep 2019

Cairns could be in the running for Virgin Australia’s first route to Japan. The airline plans to make an application to the International Air Services Commission for one of two available Australian airline slots at Tokyo’s Haneda Airport. However, the carrier has not decided which Australian city will host the service. A Virgin Australia spokeswoman would not confirm or deny if Cairns Airport was in contention.

Festive Holiday Rate Hits Business, Cairns Post e­-Paper – The Cairns Post ­ – 20 Sep 2019

Cairns’ already struggling small business owners have been dealt another blow via the State Government’s decision to make the hours from 6pm on Christmas Eve subject to public holiday rates. Industrial Relations Minister Grace Grace said the proposal had attracted strong community support during public consultation. But Cairns Chamber of Commerce president Nick Loukas said the move was “ridiculous”.

CBD Units Show Big Capital Growth, Cairns Post e­-Paper – The Cairns Post ­ – 20 Sep 2019

The Cairns CBD has undergone some major construction works and refurbishments in the past 18 months and coinciding with this is the capital growth of apartments in the city. Sales agent and auctioneer at the Property Shop, Leanne Smith, said most apartments were bought by investors rather than owner-occupiers and it was rare to see major capital growth in apartments.

London-Based Firms Lands Slam-Dunk Buy, Cairns Post e­-Paper – The Cairns Post ­ – 21 Sep 2019

Some major sparkle has returned to one of the Far North’s tourism jewels, with an unconditional deal struck for the sale of Dunk Island. London-based investment group Mayfair 101 has been revealed as the buyer in the $30 million-plus deal, which is due to settle later this year. Believed to be backed by funds from heavy-hitting investors, it plans to rebuild the tropical getaway into a new resort to rival Hayman Island’s new Intercontinental Resort, which has undergone a $140 million renovation by its owners, Mulpha.

Sparkling Home for Fancy Brands, Cairns Post e­-Paper – The Cairns Post ­ – 21 Sep 2019

“Locals intending to travel overseas can also buy at dutyfree prices. We encourage it,” Mr Jones said. He said the upgrades and new brands had led to staff increasing by 23 to 57. Mr Jones said the construction, managed by Pure Projects with lead builder iQ Construct, had provided about 60 jobs involving 15 local companies, not including about 10 individual brand contractor companies.

Streets, Homes of Asia Inspired Lantern Lane, Cairns Post e­-Paper – The Cairns Post ­ – 21 Sep 2019

The developers of a new $2 million dining precinct that has opened at Stockland Cairns travelled through several countries to bring authentic Asian cultural tastes to the Far North. The Earlville shopping centre’s Lantern Lane comprises five kiosks and a bar, each with its own Asian food options including Vietnamese, Thai, Japanese, Korean and Chinese barbecue.

 

 

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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