Cairns Real Estate: 9 Reasons to Invest

12 mins read
cairns real estate

There’s no denying that the real estate market in Cairns is booming. But why now? What has made this such a lucrative time to invest in Cairns real estate? Cairns is the only city in Australia that offers year-round access to an abundance of tropical rainforests, rocky coastlines, and breathtaking beaches all within the same city limits.

Its natural beauty attracts around 1 million visitors every year, many of whom are looking for an opportunity to live permanently in this gorgeous city. And it’s precise because of these factors that investing in Cairns real estate right now makes so much sense. Let’s take a closer look at nine reasons why you should invest in Cairns real estate right now.

The Cairns economy continues to grow

Cairns’ economy is booming, which is great news for investors. As a major tourism hub, this city relies on the millions of visitors currently flocking here each year. To accommodate the demand, Cairns has seen a significant increase in the number of businesses moving here. This has created a growing demand for commercial and office space, making the Cairns commercial real estate market especially attractive for investors. With more businesses moving to Cairns, their employees will need more homes to live in.

This is great news for those investing in Cairns real estate as it will lead to an increase in demand for residential real estate as well. The best way to invest in this growing economy is by purchasing commercial real estate, as it has a larger capacity for generating revenue and will benefit from a larger influx of visitors thanks to better airline connections. Cairns is a popular tourist destination and has beautiful beaches as well as outdoor activities such as hiking and snorkeling that make it a great choice for those looking to invest in real estate abroad.

Massive demand for housing

One of the most attractive factors about investing in Cairns real estate is that the demand for it is massive. This is due to a number of reasons. Firstly, the average age of people living in this city is growing, meaning that more and more people are looking towards retirement living. With growing numbers of retirees moving to Cairns, the demand for aging-in-place housing is increasing. This is the perfect opportunity for investors to seize the moment and increase their profits by building a variety of different properties that cater to the needs of this growing market.

Another factor that contributes to the high demand for Cairns real estate is that there is a limited supply of it. This is due to the fact that there hasn’t been much new development in the city for many years. As a result, the current housing supply doesn’t meet the demand for new properties, meaning that prices will continue to hold their value or even increase over the next few years.

Housing prices are low and will only go up

Cairns real estate is currently trading at extremely low prices. This means that it’s an excellent opportunity for investors to purchase property and sell it off at a much higher price in the near future. More specifically, the average price of residential real estate in Cairns is currently sitting at around $315,000. This is expected to increase as more people move to Cairns, meaning that now is the perfect time to invest in this city’s real estate market.

One of the best ways to increase your profits when investing in Cairns real estate is to find the right property to purchase. It’s important to find a property that is currently priced below the market value and then sit back and wait for the market to catch up to that value. This will allow you to sell the property at a profit and make money off of your investment.

UN recognition of the World Heritage site

Another factor that’s lifting Cairns’ profile and making this real estate market more attractive to investors is the recognition of a World Heritage site. The stunning, untouched tropical rainforest is a sight to behold and one that many tourists travel to Cairns to see. Now the United Nations Educational, Scientific, and Cultural Organization (UNESCO) has officially recognized this rainforest as a World Heritage site.

This is great news for Cairns real estate as it will lift the city’s profile and make it an even more attractive place to invest in. Cairns real estate is already seen as a safe investment option, but with this new recognition, it will become an even safer one. Investors will see great potential in this investment, especially when they consider the fact that the tourism market is expected to grow by 5% annually.

Bricks and mortar investment is a solid choice

Owning a bricks-and-mortar investment is always a solid choice when it comes to investing in real estate. This is particularly true in Cairns, where the tropical climate makes maintaining a property a lot harder than it would be in other parts of Australia. This city also experiences a lot of natural disasters such as cyclones and flooding, making it an even more challenging place to own a property. This can be a good thing though as it means that Cairns real estate will continue to increase in value in the near future as demand for properties increases.

In the long run, this investment is expected to pay off big time for those purchasing it. Another great thing about investing in Cairns real estate is that it doesn’t require a massive capital outlay. This means that you don’t need a lot of money to purchase property here. You can also choose to buy a piece of commercial real estate in Cairns, which is another excellent investment option.

Cairns is expanding its infrastructure

The Cairns City Council has plans to spend A$2.5 billion on infrastructure projects in the city over the next decade. This is great news for Cairns real estate investors, as it means that demand for new properties will increase as the city expands and grows. This is expected to drive up demand for residential real estate in the city, making it an even more lucrative investment opportunity for those looking to make money off the real estate market in Cairns.

Investors should keep an eye on the City Council’s plans to expand the city’s urban sprawl. This will be a great opportunity to get involved in commercial real estate. By purchasing land that is close to the city center and then waiting to see where the city expands in the future, you can make a lot of money off this investment.

You can invest in commercial real estate

Commercial real estate is a great investment option for those looking to get involved in Cairns real estate. Commercial real estate is expected to grow significantly in the near future as the city’s tourism industry grows. As more businesses move to the city and need more office space, more commercial real estate will be needed. This will create an excellent opportunity for investors to purchase commercial real estate in Cairns, wait for the market to catch up to the current supply, and then sell it for a much higher price later on.

This is expected to make commercial real estate a lucrative investment for many years to come. There are a variety of different commercial properties that you can buy in Cairns. From retail shops to car parks, there are plenty of options to choose from.

Cairns is one of the best places to live in Australia

There are many reasons why Cairns is one of the best places in Australia to live. For example, it’s a beautiful city with plenty of tropical scenery, there are plenty of things to do and see, it has great weather year-round, and it’s close to some of the most stunning beaches in all of Australia.

If you’re looking for a place that has all of this and more, Cairns is an excellent choice. In fact, according to many surveys done by various organizations throughout the years, Cairns residents have consistently ranked their city as one of the best places in Australia for quality living.

The Cairns area is known for its great weather

If you’re looking for a place that has great weather throughout the year then Cairns is an excellent choice. The city enjoys tropical weather all year round, meaning that you can enjoy some of the most stunning beaches in Australia as well as lush green rainforests and parks. The climate here is warm and inviting, allowing you to enjoy some of the best outdoor activities around.

Conclusion

There’s no denying that the real estate market in Cairns is booming. But why now? What has made this such a lucrative time to invest in Cairns real estate? The Cairns economy continues to grow, a massive demand for housing exists, housing prices are low and will only go up, UN recognition of the World Heritage site and Bricks and mortar investment is a solid choice.

Cairns is expanding its infrastructure, making it an excellent place to invest in real estate. You can also invest in commercial real estate and Cairns is expanding its electricity supply.

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