I was interested to read this weekends local newspaper
and note that is is not only real estate agencies searching to employ
bi-lingual staff at present. Tourism and service companies share our quest as
we gear up for an expected surge in the Chinese market. There has clearly been
an increase in the number of Chinese buyers about seeking to secure good
quality homes for their families in Cairns. They must meet certain criteria to
buy property in Australia. I have personally not experienced the onset of
investors to date.
In just over 2 months, the direct flights from China to
Cairns begin. Are we about to experience a reoccurance of the heady days of the
early 1990's when the Japanese were flying direct to Cairns resulting in one of
the largest boosts to the local economy ever? We remain cautiously optimistic
on that one. At least momentum is building, for for what appears to be the
beginning of the upturn on the Property Clock.
When do we know it is on the bottom? When sales volume
and sales values start going up! Sales volumes are definitely on the rise.
Sales values?
We'll have to consult the buyers on that one!
Have a great week, Debbie
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