Sunday, 19 August 2012

The Chinese are Coming?


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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