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Fortnightly Update (21/10/2021) – Ray White Cairns Beaches

By Rhys Southern
Welcome to this fortnight’s edition of our Newsletter.
“Queensland’s border to Southern states of Australia will be open from December 17th.”
Such was the declaration by the Queensland Premier, Anastasia Palaszczuk, earlier this week! What does this mean for Cairns’ economy and its Real Estate market?
Tourism aligned accommodation businesses and tourism operators supporting infrastructure businesses will be rejoicing about this positive news!
With conditions implemented, Queensland will be welcoming people across Australia to holiday again or for the first time at their favourite or new holiday destinations.
After a quick call around to a number of accommodation houses and tourism operators, each confirmed that indeed accommodation enquiry and bookings have escalated post-December 17th. A natural flow of increased patronage will occur to all the tour operation companies, restaurants, food outlets, and entertainment venues. It will likely be a ‘Merrier Christmas’ for many North Queensland residents.
One of the largest tour booking companies for the region advised me they are currently down 82.19% on the 2019 level of business! Stoically the operator of that business stated, “You can only keep your chin up.” Further stating, “The loss of key and highly trained staff from the entire industry and the replacement and re-training of personnel will be the next chore we will face as demand for services increases.”
As a result, North Queensland desperately requires more staff to fill roles in the tourism industry!
Within this Edition we will provide information on the following:
– Border Re-Opens – Demand Increases
– FNQ Projects Receive Funding Boost
– The Regional City Growth Surge
– Ray White Marketing – September Wrap-Up
– Considering Selling by Auction? Here’s why you should.
Border Re-Opens – Demand Increases
Since Covid, a large number of buyers have procured property without physically walking into and inspecting the premises. Many buyers have said they wish to buy but will not until they can ‘touch and feel’ the property themselves. As the Queensland border re-opens, the Real Estate industry can inspect to receive a train of eager enquiry from people who are now able to visit and ‘touch and feel’ their next purchase!
In a marketplace where available properties for sale is down approximately 50 percent and buyer demand remains high, property values remain up and realistically, we do not know where the market ceiling for many properties currently sits!
The old saying in the Real Estate industry, ‘the first offer is often the best offer’ is not always ringing true at this time. Recently, our Sales Agents have been employing a varied ‘method of sale’ which has been delivering extraordinary results where the final price achieved has been much higher than what we and the owners expected!
If you would like to learn more, I am more than happy to discuss this option with sellers. Please do not hesitate to contact me, Paul Stirling on 0418 774 353or by email at 
Cairns Domestic and International Airport
FNQ Projects Receive Funding Boost
The Morrison Government has announced that Far North Queensland will receive a $7.7 million funding boost to be shared among nine active community projects in the region.
Delivered as part of the Building Better Regions funding campaign, various upgrades to local tourism and community facilities are set to take place, including improvements to the Smithfield Mountain Bike Park, Port Douglas Rugby Club and a soon to be developed walking trail from Kewarra Beach to Clifton Beach.
The Federal Member for Leichhardt, Warren Entsch noted, “We are backing these projects so local people have the facilities for the future while creating jobs to boost our economic recovery.” The latest economic funding investment is a welcomed addition to our local community, and with a growing population at hand within Far North Queensland, an ever-essential boost to our infrastructure.
Smithfield Mountain Bike Park
Proposed Kewarra Beach To Clifton Beach Walkway
The Regional City Growth Surge
The growth in property value for regional cities across Australia has been monumental in recent months. Our team at Ray White Cairns Beaches and Ray White Smithfield have witnessed a rise of property values by approximately 20 percent within our local market.
A combination of Interstate and Southern migration has led the way for Cairns and Far North Queensland to record a spike in both property values and population growth.
The prominent cause for this trend?
The VESPA movement.
Known as Virus Escapees Seeking Provincial Australia, the VESPA movement has prompted large cohorts of Australians to move away from capital city centres and relocate to regional hubs. Within Queensland, the top five regional and non-capital cities to record a population growth surge within the last quarter were, Noosa, Sunshine Coast, Fraser Coast, Gold Coast, and lastly, Cairns. With state borders set to re-open by the end of the year, the demand for regional properties can only be expected to further surge as greater movement from interstate buyers will likely begin to take place.
If you are thinking of selling and would like an updated, complimentary appraisal of your property, do not hesitate to contact our team on (07) 4057 1800.
Cairns Central Business District
Ray White Marketing – September Wrap-Up
What’s the Ray White brand worth in the media?
Within the month of September, there has been a solid jump in share of voice – this includes ALL print, broadcast, radio and online media in recent weeks against all our competitors.
The iconic Ray White yellow is an iconic fixture among our Real Estate competitors and most importantly, a recognisable and trusted home to members of our community.
If you would like more information on any of our buying, selling, and rental services we provide at Ray White Cairns Beaches and Ray White Smithfield, please contact us on (07) 4057 1800.
Considering Selling by Auction? Here’s why you should.
As the pandemic continues to accelerate the property market, we’re continuing to see strong conditions leading into November.
Under remarkable circumstances and incredible results being achieved, hear why Managing Director, Dan White and Chief Economist, Nerida Conisbee are saying now is a great time to sell at auction
To find out more,click here.
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