Far North, Queensland
Cairns is mounting an economic comeback, with benefits for its property market. Having been hit hard by the Global Financial Crisis, which impacted the tourism industry on which it relies heavily, Cairns has recently shown signs of strong economic recovery - boosted by an upturn in tourism, a proactive local council, increased development of instrastructure and growing interest from China.
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A property investor with a crystal ball would have bought a house in the Queensland mining town of Moranbah a decade ago. Ten years ago, the typical Moranbah house fetched about $50,000. In 2012 buyer…
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