Cairns - Far North, Queensland
Cairns has mounted an economic comeback, prompting many in the property industry to expect it to spark into action in 2018/2019 after several troubled years of misfires.
Thanks in part to a proactive Cairns Regional Council, thousands of new jobs have been created in the last two years, bringing the unemployment level below the state average. Construction projects include a new performing arts complex, convention centre, hotels and resorts.
The Port of Cairns is to undergo a major makeover allowing access for larger ships as well as four new naval patrol craft. This will be accompanied by a $300 million expansion of the Cairns Naval base.
Estimates suggest 10,000 more jobs will be generated within the next 12 months, creating fresh prospects for the local economy.
A key attraction for investors is the high rental yields and affordability of dwellings available across the city.
This report covers the Cairns LGA including the towns / suburbs of Bayview Heights, Bentley Park, Brinsmead, Cairns City, Cairns North, Edge Hill, Gordonvale, Kewerra Beach, Manoora, Manunda, Mooroobool, Mt Sheridan, Smithfield, Palm Cove, Parramatta Park, Trinity Beach and Whitfield.