Cairns experiencing a growth spurt
The sun is shining after the rain, with Cairns getting plenty of rays. Mining companies are basing their companies in or near Cairns as Australia gears up for a $480 billion commodities boom.
Cairns is thus getting crowded as the country’s population is predicted to increase by 35% between now and 2031.
So much so that when Property Managers don’t return phone calls and use text messages to advise that homes have already been rented out, we know that the property market is heating up.
In addition, the ANZ Bank has forecasted that the Australian dollar could hit US$1.25 because of sustained commodities prices and higher global infrastructure investment.
All these means that a the property market is geared to grow exponentially.
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