Cairns Housing is different to major cities

The idea that there is a property bubble may be true for major cities such as Sydney and Melbourne but any of the strong growth recorded in other cities is still to reach Cairns and other smaller cities throughout Australia. The worrying thing is that there is little talk about the two and three level housing market when it comes to media reporting. House prices in Cairns have not recovered strongly since the GFC which is providing a strong lure for many investors. Rents are still relatively high and housing prices have remained low which means Cairns and the surrounding areas are a strong draw card for the investor market. This may be the push needed to increase property prices here in Cairns, Port Douglas, Palm Cove and associated areas.