Good News from the North

Announcement posted by Which Property 18 Jan 2012

Beachside Luxury from $218,000

Amid price slumps, spiralling costs and low home-building approval rates, there is finally some good news for investors and first-home buyers from the popular Northern Beaches area of Cairns. An unprecedented opportunity to purchase apartments under instruction from Receivers and Managers will see astute property purchasers snap up affordable, highly demanded properties.

Brand new two- and three-bedroom apartments, just minutes’ walk from the beach, are selling from $218,000 at Clifton Beach, an upcoming suburb close to popular – and pricey – Palm Cove, and just 20 minutes from Cairns CBD. Clifton Views is a resort-style development with pools and barbecue areas, a gym, tennis court and children’s playground.

Peter Shervey, Sales Manager with Which Property, says, “I believe there will never be another opportunity like this. This is quality, affordable accommodation with all the right facilities. At these prices, Clifton Views represents exceptional value for money.”

Further good news is the $10,000 Queensland Building Boost, available on all new properties, including the two-bedroom apartments at Clifton Views. This grant is available until April 2012. First-home owners can take advantage of up to $17,000 in grants, making a beachside lifestyle an achievable dream.

Strong indicators for good returns

Clifton Views offers a limited and outstanding opportunity for buyers to capitalise on their investment. Research shows that the market in regional destinations such as Cairns has reached the bottom of the property cycle, with all market indicators signalling a recovery in the short-to-medium term.

Local factors contribute to the property’s strong position – population growth in the region remains strong at 2.5 per cent, while building approvals in Cairns remain lower than 2002 levels. Mark Borrill, Managing Director of Which Property says, “Weak building approvals combined with a growing population will place enormous pressure on housing. In our opinion, this will lead to strengthening rental returns and growth. ”

Cairns’ rapidly developing infrastructure is expected to create jobs and attract sea-changers. Examples of projects include the Cairns Base Hospital redevelopment and the doubling of the Cairns domestic airport.

Visit www.cliftonapartments.com.au for more information.

Media contact & inspection

For interviews or images:
Paula Key
Marketing Director, Which Property
07 3505 6000 or paulak@whichproperty.com.au.

Inspections:
By appointment
Peter Shervey 0412 597 000 or cairns@whichproperty.com.au