Elise

Well, Lancashire, of course, in the winter, extremely cold.

You went from one extreme to the other.

Now, Cairns isn't just a holiday hotspot.

It's rapidly emerging as a regional real estate, or some will call it a powerhouse, with strong price growth, rental returns, a boom in development, which we'll talk about in a moment, and growing investor attention, of course.

The Far North is firmly on the radar for buyers, renters, and developers alike.

First off, let's talk about the Cairns Regional Council's push for these 18,500 new homes in Mount Peter.

It is the southern growth area that is underway, backed by state-level planning and grants.

Reasonably significant here.

some of these emails we've received from Vietnam, from Thailand, et cetera, where people have just said, no, I'm not going to handle those prices.

Better for me to go and live somewhere where it's a little bit on the cheaper side.

Yeah, just coming back to the ripple effect, about a week ago, it's the complete inverse if you own a property in Sydney, because we were talking to Steve.

Steve and Tanya, they moved out of Sydney and they went to Port Macquarie, bought in Port Macquarie.

They had a three-bedroom property in Sydney.

They didn't downgrade.

They up

Upgraded to a five bedroom, he was saying, plenty of room.

And the key thing there was he's got a whole lot of money left over in the bank account, which he said was really nice.

So two different sides of the coin.

There are a dozen suburbs near Melbourne, Canberra, and Darwin CBD is now offering units under $500,000.

Price drops are being driven by oversupply and slower gentrification.