FNQ - what's not to love?

Affordability, lifestyle, iconic region, family friendly – these are some of the traits inspiring young families to think about buying property and moving to our area.

Regional areas across Australia are the flavour of the quarter when it comes to property, and Cairns and the Tableland Region rank amongst the Top 3.

What makes a region “resilient”? The 5 selection criteria were used to select the top 12 regional areas:

• Affordability– the Local Government Area (LGA) has a median price below the maximum affordable property sale price (average state loan + 20% deposit).
• Property trends– to ensure statistical reliability, the LGA will have 20 transactions or more in 2018 and 2019, with positive price growth within that time period.
• Investment– to ensure solid investment opportunities, the LGA will have an on-par or higher rental yield than its capital city, as well as an on-par or lower vacancy rate compared to its capital city.
• Project development– the LGA will have a high estimated value of future project development, with a higher concentration of commercial and infrastructure projects to ensure a positive economic outlook.
• Unemployment rate– as of the December Quarter 2019, the LGA will have an on-par or lower unemployment rate than the state average, to ensure there is local job growth.

And let’s face it, if you can tick any of the above boxes it has got to be a great place to live!

According to Arun Singh Mann from the Cairns Post, families love Far North Queensland. Here’s a snapshot of his article from Saturday’s newspaper (15/8/2020).

[Extract] The Far North has long been regarded as a popular tourist destination and now its becoming a favoured choice among families wanting to settle down and raise their children.

The natural beauties of the region are the obvious reason home buyers are drawn to the Far North, however affordability in comparison to the quality of life, improving infrastructure and services alongside a solid workforce make compelling reasons to live in and buy property in the Far North.

Families can escape the congestion and stress of the major cities, yet still be confident their children will have the necessary opportunities to chase their goals, from the comfort of their laid back Far Northern home.

Central Realty Mareeba director Remo Esposito said families were after at least three bedrooms, work and school proximity, either a decent backyard or easy access to parks and a house that was ready to move into, not requiring upgrades or improvements, in a family friendly area.

“We’ve always been an affordable region and it doesn’t surprise me there are options (under $250,000) for family homes up here,” he said.

“You compare $250,000 to the major cities and there you can pay more for just a block of land sometimes, but the quality you can get for that price range (in a house) is excellent,” he said.

For the full story visit www.cairnspost.com.au

Read more about the property success of our region here.

Have a look at our town’s promotional video from The Heritage Centre, Mareeba