Just the FACTS please…
- Only $1000 is required to secure your apartment then a further 10% deposit with no more to pay until settlement 2009!
- Growth statistics
RP Data (October 2007) have estimated a potential capital growth rate of 31% in Cairns CBD in the coming months.
- Rental statistics
The average Cairns CBD 2 bedroom apartment is returning $300-$375 per week with an increase likely as vacancies become increasingly rare. This rental return is based on an average 2 bedroom apartment for $330,000.
Already, LJ Hooker Marlin Coast has estimated that Central Place Apartments will return as much as $400 per week for a 2 bedroom apartment and $420 per week for a 3 bedroom apartment, $30 a week above the average rent rate.
- Demographic statistics
According to PRD Nationwide’s Suburb Profile of Cairns City, 69% of the 8,740 people living in the CBD are living in apartments, the majority of these residents are couples renting.
development