swaroopm
Reviews
"Highrises are coming"
Neighbouring Lidcombe and Auburn have been developed and have lots of highrises. The next suburb to be developed is Berala between the 2. Once it does owners of units in medium density buildings will be very happy to receive a brand new unit from a developer in a highrise and the price will double no doubt.
Who lives here?
- Professionals
- Singles
- Families with kids
"The next new booming suburb"
Price is getting ready to boom. Once it does, it will happen suddenly and fast.
Who lives here?
- Professionals
- Singles
- Families with kids
"Excellent investment"
White Rock has been a great investment for me. Price increased 50% since pre-Covid and rental yield is 8%. It still has plenty of space to grow further. Would definitely recommend it to investors and first home buyers. Get into the White Rock market as soon as you can as growth has been phenomenal.
Who lives here?
- Professionals
- Singles
- Families with kids
The M suburbs have a major problem with flooding and cyclone exposure. No investor worth its salt would put money on such a gamble. Not to mention prevalence of crime and social housing. Do you have any link that shows that public housing is being sold off in Cairns please? Thanks.
I think out of the M suburbs only Mooroobool has some perspective, the other 2 have too few owner occupiers, 30-35%. While White Rock has 57% of occupiers. https://profile.id.com.au/cairns/tenure?WebID=380
"Fantastic investment"
Darra has been an amazing investment for me. Bought a house in 2020 and in 3 years it almost doubled in price. Rental yield on the purchase price is over 7%. And in spite all that growth still the most affordable suburb in Brisbane city council area! Looking forward to amazing capital growth in Darra all up to Olympic games, will be significantly higher than a million dollars!!
Who lives here?
- Professionals
- Singles
- Families with kids
I agree that it is a good investment at the moment. In fact, anywhere in Cairns that hasn't peaked, like the Northern Beaches and perhaps Edge hill is a good investment.
My money is on the 'M' suburbs at the moment, they are gentrifying fast, closest to the city, and housing commission is being sold off.