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Property investors outnumbered owner-occupiers in Cairns

first_imgVideo Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 1:10Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -1:10 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p360p360p270p270pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenDream homes for city dwellers01:11SOUTHERN Cairns suburbs are managing to meet the demands of property-hungry buyers, while one suburb is proving investors aren’t shy of committing to the city. September’s CoreLogic report showed the highest volume of houses sold in the past year were in Edmonton, with 147 sold, closely followed by 144 in Bentley Park. There were 130 sold in Mount Sheridan. Quaid Real Estate agent Rebecca Moss at a house in Edmonton that she is selling. PICTURE: ANNA ROGERSQuaid Real Estate sales manager Tom Quaid said the sheer size of these suburbs was a major contributor to their statistics. “They are really big areas, with a lot of new land being released in those suburbs,” Mr Quaid said. “They’re also very affordable homes. Renting in those areas probably means you’re paying more (than home loan repayments).” More from newsCairns home ticks popular internet search terms2 days agoTen auction results from ‘active’ weekend in Cairns2 days agoIn the past year, however, the highest volume of sales was in Cairns North, with 183 units sold. With 66 per cent of residents reported as renting in this suburb, Mr Quaid said the wide variety of complexes were targeted at investors when they were built. “You can get an apartment for about $200,000 and still have more than $300 in rent.” Look for your dream home in Saturday’s real estate liftoutlast_img

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