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Have to agree with the Brisbane folks I am afraid......We have been in Cairns for 6 months and the prices are rocketing with no sign of dropping back down. So concerned we might get priced out of the market we are now in the process of building.
A 700 sq mtr block of land in a decent estate was $120,000 when we arrived and you can't get anything under $165,000 now !!! Luckily we got in before the last hike and only paid $140,000
Saying all this and with the little I do know about Cairns it too is booming mainly as a result of a huge chunk of people from Sydney buying up buy to let properties and many of them moving up here. Every other person we have met has moved up North from Sydney complaining about the house prices and general problems that a big city has.
I was an estate agent in the uk living in south wales and even though the market there has leveled out again, there is no sign of it dropping, however, my sister lives in Hampshire and the prices are coming down.
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