One of the questions I’m always asked is: ‘What regions across Australia have the best potential for investment?’
Cairns… you’re certainly one of them!
Cairns has been awarded a massive slice of funding from the 2023 QLD State Budget.
Around 4,000 new jobs will be created from a diverse range of projects that will further lock in Cairns as the capital of Northern Australia.
The biggest ticket item is the Cairns Marine Precinct expansion. The State Government has matched the Federal Government’s commitment of $150M each. This is in addition to the $32M currently being spent on early works in the precinct. The $332M will facilitate servicing requirements for massive military ships and submarines, along with cruise liners.
The economic spin-off for the region is massive from the ship’s fleets staying in Cairns and spending money in the local economy.
On top of that, spending will commence on the $250M hospital expansion along with the $70M being spent on the Cairns mental health hospital. A further $78M will go toward a private hospital being built in the CBD along with a new university being funded by the federal government. This equates to thousands of on-going, well-paid jobs in the coming years.
So, what does this all mean for you?
We are going to be seeing some serious long-term capital growth in Cairns with lucrative investment opportunities.
I have the advantage of securing the best estates in Northern Australia with access to registered house and land packages with dual occupancy.
This is great time for Cairns and an even greater time for investing!