Forums / Treasure Chest (Past Forums) / The Treasure Chest / Cronulla or Cairns? That is the question

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  • Profile photo of tankbusterboytankbusterboy
    Member
    @tankbusterboy
    Join Date: 2003
    Post Count: 17

    CRONULLA OR CAIRNS?

    That is the question I pose to you!

    Looking at investing in IP around 350K – medium term investment and looking to sell in 5-10 years.

    Cairns is great returns but lets face it, it will be 10 years before we see (significant) increases by value. Cronulla, on the other hand, while it has higher rental income, the value of properties has increased significantly. I live at cronulla and I know the market, it will just continue to increase but Cairns does sound very enticing.

    For investment purposes, which road should I take.

    Profile photo of kooringalkooringal
    Member
    @kooringal
    Join Date: 2003
    Post Count: 31

    Cronulla.

    Kooringal

    (PS don’t know the Cronulla market at all, but I know Cairns a little, high turnover of population, property managing agents generally slack, mildew a problem, shonky workmanship on houses a problem, a long long long way away from cronulla…but a good excuse to visit Cairns?

    if it was me, if i could afford it, i would go cronulla…or somewhere else…but i’m sure there are others on the forum with far greater insights who will soon post, patience.

    quote:


    CRONULLA OR CAIRNS?

    That is the question I pose to you!

    Looking at investing in IP around 350K – medium term investment and looking to sell in 5-10 years.

    Cairns is great returns but lets face it, it will be 10 years before we see (significant) increases by value. Cronulla, on the other hand, while it has higher rental income, the value of properties has increased significantly. I live at cronulla and I know the market, it will just continue to increase but Cairns does sound very enticing.

    For investment purposes, which road should I take.


    Profile photo of tankbusterboytankbusterboy
    Member
    @tankbusterboy
    Join Date: 2003
    Post Count: 17

    I have heard reports that Cairns is a beautiful place for a holiday……full stop.

    Investment, like the water up there, you must be very careful, but should you tread the water?

    It’s a risk but is the risk worth its weight in Gold?

    Hmmm….I’ll let you decide that one because it’s beyond a novice like me!

    B[8D]

    Profile photo of SooshieSooshie
    Member
    @sooshie
    Join Date: 2002
    Post Count: 974

    Hi there,

    Is this your first investment? If so, I would stick to Cronulla, as this is the area you know. If they both seem like good options, yet you know one area better than the other, to me it seems you go with the area you know. This may help with mitigating risk.

    Cheers
    Sooshie [:)]

    “Giving is a Blessing, receiving is the bonus”

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