Saturday, March 3, 2012

CairnsWatch

The monthly CairnsWatch reports from Rick Carr at HTW are now available for free online subscription.

Rick has been doing these for any years and include charts based on  longer term data for the last ten years. If my memory is correct Rick used to do similar reports back in the 1990's from a unit based at JCU.

Perhaps the most interesting chart currently in the report is the rental vacancy rate which shows a declining trend towards the bottom of the 3% balanced market range. This would seem to suggest that some pickup in housing activity from a very low base may not be too far away. HTW rate the Cairns property market as being at the bottom of the cycle.

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