If you know Port Douglas and love it like we do and understand what’s happening in the market generally, then NOW is the time to be a property investor in Port Douglas. The view from here is marvellous. This is one of the great destinations on this planet!!
We all know the G.F.C has had horrendous consequences. The high AUD is not helping and is encouraging Australians to holiday overseas. Fellow Australians PLEASE keep your dollars here, support your fellow Australian workers and holiday in Port Douglas! You will help our economy which is reliant on tourism, you won’t get sick (the sun is shining and the sky is blue) and you will get to enjoy the experience of the only place on Earth where the rainforest meets the reef.
Okay, all this aside, we’re getting busy now, tourists are coming to get away from the cold, Southern winter. This allows businesses to employ more people, so the permanent rental properties are filling quickly. We are in fact, looking for more rental properties, now.
The general market is down. Sellers are experiencing capital losses and some have referred to many Queensland coastal holiday destinations as “Basket Cases”. Even though some prices have dropped by 30%, those who have been in the Port Douglas market for 7 plus years are still having a net profit as the “bottom line”.
To enter the Port Douglas property market now where its obvious that prices have fallen, we all know that the bad, tough times don’t last forever, so timing in the property cycle has to be right.
That “right time” is now, for Buyers.
It is important for locals to now encourage their relatives and friends to visit.
It is imperative that all those who already own investment properties in Port Douglas to commit to coming here at least once or twice a year. Think of those who you can bring. Think of your workmates and friends who can be convinced to visit and holiday in Port Douglas.
It’s safe, the air is clean and there are heaps of activities to enjoy in and around our beautiful area.
Port Douglas is just too good not to come back.