“What does 2017 mean for the Cairns property and development market? We live in uncertain times – again.
However, my ‘crystal ball’ thinks that we will see Cairns continue to strengthen. With projects such as the aquarium, the performing arts centre, Nova, Tradewinds redevelopment and infrastructure like the Bill Fulton Bridge and Bruce Highway (Cairns Southern Access) phase 2, Cairns is starting to see some longer term projects that will create and sustain construction jobs.
Importantly, these big projects also employ many professionals such as engineers, planners, designers, architects, surveyors and in doing so provide stimulus to a host of local businesses. In addition Cairns has a number of large developments primed and ready to deliver.
Mt Peter, Smithfield Village, Bluewater and Botanica are all poised to contribute to the local economy, as are myriad smaller projects.
Outside of the development sector, Cairns has a very diverse economy – from mining to agriculture, to marine and service industries, to education and, of course, tourism. Many of these are seeing sustained growth, which also bodes well for our economy.
Cairns Regional Council are progressive and leading much of regional Queensland in demonstrating their desire to deliver economic growth to the region. So, all in all, I think that the property and development sectors are in for a gradual improvement in overall activity.”
– Adam Gowlett – Kenfrost/David McCoy Homes