Home Valuation – Cairns
Home valuations are influenced by a number of factors. One of the largest being the employment opportunities that the location provides residents. Real estate where there are little too few employment opportunities sell for significantly less than houses in cities like Cairns where the tourism, culture, and recreational opportunities alone create lots of opportunities for employment and growth.
Being home to over 158,000 people, the city of Cairns has been designed to continue to welcome new residents through its many of real estate options, excellent public transit, as well as the dedication that the city has had to making sure that there are jobs created for residents in need. Because of the thousands of tourists travel through Cairns every year, tourism is one of the largest industries. From hotels, to event management, health care, tour guides, restaurants, and so on tourism brings thousands of jobs to the city of Cairns every year. With The Great Barrier Reef, and the Wet Tropics of Queensland bringing in thousands of tourists on a regular basis, it is not wonder that tourism has become such a part of Cairns economy and identity.
When looking at cultural opportunities for employment, the city of Cairns offers many of opportunities. From working at Museums, Galleries, Sporting Events, Concerts, Shows, Historical Landmarks and Libraries, there are so many opportunities for residents to take advantage of throughout the city. Home valuations done on homes in areas without the cultural events, or landmarks often end up having a somewhat lower result, while a lot of this is because of the employment opportunities that cultural events and locations bring, it is also because of the educational opportunities for internships, and volunteering as well.
In terms of education, the city of Cairns is home to over 20 primary and secondary schools, in addition to the Roman Catholic, and additional independent schools. The city of Cairns is also home to a number of post-secondary educational opportunities, such as: a TAFE College, The Cairns Campus of James Cook University, and The Schools of the Airbase. These educational institutions not only offer residents amazing educational and academic opportunities, but they also offer opportunities for employment as well. Having so many campuses right in the city means that students can consider living at home while attending school and saving money, while still gaining a wonderful education. This is another factor that greatly benefits the outcome of home valuations in this area. Living in a city that has these opportunities, and has so many well educated residents is considered to be extremely appealing, both for professionals moving there, but also families.
These opportunities, tend to work in somewhat of a cycle, being able to attend a great school (and save money) while experiencing cultural events and shows leads to more education and a better paying job, and it is these jobs that create the opportunities for the next generation. Many home valuations are done online, and therefore can only take so much information into consideration. The state of the economy and the opportunities that a city offers are two of the most influential factors that are taken into consideration during a home valuation. Home valuations for houses in more rural areas that do not have these employment opportunities, are noticeably lower, while there are trade-offs to living further out, often the size of lot that you are able to purchase, the opportunities and amenities that you miss out on can be difficult for some people to take. Especially those looking to establish themselves in their careers.