The market in Cairns and the Northern Beaches has definitely hit hard times. . . especially when looking at properties designed for short-term accommodation. The main reason for Cairns’ significant slide in property values is that the economy is suffering from the GFC’s impact on tourism.

The flip side of that is that there has never been a better time to pick up a bargain. With recent rises in interest rates, owners are getting forced to sell at large losses. If you are savvy enough to realize that markets move in cycles and this is obviously the low point, you can pick up a spectacular steal and wait for the market to move into its next phase.

The challenge as a buyer is that you need to be able to look through the vast amount of listings and recognize what properties are truly hurting and what owners are truly prepared to meet the market. This is not easy as there are many listings where the advertised prices do not come close to reflecting the market.

That being said, this pool-view 2 bedroom, 2 bathroom apartment with enormous balcony in the luxury beachfront development known as Sea Point at Trinity represents the best value on the Esplanade. It includes a lavish furniture package with everything you need to walk right in and is positioned in one of the finest boutique complexes on the beach.

If you have been on the prowl for the perfect opportunity, make sure you don’t miss this one. Inspect immediately.