Cairns Property News - December 2022

With Christmas & New Year just around the corner I take this opportunity to wish you & yours a very safe & happy festive season.  

On a National level, home values continued to fall in November, down -1.0% over the month to be -7.0%, or approximately -$53,400, below April’s peak (Brisbane and Hobart both down -2.0%). The easing in the rate of decline is mostly emanating from Sydney and Melbourne, but is also evident across many of the smaller capitals and most regional markets. (Source: CoreLogic)

Are you prepared for the annual wet season? The heavy rain may not have started yet, but with the return of the La Nina weather pattern for the third year in a row, prolonged periods of heavy rain and potentially more cyclones are expected this wet season. More information on being prepared is at www.cairns.qld.gov.au/disaster, including the storm surge search function and flood maps.

Here’s a thought to leave with you on while you enjoy you Holiday Season: 

“The conservationist Daniel O’Brien has said that he doesn’t “own” his several-thousand-acre buffalo ranch in South Dakota. He just lives there while the bank lets him make mortgage payments on it.

It’s a joke about the economic realities of living. 
But it also hints at the idea that land doesn’t belong to one individual.
That it will far outlast us and our descendants.

Marcus Aurelius used to say that we don’t own anything and that even our lives are held in trust. We may claw and fight and work to own things, but those things can be taken away in a second.

The same goes for other things we like to think are “ours” but are equally precarious: our status, our physical health or strength, our relationships.

How can these really be ours if something other than us – fate, bad luck, death, and so on – can dispossess us of them without notice?

So what do we own? 

Just our lives – and not for long.”

Excerpt from The Daily Stoic by Ryan Holiday and Stephen Hanselman (December 4th)

 If ever you should sell, I’d love to do it for you – properly.

Daniel Sheehan

0409 265 326