CAIRNS building approvals have taken another giant leap this month, but a local industry figure warned it was not quite time to pop the champagne cork.
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But Dixon Homes managing director Andrew Thomas said the results were more indicative of the market three months ago, not the present climate.
"I was excited three months ago, I'm not so excited now," he said.
"(But) I'm optimistic. With the low vacancy rates, overall the economy seems to be growing, there are reasonable tourism levels and there's been a change of government - people have a lot more confidence in the new government."
However, Master Builders regional manager Ron Bannah said he hoped the figures were a sign of the continuing recovery of the industry in the Far North.
"I think it's fair to say there's more and more confidence coming back," he said.
"I think we're starting to get some confidence in the banks."
"The banks have taken a flogging in the past 12 months, they've made it very difficult for people to borrow money.
They've come under a fair bit of criticism... but they've started to bend a little now."
Article printed by The Cairns Post - 12th July 2012
Writer: Grace Uhr
Peter Musso licensed real estate agent at Ray White Cairns Beaches selling property in Cairns' beautiful northern beach suburbs including Trinity Beach, Kewarra Beach, Clifton Beach, Palm Cove, Trinity Park, Smithfield, Yorkeys Knob, Holloways Beach, Machans Beach, Caravonica and surrounds.
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