6 Monthly Property Snapshot: August 2023 - January 2024
107 Houses
Highest Sale $895k
Lowest Sale $185k Properties sold
83 Land 22 Units 2
55.7% 5 year change
12
Median sale days on market
10.9 years
Average length of ownership
$560pw
Median asking rent
Cairns property owners are in a great position to sell and capitalise on the low stock levels and high demand.
When it comes to selling a property, the state of the market can greatly impact the success of your sales result. There are multiple benefits to selling in a low stock market.
With low levels of properties for sale, the buyer pool is spread thin and gives your property a better chance of standing out.
Buyers who have been actively searching are highly motivated to transact when there are limited options available, increasing the buyer interest and potentially leading to multiple offers.
Properties are likely to sell faster in a low stock market as buyers will act quickly as soon as a desirable listing becomes available.
