Brinsmead Property Report - July 2024

BRINSMEAD 6 Monthly Property Report: January - June 2024 Brought to you by Alexie Aristides

YOUR BRINSMEAD MARKET REPORT Dear Brinsmead Residents, As your dedicated real estate sales agent, I’m excited to share with you the latest market statistics and trends for Brinsmead and the overall Cairns Greater Region.

Here’s a snapshot of Brinsmead’s property market for the first half of 2024: General Market Overview - Brinsmead The first half of 2024 has seen a dynamic and robust property market in Brinsmead. A total of 51 properties were sold, comprising 41 houses and 10 land sales. The lowest sale was $305,000, while the highest reached an impressive $1,300,000.

12-Month Market Stats/Trends Over the past 12 months, Brinsmead has experienced noteworthy trends.

The median sales value stands at $666,000, with 110 sales recorded and a median of just 12 days on the market.

The rental market remains strong, with a median asking rent of $650.00 per week.

of early 2024. Rental markets are exceptionally tight, with vacancy rates at a critically low 0.7%, driving up rental prices substantially.

Cairns has benefited from steady population growth driven by interstate migration and local economic opportunities in sectors such as tourism, agribusiness, and healthcare.

This growth has helped stabilise the market and maintain high demand for properties (Real Estate Institute of Queensland). Additionally, the region’s attractive rental yields and sustained demand make it a favourable market for property investors.

Overall, the Cairns property market remains competitive, with strong prospects for continued growth. This positive outlook is expected to persist, supported by ongoing population growth and economic stability.

Thank you for your continued trust and support. If you have any questions about the market or are considering selling your property, please don’t hesitate to contact me.

General Market Conditions in the Cairns Greater Region The Cairns real estate market has experienced significant growth and continues to be a hotspot for both investors and homebuyers. Property prices have been on an upward trajectory in the Greater Cairns Region, influenced by a combination of high demand and limited supply. The median house prices have shown a year-on-year increase of 6.1% as 2

Brinsmead 6 Monthly Report

Alexie Aristides 0406 534 328 alexie@tspropertygroup.com.au

SALES FOR THE PAST 6 MONTHS

51

Highest Sale

$1.3m

Total properties sold

41 10

Houses

Lowest Sale

$305k

Land

BRINSMEAD’S NEW MARKET STATS The below stats are calculated over a rolling 12 month period and compared with the results from the same period 12 months ago.

$666k Median sales value

110 Number of sales

12 $650pw Median rent

2.6% 3.7% Current median days on market

3.2% Twomey Schriber Property Group

3

PROPERTIES SOLD IN THE LAST 6 MONTHS Address

Bed

Bath

Car

Land Size (m²)

Sale Price

21 Banning Avenue 40 Banning Avenue 54 Banning Avenue 21 Brinsmead Road 24 Chesterfield Close 16 Curlewis Close 12 East Parkridge Drive 29 East Parkridge Drive 38 East Parkridge Drive 6 East Parkridge Drive 4 Gallo Close 36 Greenock Way 8 Harwood Close 2 Harwood Close 13 Hobson Drive 53 Latreille Terrace 18-20 Leon Close 14 Longden Street 12 Loridan Drive 55 Loridan Drive 162 Loridan Drive 1 Meander Close 12 Opaline Close 31 Opaline Close 2-4 Orrel Close 13 Palmer Rise 9 Quadrio Crescent 26 Radiata Court 4 Radiata Court 18 Romanini Court 17 Saint Albans Close 18 Saint Albans Close 19-21 Shale Street 15 Slate Close 28 Slathiel Street 2 Taringa Street 11 Tolson Close 3 Vauclause Close 22 Wills Street 33 Wills Street 15 Windamere Close

3 4 3 3 3 4 5 4 4 3 4 4 4 5 3 3 4 4 4 4 4 4 3 3 4 3 4 4 4 4 4 4 3 4 4 4 4 4 4

1 2 1 2 2 2 2 2 2 1 2 2 1 2 3 1 2 2 2 2 2 2 1 2 2 2 2 2 2 2 2 2 1 2 2 2 2 2 2

1 2 1 2 2 2 2 2 3 2 2 2 2 3 1 4 2 2 2 1 2 2 2 2 2 3 2 2 2 2 2 2 2 1

725 700 700 1,122 350 801 789 1,314 800 884 1,065 715 870 749 808 4,245 876 1,018 1,076 1,073 809 781 600 600 740 660 700 1,076 561 677 600 700 863 1,085 843 641 800 751 600 550 700

$590,000 $598,000 $565,000 $415,000 $560,000 $780,000 $740,000 $1,166,000 $875,000 $750,000 $560,000 $1,206,000 $838,000 $550,000 $798,000 $1,300,000 $540,000 $715,000 Not Disclosed $665,000 $730,000 $615,000 $596,000 $524,000 $585,000 $630,000 $700,000 $350,000 $320,000 $1,150,000 $695,000 $725,000 $640,000 $812,000 $560,000 $511,500 $560,000 $800,000 $620,000 $644,000 $735,000

-

-

-

1,055 786 706 626 677 575 631 626 1,343 980

$820,000 $400,000 $390,000 $370,000 $365,000 $360,000 $335,000 $320,000 $305,000 $359,500

Land 56 The Peak Road 15 Radiata Court 1 Radiata Court 3 Radiata Court 11 Radiata Court 8 Radiata Court 1A Radiata Rise 7 Radiata Court 31 East Parkridge Drive 1B Allamanda Rise

M O ulti ffe pl rs e

OUR RECENT STANDOUT SALES IN BRINSMEAD 29 East Parkridge Drive

Re Stre co et rd

Sold: $1,166,000 Land size: 1,314m² Attributes: 5 Bed, 2 Bath, 2 Car

10 Fox Close

S au old ct a io t n

11 Tolson Close

M O ulti ffe pl rs e

Sold: $880,000 Land size: 1,402m² Attributes: 5 Bed, 2 Bath, 3 Car, Pool

18 Romanini Court

Sold: $560,000 Sold under the hammer at auction Land size: 800m² Attributes: 4 Bed, 2 Bath, 2 Car

M O ulti ffe pl rs e

Sold: $1,150,000 Multiple Offers Land size: 677m² Attributes: 4 Bed, 2 Bath, 2 Car, Pool

12 Opaline Close Sold: $596,000 Buyer inspections & enquiries: 63 Land size: 600m² Attributes: 4 Bed, 2 Bath, 2 Car

YOUR LOCAL BRINSMEAD EXPERT Having grown up around the industry, it was a natural progression for Alexie to become a real estate agent and it very quickly became his passion.

Alexie’s commitment to providing an exceptionally high level of service while delivering the best possible results for his clients has seen him firmly establish himself in the industry and resulted in him receiving the Twomey Schriber runner up award for Salesperson Of The Year in 2023.

Offering drive, tenacity and extensive knowledge of all the latest marketing tools, Alexie is guaranteed to provide you a superior result for your most valuable asset.

If you’re wondering what the new value of your property could be in the current market or require any real estate advice at all, please don’t hesitate to get in touch.

SALESPERSON OF THE YEAR RUNNER UP 2023

6

Brinsmead 6 Monthly Report

WHAT MY CLIENTS SAY ABOUT ME

“

Highly professional and trustworthy and knowledgeable. Alexie is a very nice person to work with and he and his team made the experience of selling our property much smoother and got a great outcome.

“

Excellent experience.

We have both purchased and sold property through Alexie and both times he was highly responsive and kept us well informed throughout the process.

Would highly recommend to anyone looking to sell.

- Seller

“

CLICK HERE to read all my client reviews.

Highly recommend.

Alexie was great to deal with. From a buyers perspective he went above and beyond for us and I would highly recommend him. If we do ever end up selling, Alexie will be the first person we call.

- Buyer

- Seller

“

Outstanding. From start to finish Alexie was brilliant.

He was organised, deliberate, confident and communicated well. He is excellent at what he does and I would recommend him to anyone.

- Seller

Twomey Schriber Property Group

7

DOWNLOAD AN INSTANT REPORT FOR YOUR HOME Would you believe me if I said the median property value in Brinsmead has increased a whopping 50.6% in only 5 years?!

CLICK HERE and enter your address for an instant Digital Property Report that highlights your market value including recent sales, rental history, suburb report and more.

320 Sheridan Street, Cairns North QLD 4870 Email: alexie@tspropertygroup.com.au Mobile: 0406 534 328 Phone: (07) 4031 3138 Website: www.tspropertygroup.com.au

Data taken from CoreLogic and other sources we assume to be reliable as at 04/07/24. We assume no responsibility or liability for any errors or omissions in the content. The information contained in this document has no guarantees of completeness, accuracy, usefulness or timeliness.

8

Kanimbla 6 Monthly Report