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.
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
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.
The below stats are calculated over a rolling 12 month period and compared with the results from the same period 12 months ago.
OUR RECENT STANDOUT SALES IN BRINSMEAD
Multiple Offers
29 East Parkridge Drive
Sold: $1,166,000
Land size: 1,314m²
Attributes: 5 Bed, 2 Bath, 2 Car
10 Fox Close
Sold: $880,000
Land size: 1,402m²
Attributes: 5 Bed, 2 Bath, 3 Car, Pool
11 Tolson Close
Sold: $560,000
Sold under the hammer at auction
Land size: 800m²
Attributes: 4 Bed, 2 Bath, 2 Car
Attributes: 4 Bed, 2 Bath, 2 Car, Pool Multiple Offers
Multiple Offers
18 Romanini Court
Sold: $1,150,000
Multiple Offers
Land size: 677m²
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.
“ 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 - 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.
“ 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.
- Buyer - Seller
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.
Email: alexie@tspropertygroup.com.au Mobile: 0406 534 328
Phone: (07) 4031 3138
Website: www.tspropertygroup.com.au