Cairns City Property Report - Feb 24

CAIRNS CITY UNITS

6 Monthly Property Report: September 2023 - February 2024

Brought to you by Karen Hartley

CAIRNS CITY Unit Sales From September 2023 - February 2024

60

Units sold

Highest Sale

Lowest Sale

$1.83m $120k

CAIRNS CITY NEW MARKET STATS

$489,000

21.5

Median sales value

Median sale days on market

9.8%

9.2 years

12 month change

Average length of ownership

48.8%

$590pw

5 year change

Median asking rent

SALES ACTIVITY

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.

Karen Hartley Real Estate Professional 0438 324 207 karen@tspropertygroup.com.au

GET TO KNOW KAREN HARTLEY Representing homeowners and investors in the Cairns property market for 25 years, Karen is committed to assisting her clients with her experienced market knowledge in residential sales, asset management and business development.

Karen sees her role as agent to give unconditional support guiding her clients throughout the sales process with enthusiasm, confidence, experienced advice, and exceptional service always.

Presentation, clear communication, professional and thorough, she will be alongside you every step of the way, making the process as easy as possible for you!

Karen has been an active member of the community involved in many committees and sporting/corporate events in the area over the years.

Enjoying what we all come to North Queensland for, Karen spends her days working amongst beautiful properties, looking after her clients and buyers, happily living the relaxed and perfect tropical lifestyle in beautiful Cairns!

320 Sheridan Street, Cairns North QLD 4870 Email: karen@tspropertygroup.com.au Mobile: 0438 324 207 Phone: (07) 4031 3138 Website: www.tspropertygroup.com.au

Data taken from CoreLogic and other sources we assume to be reliable as at 11/03/24. 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.

4

Kanimbla 6 Monthly Report