Cairns Report - June 2025

CAIRNS REPORT June 2025

Property Trends & Insights, Cairns City New Market Stats, Local Economy In Numbers + MORE Balcony view from Apartment 706 Harbour Lights Open home: Sunday 6th July - Call Kaz for details 0438 324 207

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Great Service We recently had the pleasure of working with Kaz Hartley from Twomey Schriber Property Group on the sale of a property in Cairns, North Queensland. Kaz had important insights into the local real estate market and in particular the building we were selling in, assisting us in making informed decisions about the sale. We were impressed with Karen’s level of assertiveness and responsiveness. We wholeheartedly recommend Karen to anyone who’s looking to buy or sell a property in Cairns in the near future.

- Seller

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Kaz Hartley - Representing homeowners and investors in the Cairns property market for 25 years

Kaz Hartley Your Property Agent karen@tspropertygroup.com.au 0438 324 207

Consistently meets client expectations for property purchase price.

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CONTACT KAZ

WHY TWOMEY SCHRIBER? 2025 Statistics: January - June

263

Properties sold

$162.1m 14

Value of properties sold

Median days on market

8,783

Enquiries received

4,228

Active buyers

3,759

Open home attendees

19

Sales team members

300+ 12%

Combined years experience

Top market share in Cairns

Twomey Schriber Property Group

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CAIRNS CITY Unit Sales: Last 12 Months

107

Units sold

Highest Sale

Lowest Sale

$3.35m $110k

CAIRNS CITY NEW MARKET STATS

$536,000

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Median sales value

Median sale days on market

3.9%

11.1 years

12 month change

Average length of ownership

72.5%

$590pw

5 year change

Median asking rent

SALES ACTIVITY

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Source: Herron Todd White, Month in Review June 2025

Twomey Schriber Property Group

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THE CAIRNS ECONOMY The Cairns region has a diverse economy with a Gross Regional Product estimated at $11.46 billion.

Large-scale land developments in the city, planned or in progress, reflect a high confidence in the Cairns economy. Examples include the recent investment in Screen Queensland studio, expansion of the marine precinct, the development of the FNQ Health and Innovation Precinct, and Cairns Airport’s investment in their Eastern Precinct.

The number of job advertisements appearing monthly have been consistently higher than 6,000 ads each month through 2024.

The largest industry in Cairns by employment is Healthcare and Social Assistance. The healthcare industry is also the biggest contributor in dollar value, accounting for 19 per cent of the Cairns economy. Other significant contributing industries include transport, warehousing, public administration and safety, and construction.

The construction industry is second-largest employer of people in the Cairns region, and accounts for more local businesses than any other industry.

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Cairns economy in numbers • • • • • • •

14,800+ registered business in Cairns 88,500+ jobs located in Cairns 175,000+ estimated resident population of Cairns 289,900+ estimated service population for the Cairns region and surrounds $297m value of building approvals in the 24-25 FYTD (January) financial year 97,700+ residents employed 2.9% unemployment rate More detailed economic data about Cairns can be found using the Council’s free Cairns Economic Profile Tool.

Source: Cairns Regional Council

HOW TO FORECAST PROPERTY MARKETS Each individual city has literally dozens of moving parts which collectively influence the performance of a city’s property market.

Evidence-based studies confirm that there is a ‘science’ behind property market forecasting.

But, as with all other sciences including medicine, it certainly is not an exact science.

Propertyology’s Head of Research explains the unique complexities in this sit-down video interview linked below.

Source: Propertyology

Twomey Schriber Property Group

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AN UPDATE FROM THE CAIRNS CONVENTION CENTRE It’s been a busy few months at the Cairns Convention Centre, with our team proudly delivering a series of highprofile Conferences.

Highlights include the Asia Pacific Orthopaedic Surgeons Conference, where over 750 specialists explored the latest in technology and innovation; the Australian and New Zealand College of Anaesthetists, which welcomed more than 1,500 delegates focused on ‘futureproofing’ their profession; and the wellknown Cairns Crocodiles event, now in its fourth year, drawing over 2,000 attendees.

We’re proud to share that in the 2024/25 financial year, Conferences and events hosted at the Centre have contributed an impressive $80 million in delegate spending to the Cairns economy— supporting local hotels, restaurants and small businesses across the region.

Looking ahead, our business events calendar remains strong, with major upcoming Conferences including the CAPA Airline Leader Summit Australia 8

Pacific, the 20th International Bat Research Conference, Developing Northern Australia, the Australian Catholic Education Conference 2025, and the 50th ASAV Annual Conference, together with AVDS, AVCB and UPAV. We’re also excited to welcome an exciting line-up of live entertainment, featuring No-Limit Boxing, PBR Cairns, Celeste Barber, The Simon & Garfunkel Story, Jimmy Carr: Laughs Funny, and the rescheduled Suzi Quatro show. Our events team continues to work hard to bring a dynamic mix of national and international acts to the region.

Stay in the loop with all the exciting happenings at the Cairns Convention Centre by following us on social media and subscribing to our newsletter.

Janet Hamilton General Manager, Cairns Convention Centre Discover Upcoming Live Events: CONVENTION CENTRE - WHAT’S ON

BOLD VISION UNVEILED TO SUPPORT HOUSING GROWTH IN CAIRNS CBD MEDIA RELEASE • Targets housing, public space, and precinct revitalisation • Supports 32% population growth forecast by 2046 • Community invited to engage through June exhibitions and events Transforming the City Centre Cairns Regional Council has launched the City Precincts Urban Regeneration Project, a bold initiative to encourage residential investment and revitalise key city areas. The project focuses on increasing housing supply and enhancing public spaces across the CBD and inner suburbs, preparing for a projected 32% population growth between 2021 and 2046.

A strategic vision for urban growth Drawing on early insights from the Draft Toward 2050 Strategy, the project outlines a long-term plan for a more vibrant, connected, and liveable Cairns.

It includes detailed, costed projects and policy recommendations designed to attract investment and support infill housing.

The vision spans the Cairns CBD and three major precincts: • Major Events Centre – including Barlow Park and the Cairns Showgrounds

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Health Precinct – encompassing Cairns Hospital and the JCU Health and Innovation Precinct • CBD South – featuring areas such as Abbott Street, Grafton Street, and Wharf Street Key strategies The regeneration roadmap proposes a mix of urban improvement and policy reform, including: • Enhancing public space quality and connectivity • Expanding the urban canopy • Implementing resilience and hazard mitigation measures • Improving connectivity, walkability • Boosting economic and social vibrancy • Reflecting the community’s diversity • Tailored planning policy that responses to Cairns’ housing needs, climate, demographics and construction feasibility This initiative complements Council’s Development and Incentives Policy, which waives infrastructure charges for eligible infill housing in targeted precincts.

CLICK TO READ THE FULL MEDIA RELEASE Published: 28th May 2025 (Note: information was correct at date of publication but may have since been changed or superseded). Source: Cairns Regional Council

KEY STAKEHOLDERS SUPPORT COUNCIL’S PLANS TO UNLOCK SOUTHERN GROWTH CORRIDOR Independent cost analysis commissioned by Council has identified approximately $450 million in new and upgraded infrastructure is required to facilitate the first stage of the Southern Growth Corridor.

MEDIA RELEASE Cost estimates, the need for accelerated and robust planning, and investment from all levels of government to unlock the Southern Growth Corridor and deliver new housing sooner, have been outlined in a report unanimously endorsed by Council today.

Cairns Chamber of Commerce, RDA Tropical North, and Advance Cairns have added their support alongside Master Builders and Access Housing to Council’s strategy to development of the 3,300-hectare undeveloped land to the south of the city, located between Edmonton and Gordonvale.

As outlined in Council’s Securing Cairns Hosing Foundations briefing paper, the parcel of land has the potential to deliver 18,500 new homes and ease the city’s housing crisis.

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Council is advocating for a tripartite funding arrangement with the State and Federal Governments – $150 million from each – to deliver the infrastructure required to initially service around 3,800 lots and create additional capacity for thousands more.

Pivotal to accelerating delivery of development in the Southern Growth Corridor will be implementation of a Priority Development Area (PDA).

Through the PDA process, Council can work collaboratively with the State Government to bring forward the planning and delivery of infrastructure in the corridor, meaning more new homes in liveable communities can be delivered sooner.

It also strengthens Council’s advocacy position to secure the necessary State and Federal Government investment for critical trunk infrastructure.

CLICK TO READ THE FULL MEDIA RELEASE INCLUDING STAKEHOLDER’S COMMENTS Published: 30th April 2025 (Note: information was correct at date of publication but may have since been changed or superseded). Source: Cairns Regional Council

CRUISE SHIP CALENDAR Discover when the beautiful cruise ships from all over the world are visiting the Port of Cairns and other regional ports.

The schedule provide each ship’s planned movements for each month, their length of stay and other details including passenger numbers and shipping agents.

Thinking of your next holiday, then maybe jump on board one of the departures out of Cairns!

View The 2025 Cruising Calendar Source: Cairns Port Authority

Twomey Schriber Property Group

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UNLOCK YOUR PROPERTY’S POTENTIAL WITH KAREN Cairns City’s property market is seeing strong demand with many buyers actively searching for their dream home. Now is the ideal time to find out what your property might be worth.

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.

karen@tspropertygroup.com.au 0438 324 207 320 Sheridan Street, Cairns North QLD 4870 www.tspropertygroup.com.au

Data taken from CoreLogic and other sources we assume to be reliable as at 25/06/2025. 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. Clients should not act solely on the basis of the material contained in this newsletter. Items herein are general comments only and do not constitute or convey advice per se. The newsletter is issued as a helpful guide to clients and is for their private information. Every effort is made to ensure the contents are accurate at the time of publication. We take no responsibility for any subsequent action that may arise from the use of this newsletter.