Q3 2024 Property Report - Daniel Roser

TWOMEY SCHRIBER Quarterly Property Report: July - September 2024

Brought to you by Daniel Roser

YOUR CAIRNS PROPERTY MARKET REPORT Over the past three months, the Cairns property market has maintained consistent demand across many areas.

The region’s blend of lifestyle appeal, affordability, and strong rental yields continues to draw both local and interstate buyers, with many suburbs seeing competitive buyer interest.

Cairns: A Diverse and Resilient Market Throughout the Cairns region, a mix of family homebuyers, investors, and interstate relocators has kept market activity high. Popular suburbs such as Edge Hill, Whitfield, and Redlynch continue to attract families and professionals, offering a desirable combination of amenities and proximity to the CBD. Meanwhile, investors are focusing on suburbs with high rental demand and affordable entry points, ensuring strong returns.

Rental yields across the region remain robust, and well-presented homes in sought-after locations are seeing quick turnovers. As rental vacancy rates stay low, suburbs closer to the CBD and along the southern corridor are performing particularly well for investors.

southern cities continue to play a significant role.

Key infrastructure developments, including road expansions and new community amenities, are also increasing buyer confidence across the region, leading to an overall positive outlook for both property prices and rental yields.

Outlook Looking ahead, the Cairns property market is expected to remain strong.

Demand from families and investors will likely continue, particularly in suburbs with solid growth potential.

Rental demand is set to stay high, making Cairns an attractive option for investors seeking good returns.

If you’re curious about the market or would like advice on your property’s potential, I’m happy to offer guidance.

Feel free to reach out anytime.

Buyer Demographics & Market Trends Cairns’ diverse buyer base includes a mix of families, retirees, and investors.

Families are drawn to suburbs with excellent schools, parks, and community infrastructure, while investors are capitalizing on the strong rental market. Additionally, interstate buyers seeking a tropical lifestyle without the high property prices of 2

Daniel Roser 0423 647 751 daniel@tspropertygroup.com.au

44 Mayflower Street, Mount Sheridan Sold $785,000 16 buyer inspections

Twomey Schriber Property Group

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TWOMEY SCHRIBER’S SALES FOR THE PAST 3 MONTHS

124

Total properties sold

Highest Sale

65 Houses 53 Units 5 Land 1 Commercial

Lowest Sale

$1,550,000 $180,000

Total Value Sold

Enquiries

$71.6M

4,603

Average Days On Market

Open Home Attendees

18.03

1,407

CAIRNS (4870) CURRENT MARKET STATISTICS

0.7% Vacancy rate

Holding steady since July

$699,362 $347,527 Average asking price (house)

Average asking price (unit)

610 New listings on market for Q3

Above data obtained from sqmresearch.com.au and is correct as at 1 October 2024 4 4

WHY TWOMEY SCHRIBER? 2024 Year To Date Statistics

449

Properties sold

$250m 21.3

Value of properties sold

Average days on market

14,837

Enquiries received

3,936

Active buyers

5,437

Open home attendees

17

Sales team members

250+ 14%

Combined years experience

Top market share in Cairns

Twomey TwomeySchriber SchriberProperty PropertyGroup Group

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31 Stream Avenue, Kewarra Beach Sold $1,350,000

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Twomey TwomeySchriber SchriberProperty PropertyGroup Group

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So M ld ar O ke ff t

A FEW CLIENTS WE HAVE HELPED

2/29 Galeandra Street, Edmonton Sold price: $440,000

M O ulti ffe pl rs e

12/215-217 Mcleod St, Cairns Nth Sold price: $270,000

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9 Spartan Close, Edmonton Sold price: $640,000

31 Stream Avenue, Kewarra Beach Sold price: $1,350,000

24/44-50 Pease Street, Manoora Sold price: $400,000

44 Mayflower St, Mount Sheridan Sold price: $785,000

M O ulti ffe pl rs e

34/21-29 Giffin Road, White Rock Sold price: $535,000

24 Meranti Street, Edmonton Sold price: $599,000

1/28 Valmadre Street, Caravonica Sold price: $431,100

M O ulti ffe pl rs e

M O ulti ffe pl rs e

So M ld ar O ke ff t

19/87-91 Earl Street, Westcourt Sold price: $200,000

6/4-6 Brown Street, Woree Sold price: $310,000

4/29 Mintaro Crescent, Woree Sold price: $300,000

WOULD YOU LIKE TO BE NEXT? Click below to book an appraisal.

REQUEST APPRAISAL Twomey TwomeySchriber SchriberProperty PropertyGroup Group

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TESTIMONIAL

“

All round top agent - can I give him 6 stars?

I found Daniel to be a very professional operator. From the start, he communicated what he need from the property in order to meet the market and his delivery was respectful and encouraging.

He was realistic with pricing and explained his thought lines. Throughout the process he kept us informed with the outcomes of open homes and potential buyers. He always arrived well before the open home times so that we had time to vacate and he was always very positive.

Daniel is a good listener and was considerate of what my needs were and had a genuine respect for the property and my furniture and contents. He always took his boots off even when I said he didn’t have to.

I found Daniel’s knowledge of the market to be vast and if ever required, he was able to call on the knowledge of his colleagues.

During the time after the contract was signed, Daniel kept me updated on when sale conditions were met and checked in on me a number of times when the contract was unconditional, to ensure everything was on track for settlement date. The settlement transaction was smooth and not 5 minutes after he was on the phone to congratulate me.

Thanks Daniel, you have made this transaction worry-free and would not hesitate to recommend you to anyone looking to buy or sell real estate.

- Seller

CLICK HERE to read all my client reviews.

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34/21-29 Giffin Road, White Rock Sold $535,000 ($36,000 over asking) 4 Offers

Twomey TwomeySchriber SchriberProperty PropertyGroup Group

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DOWNLOAD AN INSTANT REPORT FOR YOUR HOME 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: daniel@tspropertygroup.com.au Mobile: 0423 647 751 Phone: (07) 4031 3138 Website: www.tspropertygroup.com.au

Data taken from CoreLogic and other sources we assume to be reliable as at 01/10/24. 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.

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