Q4 2024 Property Report - Daniel Roser

TWOMEY SCHRIBER Quarterly Property Report: October - December 2024

Brought to you by Daniel Roser

Reflecting on 2024 and Looking Ahead to 2025 As we transition into 2025, it’s worth reflecting on a dynamic and resilient year for the Cairns property market.

Throughout 2024, the market demonstrated strong demand across a diverse range of buyer profiles. A mix of local purchasers, interstate relocators, and investors drove consistent activity, with affordability, lifestyle appeal, and high rental yields continuing to underpin the region’s desirability.

Over the past year, rental demand remained a standout feature, with low vacancy rates ensuring steady competition for wellpresented properties. Infrastructure developments and a growing population supported confidence in the market, with many areas seeing steady price growth.

Cairns: A Dynamic and Growing Market This past quarter, the Cairns market has continued to thrive, with both buyer and investor confidence remaining strong. Family-friendly areas and those offering larger blocks or development potential have maintained their popularity, drawing diverse interest from across the spectrum. Cairns’ reputation as a lifestyle destination remains a key driver, with buyers seeking an affordable entry point into one of Queensland’s most attractive regions.

Investor activity has shown growth, with low rental vacancy rates ensuring competitive yields. Properties in well-maintained condition are achieving quick sales, often exceeding expectations, reflecting the ongoing demand across the region.

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Market Trends & Buyer Insights Cairns continues to attract a mix of families, retirees, and investors.

Families are drawn to the region’s community-focused amenities and excellent lifestyle opportunities, while investors are capitalising on rental market stability. Interstate migration remains a significant factor, as buyers from larger cities look for affordable tropical living options.

In line with 2024 trends, infrastructure projects, such as road upgrades and community enhancements, are bolstering buyer confidence. These improvements, paired with consistent demand and stable prices, signal a positive outlook for the region.

Outlook for 2025 Looking ahead, the Cairns property market is expected to remain strong.

Investor interest is likely to continue as rental demand stays high, and families and owner-occupiers are anticipated to sustain interest in areas with strong lifestyle appeal. Infrastructure developments and population growth will further support market activity, ensuring a stable and prosperous year ahead.

If you’d like to discuss the market or are considering buying or selling, I’m happy to provide advice and insights tailored to your needs. Feel free to reach out anytime—I’m here to help.

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

24 Valmadre Street, Caravonica Sold $690,000 16 buyer enquiries

Twomey Schriber Property Group

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TWOMEY SCHRIBER’S SALES FOR THE PAST 3 MONTHS

130

Highest Sale

Total properties sold

$3,300,000

76 48 Units 4 Land 2 Other

Houses

Lowest Sale

$180,000

Total Value Sold

Enquiries

$80.3M

3,473

Median Days On Market

Open Home Attendees

12.5

1,370

CAIRNS (4870) CURRENT MARKET STATISTICS

$749,404 $367,995 Average asking price (house)

Average asking price (unit)

402 New listings on market for Q4

0.9% Vacancy rate Above data obtained from sqmresearch.com.au and is correct as at 06/01/2025 4

WHY TWOMEY SCHRIBER? 2024 Statistics

568

Properties sold

$320.3m 13

Value of properties sold

Median days on market

18,310

Enquiries received

4,047

Active buyers

6,807

Open home attendees

17

Sales team members

250+ 13%

Combined years experience

Top market share in Cairns

Twomey Schriber Property Group

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51 Verbena Drive, Mount Sheridan Sold $860,160

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Twomey Schriber Property Group

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M O ulti ffe pl rs e

SOME CLIENTS WE HAVE HELPED THIS YEAR

52 Wirrah Cl, Bayview Heights Sold price: $832,000

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

4/36-38 Old Smithfield Road Sold price: $360,000

M O ulti ffe pl rs e

1/4 Cavanagh Street, Woree Sold price: $326,000

O 11 ffe rs

13/27-29 Stokes St, Edmonton Sold price: $264,000

93 Woodlock Drive, Edmonton Sold price: $642,000

M O ulti ffe pl rs e

M O ulti ffe pl rs e

M O ulti ffe pl rs e

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

17 Jordan Street, Edmonton Sold price: $450,000

16 Malibu Close, White Rock Sold price: $537,500 M O ulti ffe pl rs e

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

28/55-57 McCormack St, Manunda Sold price: $267,000

3/29 Mintaro Crescent, Woree Sold price: $270,000

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

69 Draper Road, Gordonvale Sold price: $950,000

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HIGHLY recommend!

Daniel made selling our property as easy and as seamless as possible! Because of his expertise and contacts, we were able to sell our property off market, quickly and for a price that we are very happy with!

He maintained exceptional communication throughout the entire process and made sure we were kept up to date with every detail big or small.

We would highly recommend Daniel to anyone that is planning on selling their property!

- Seller

CLICK HERE to read all my client reviews.

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5/239-241 Lyons Street, Westcourt Sold $183,100

Twomey Schriber Property 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 06/01/25. 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.