Edmonton Q1 2024 Property Report

EDMONTON Quarterly Property Report: January - March 2024

Brought to you by Daniel Roser

YOUR EDMONTON PROPERTY MARKET REPORT In recent months, Cairns’ real estate market has seen a pronounced effect due to the sustained low housing supply. This scarcity has been a driving force behind heightened activity within the region.

Moreover, following the Reserve Bank’s decision to maintain current interest rates, there has been a notable surge in buyer confidence.

Investment yields in Cairns are experiencing growth, thus presenting compelling opportunities for investors seeking to diversify their portfolios. The upward trajectory in investment yields signifies a promising landscape for those considering real estate investment in the region.

robust results in the current market climate. This trend underscores the importance of strategic pricing and effective presentation for sellers aiming to capitalise on prevailing market conditions.

In conclusion, Cairns’ real estate market continues to exhibit resilience and promise amidst evolving dynamics. By staying informed and proactive, both sellers and buyers can position themselves advantageously.

For further insights tailored to your specific circumstances, I invite you to reach out for a comprehensive property review.

For property owners contemplating sales or purchases, it is imperative to obtain an updated market estimate to ensure informed decision-making.

Likewise, prospective buyers are encouraged to prepare by securing pre-approved finance, assembling a substantial deposit, and adopting a proactive stance in navigating the competitive market environment.

Properties that adhere to the principles of being competitively priced, well-presented, and promptly available are consistently achieving

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

SALES FOR THE PAST 3 MONTHS

41

Highest Sale

Total properties sold

37 2 2

$900k

Houses Lowest Sale

Units

$100k

Land

MARKET TRENDS: HOUSES

$528k

10.4%

Median house value

206

13

$550pw

Number of sales

Average days on market

Median rent for houses

MARKET TRENDS: UNITS

$288k

24.2%

Median unit value

29

23.5

$380pw

Number of sales

Average days on market

Median rent for units

The above stats are calculated over a rolling 12 month period and compared with the results from the same period 12 months ago.

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PROPERTIES SOLD IN THE PAST 3 MONTHS Address 23 Rosa Close 13 Badilla Street 4 Gattenby Close 24 Barney Street 16 Zarr Street 8 Meranti Street 1/31 Galeandra Street 7 Garioch Close 30 Maren Street 25 Badilla Street 70 Mallicoola Crescent 17 Novelli Street 21 Novelli Street 12 Moroney Avenue 9 Simpkin Close 7 Byers Street 18 Ayla Court 20 Ayla Court 201 Bruce Highway 11 Trojan Street 6 Mcphail Street 224 Wiseman Road West 5 Byers Street 145 Wiseman Road West 14 Badilla Street 18 Sedgwick Close 2 Moth Close 8 Hyacinth Close 4 Jorgensen Street 17 Savage Street 5 Galeandra Street 67 Archibald Street 61 Archibald Street 36 Banville Street 14 Akbar Close 21 Isley Street 8-10 Millhouse Close Units 27/35-37 Louie Piccone Way 13/27-29 Stokes Street Land 27 Ayla Court 21 Ayla Court

Bed 3 3 3 3 2 3 3 3 3 3 4 4 4 3 4 3 4 4 5 5 4 4 3 6 4 6 3 3 3 4 4 4 4 4 4 4 4

Bath 1 1 1 1 1 1 2 1 1 1 2 2 2 1 2 2 2 2 2 2 2 2 2 3 2 4 1 2 1 2 2 2 2 2 3 2 2

Car 2 1 1 3 1 1 2 2 1 3 2 2 2 2 2 2 2 2 5 5 2 2 3 2 2 2 1 2 1 2 2 2 2 2 2 2 2

Land Size (m²) 889 725 961 700 700 700 138 770 700 1,162 540 602 450 601 487 733 514 510 1,012 809 719 1,151 1,645 4,061 725 928 660 655 745 478 700 489 600 639 771 700 1,525

Sale Price $281,000 $329,000 $350,000 $379,500 $430,000 $440,000 $445,000 $452,000 $455,000 $480,000 $482,000 $499,000 $505,000 $550,000 $565,000 $575,000 $596,500 $610,000 $630,000 $640,000 $651,000 $715,000 $820,000 $900,000 $560,000 $711,500 $427,111 $450,500 $460,000 $495,000 $505,000 $525,000 $550,000 $550,000 $595,000 $635,000 $781,000

1 2

1 1

1 1

41 74

$100,000 $264,000

1,035 733

$225,000 $264,000

DANIEL’S STANDOUT SALES IN EDMONTON 93 Woodlock Drive Sold price: $642,000 Buyer enquiries: 15 Buyer inspections: 11 Days on market: 11

M O ulti ffe pl rs e

Attributes: 4 Bed, 2 Bath, 3 Car, 635m²

13/27-29 Stokes Street List price: Offers over $255,000 Sale price: $264,000 Days on market: 8 Buyer inspections: 11

M O ulti ffe pl rs e

Attributes: 2 Bed, 1 Bath, 1 Car, Complex Pool

21 Isley Street List price: Offers over $579,000 Sold price: $635,000 Offers: 5 Days on market: 6 Buyer inspections: 18 Attributes: 4 Bed, 2 Bath, 3 Car, 700m²

21 Ayla Court Sale price: $210,000 Days on market: 203 Buyer enquiries: 18 Land size: 733m²

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DOWNLOAD AN INSTANT REPORT FOR YOUR HOME Would you believe me if I said the median property value in Edmonton has increased a whopping 63.1% 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.

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 03/04/24. 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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