Brought to you by Daniel Roser
Quarterly Property Report: January - March 2024
EDMONTON
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.
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
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.
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Daniel Roser 0423 647 751 daniel@tspropertygroup.com.au
SALES FOR THE PAST 3 MONTHS
MARKET TRENDS: HOUSES
MARKET TRENDS: UNITS
The above stats are calculated over a rolling 12 month period and compared with the results from the same period
months ago.
3 Highest Sale $900k Lowest Sale $100k Total properties sold 41 Houses 37 Units 2 Land 2
12
10.4% $528k Median house value 206 Number of sales 13 Average days on market $550pw Median rent for houses
24.2% $288k Median unit value 29 Number of sales 23.5 Average days on market $380pw Median rent for units
SOLD IN THE PAST 3 MONTHS Address Bed Bath Car Land Size (m²) Sale Price 23 Rosa Close 3 1 2 889 $281,000 13 Badilla Street 3 1 1 725 $329,000 4 Gattenby Close 3 1 1 961 $350,000 24 Barney Street 3 1 3 700 $379,500 16 Zarr Street 2 1 1 700 $430,000 8 Meranti Street 3 1 1 700 $440,000 1/31 Galeandra Street 3 2 2 138 $445,000 7 Garioch Close 3 1 2 770 $452,000 30 Maren Street 3 1 1 700 $455,000 25 Badilla Street 3 1 3 1,162 $480,000 70 Mallicoola Crescent 4 2 2 540 $482,000 17 Novelli Street 4 2 2 602 $499,000 21 Novelli Street 4 2 2 450 $505,000 12 Moroney Avenue 3 1 2 601 $550,000 9 Simpkin Close 4 2 2 487 $565,000 7 Byers Street 3 2 2 733 $575,000 18 Ayla Court 4 2 2 514 $596,500 20 Ayla Court 4 2 2 510 $610,000 201 Bruce Highway 5 2 5 1,012 $630,000 11 Trojan Street 5 2 5 809 $640,000 6 Mcphail Street 4 2 2 719 $651,000 224 Wiseman Road West 4 2 2 1,151 $715,000 5 Byers Street 3 2 3 1,645 $820,000 145 Wiseman Road West 6 3 2 4,061 $900,000 14 Badilla Street 4 2 2 725 $560,000 18 Sedgwick Close 6 4 2 928 $711,500 2 Moth Close 3 1 1 660 $427,111 8 Hyacinth Close 3 2 2 655 $450,500 4 Jorgensen Street 3 1 1 745 $460,000 17 Savage Street 4 2 2 478 $495,000 5 Galeandra Street 4 2 2 700 $505,000 67 Archibald Street 4 2 2 489 $525,000 61 Archibald Street 4 2 2 600 $550,000 36 Banville Street 4 2 2 639 $550,000 14 Akbar Close 4 3 2 771 $595,000 21 Isley Street 4 2 2 700 $635,000 8-10 Millhouse Close 4 2 2 1,525 $781,000 Units 27/35-37 Louie Piccone Way 1 1 1 41 $100,000 13/27-29 Stokes Street 2 1 1 74 $264,000 Land 27 Ayla Court 1,035 $225,000 21 Ayla Court 733 $264,000
PROPERTIES
DANIEL’S STANDOUT SALES IN EDMONTON
93 Woodlock Drive
Sold price: $642,000
Buyer enquiries: 15
Buyer inspections: 11
Days on market: 11
Attributes: 4 Bed, 2 Bath, 3 Car, 635m²
MultipleOffers
MultipleOffers
13/27-29 Stokes Street
List price: Offers over $255,000
Sale price: $264,000
Days on market: 8
Buyer inspections: 11
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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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.
6 Edmonton 6 Monthly Report