Kanimbla Property Report - Jan 2024

KANIMBLA 6 Monthly Property Report: July - December 2023

Brought to you by Karl Latham

YOUR KANIMBLA PROPERTY MARKET REPORT There has been a total of 50 sales in Kanimbla over the past 12 months, which is an increase of 11.1% when compared with the same period 12 months ago. 2023 has shown a steady performance and continued growth for Kanimbla, with the median house value rising 6%, bringing the value to $687,000.

There’s been 25 sales in Kanimbla from July to December 2023, made up of 23 houses, one unit and one block of land. The highest sale price during this period was $1,212,000 for a property on Sweetlip Close, while the lowest sale was a block of land for $260,000.

Buyers are still highly motivated to transact amid continued growth.

Property owners are in a great position to sell and capitilise on low stock levels and high demand.

I highly recommend getting a no obligation market value update on your property so you can make informed decisions. Simply scan the QR code on the back cover of this booklet to download an instant digital property report that highlights your market value including recent sales, rental history, suburb report and more.

Thanks for reading and I look forward to helping you with your real estate goals.

Karl Latham 0403 887 645 karl@tspropertygroup.com.au

CLICK HERE to watch my full Cairns property market update and predictions on YouTube.

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Kanimbla 6 Monthly Report

SALES FOR THE PAST 6 MONTHS

25

Highest Sale

Total properties sold

23 1 1

$1.21m

Houses Lowest Sale

Units

$260k

Land

KANIMBLA’S NEW MARKET STATS The below stats are calculated over a rolling 12 month period and compared with the results from the same period 12 months ago.

$687k Median sales value

50 Number of sales

18.5 Days on market

6.0% 11.1% 42.3%

$660pw Median rent for houses

Twomey Schriber Property Group

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PROPERTIES SOLD IN THE PAST 6 MONTHS Address

Bed

Bath

Car

Land Size (m²)

Sale Price

4 Clohesy Court

4

2

2

700

$600,000

7 De Roma Close

4

2

2

704

$655,000

2 Delaney Close

4

1

1

725

$525,000

4 Delaney Close

4

2

2

728

$500,000

5 Delaney Close

3

1

1

728

$500,000

34 Elphinstone Street

4

2

2

699

$675,000

15 Emperor Street

5

2

2

700

$965,000

19 Emperor Street

5

3

2

723

$980,000

5 Kingfish Street

4

2

2

664

$790,000

25 Kingfish Street

-

-

-

895

$380,000

4B Lucy Close

-

-

-

758

$342,500

20 Lucy Close

4

2

2

703

$630,000

120 Mcfarlane Drive

4

2

3

700

$938,000

142 Mcfarlane Drive

4

2

2

700

$800,000

143 Mcfarlane Drive

5

2

2

700

$852,000

175 Mcfarlane Drive

4

2

2

759

$610,000

22 Pelling Close

4

2

2

700

$790,000

18 Ramsey Drive

3

1

2

776

$510,000

18 Sweetlip Close

7

3

5

700

$1,212,000

5 Tarwhine Close

4

3

2

715

$850,000

14 Teraglin Street

4

2

2

660

$660,000

11 Trevally Close

4

2

2

758

$1,200,000

6 Yellowfin Close

4

2

2

705

$640,000

2

1

2

521

$340,000

887

$260,000

Unit 10/5 Brinsmead Terrace Land 1B Brinsmead Terrace

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Kanimbla 6 Monthly Report

M O ulti ffe pl rs e

KARL’S STANDOUT SALES IN KANIMBLA 143 McFarlane Drive List price: Offers over $825,000 Sold price: $852,000 Days on market: 5 Buyer inspections: 24 Multiple offers: 7

So M ld ar O ke ff t

Land size: 700m² Attributes: 5 Bed, 2 Bath, 2 Car, Pool

1B Brinsmead Terrace Sold Off Market List price: $259,000 Sale price: $260,000 Land size: 887m²

Karl Latham is CAIRNS & NORTH QLD’S HIGHEST RATED AGENT Based on a 5.0 star rating from 291 reviews received on realestate.com.au

LOWEST STOCK LEVELS IN DECADES Supply and demand is one of the largest factors when it comes to getting a premium price. I have been selling for 15 years and I have NEVER seen stock levels so low.

Buyer demand is still high from locals and interstate, so NOW really is one of the best times to sell your home and achieve a premium price in the last 20 years!

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Kanimbla 6 Monthly Report

RENOVATE NOW AND PAY LATER One of the services we offer that is extremely popular at the moment for those with restricted cash-flow is NO UP FRONT COSTS UNTIL SETTLEMENT! We all know presentation is key, however sometimes budgets can restrict the opportunity to maximise our homes capital.

This includes, home preparation, renovations, repairs, advertising, removal costs, lawyer fees, agent fees, alternate accommodation etc.

Enquire today for more information.

Karl Latham 0403 887 645 karl@tspropertygroup.com.au

Twomey Schriber Property Group

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DOWNLOAD AN INSTANT REPORT FOR YOUR HOME Would you believe me if I said the median property value in Kanimbla has increased a whopping 47.9% 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: karl@tspropertygroup.com.au Mobile: 0403 887 645 Phone: (07) 4031 3138 Website: www.tspropertygroup.com.au

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Data taken from RPData as at 15/01/24. 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.

Kanimbla 6 Monthly Report