Moooroobool Property Report - January 2025

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MOOROOBOOL

6 Monthly Property Report: July - December 2024

you

Brought to
by Karl Latham

YOUR PROPERTY MARKET REPORT

“...Cairns is at 10 o’clock on the residential property cycle, indicating a rising market.”

Sold by Karl Latham

The Cairns property market showed strong recovery in 2024 following the floods, particularly in the southern corridor, where properties in the $500,000–$700,000 range have been highly sought after by investors. More than 50% of Cairns suburbs saw double-digit median price growth, especially in the 4870 postcode, while Palm Cove experienced an almost 20% decline.

Units performed exceptionally well, with some suburbs like Bungalow seeing up to 37% growth. The rental market remains tight, with vacancy rates as low as 0.2% at the beaches and 4% in Smithfield, well below the balanced market level of 3%.

Rental yields range from 4.6% to 6% for houses and 6% to 8% for units, attracting many investors.

Looking ahead to 2025, the Cairns economy is strengthening due to major infrastructure, healthcare, and commercial developments, leading to job growth and increasing population demand. The real estate market is expected to continue rising, with

Herron Todd White placing Cairns at 10 o’clock on the residential property cycle, indicating a rising market.

However, with the federal election expected around April–May, the market may experience a temporary slowdown. Sellers are advised to carefully consider timing when listing their properties.

For further insights or selling advice, I encourage you to reach out.

0403 887 645

karl@tspropertygroup.com.au CLICK HERE to watch my full Cairns property market update on YouTube.

MARKET TRENDS: HOUSES

$622k

Median house value

117

13.2%

Number of sales 17 Median days on market $540pw Median rent for houses

SALES ACTIVITY: HOUSES

MARKET TRENDS: UNITS

$409k

Median unit value

49 Number of sales

21.8%

The above stats are calculated over a rolling 12 month period. The median values are then compared with the results from the same period 12 months ago. Data taken on 30/01/2025

2024 Statistics Properties sold 568 $320.3m

Value of properties sold

13

18,310

4,047 6,807

17

Median days on market

Enquiries received Active buyers

Open home attendees Sales team members

250+ 13%

Combined years experience Top market share in Cairns

WHAT

IS YOUR PROPERTY WORTH?

Download an instant report for your property

Click here to enter your address for an INSTANT Digital Property Report that highlights your market value including recent sales, rental history, suburb report and more.

Cathy Karl Andrea

I’m incredibly happy with the service I received from Karl and his entire team for the sale of my investment property. He was a great communicator through the process, has access to the best trades where needed and has a proven track record of success.

Wouldn’t hesitate to recommend him for the sale of your property.

320 Sheridan Street, Cairns North QLD 4870

Email: karl@tspropertygroup.com.au Mobile: 0403 887 645 Website: www.tspropertygroup.com.au

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