Mooroobool Property Report - Jan 2024

MOOROOBOOL 6 Monthly Property Report: July - December 2023

Brought to you by Karl Latham

YOUR MOOROOBOOL PROPERTY MARKET REPORT Property stock levels in Mooroobool have continued to decline. There has been a total of 167 sales in Mooroobool over the past 12 months, which is down by 7.7% when compared with the same period 12 months ago. 2023 has shown a steady performance and continued growth for Mooroobool, with the median house value rising 10.4%, bringing the value to $549,000.

There’s been 68 sales in Mooroobool from July to December 2023. This was made up of 40 houses, 27 units and 1 block of land. The highest sale price during this period was $1,925,000 for a property on Irene Street, while the lowest sale was a unit for $185,000.

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 click the link 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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Mooroobool 6 Monthly Report

SALES FOR THE PAST 6 MONTHS

68

Total properties sold

40 27 1

Highest Sale

$1.9m

Houses Units Land

Lowest Sale

$185k

MOOROOBOOL’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.

$549k Median house value

167

10.4%

Number of sales

7.7%

15

No change

Days on market

$530pw

$395pw

Median rent for houses

Median rent for units

Twomey Schriber Property Group

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OUR PROPERTIES SOLD IN THE PAST 6 MONTHS Address

Bed

Bath

Car

Land Size (m²)

Sale Price

50 Carnation Drive

3

1

1

652

$490,000

1 Hadrian Avenue

4

2

3

783

$100,000

3 Hermes Close

3

1

1

701

$549,000

70 Irene Street

6

2

2

1,119

$500,000

13 Marigold Close

3

1

2

749

$435,000

487 Mccoombe Street

5

2

1

1,295

$520,000

10 Rosemont Court

4

2

2

709

$765,000

2 Silky Oak Court

3

2

1

301

$497,500

11 Silky Oak Court

3

1

1

311

$437,500

70 Summerhill Drive

4

2

2

1,059

$850,000

29 Dunbar Street

3

2

7

800

$510,000

66 Irene Street

3

1

2

1,109

$585,000

5 Sunflower Drive

3

1

1

989

$420,000

1/3 Ingham Court

2

1

1

80

$270,000

72/8-14 Munro Terrace

3

2

2

147

$520,000

57/1-15 Robson Street

2

2

1

127

$392,000

54/5-15 Mcgregor Street

2

1

1

-

$315,000

8,202

$600,000

Units

Land 89 Summerhill Drive

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Mooroobool 6 Monthly Report

M O ulti ffe pl rs e

KARL’S STANDOUT SALES IN MOOROOBOOL 487 Mccoombe Street Other agents appraised at Low-Mid $400,000s List price: Offers over $485,000 Sold price: $520,000 Days on market: 9 Buyer inspections: 42

M O ulti ffe pl rs e

Land size: 1,295m² Attributes: 5 Bed, 2 Bath, 1 Car

66 Irene Street List price: Offers over $559,000 Sale price: $585,000

Re Pr co ic rd e

Days on market: 6 Buyer inspections: 24 Land size: 1,109m² Attributes: 3 Bed, 1 Bath, 2 Car, Pool

54/5-15 Mcgregor Street Similar sales: $230,000 $10,000 presale works organised by Karl List price: $288,000 Sale price: $315,000 (record price) Attributes: 2 Bed, 1 Bath, 1 Car

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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Mooroobool 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 Mooroobool has increased a whopping 58% 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.

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