Smithfield Property Report - Jan 2024

SMITHFIELD 6 Monthly Property Report: July - December 2023

Brought to you by Pauline Humphries 0412 131 627

SMITHFIELD 6 Monthly Property Snapshot: July - December 2023

120

Properties sold

90

Houses

Highest Sale

Lowest Sale

$1.2m

$201k

7

Units

23

Land

MARKET TRENDS: HOUSES

$686,000

23

Median sales value

Median sale days on market

13.7%

8.1 years

12 month change

Average length of ownership

60.9%

$650pw

5 year change

Median asking rent

SALES ACTIVITY - HOUSES

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

When it comes to selling a property, the state of the market can greatly impact the success of your sales result. There are multiple benefits to selling in a low stock market.

With low levels of properties for sale, the buyer pool is spread thin and gives your property a better chance of standing out.

Buyers who have been actively searching are highly motivated to transact when there are limited options available, increasing the buyer interest and potentially leading to multiple offers.

Properties are likely to sell faster in a low stock market as buyers will act quickly as soon as a desirable listing becomes available.

Pauline Humphries Your Real Estate Agent 0412 131 627 pauline@tspropertygroup.com.au

DOWNLOAD AN INSTANT REPORT FOR YOUR HOME 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: pauline@tspropertygroup.com.au Mobile: 0412 131 627 Phone: (07) 4031 3138 Website: www.tspropertygroup.com.au

Data taken from CoreLogic and other sources we assume to be reliable as at 6/2/24. 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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Kanimbla 6 Monthly Report