Q1 2024 Property Report - Daniel Roser

TWOMEY SCHRIBER Quarterly Property Report: January - March 2024

Brought to you by Daniel Roser

YOUR CAIRNS 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.

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.

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

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Daniel Roser 0423 647 751 daniel@tspropertygroup.com.au

TWOMEY SCHRIBER’S SALES FOR THE PAST 3 MONTHS

141

Highest Sale

Total properties sold

69 57 12

$1,525,000

Houses Units Land

Lowest Sale

$150,000

Total Value Sold

Enquiries

$75.3M

4,938

Average Days On Market

Open Home Attendees

22.55

2,106

CAIRNS (4870) CURRENT MARKET STATISTICS

0.6% Vacancy rate

Down from 1% in December

$680,483

544

Average asking price

New listings on market for Q1

Above data obtained from sqmreasearch.com.au and is correct as at 28 March 2024

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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

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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