Brought to you by Daniel Roser
TWOMEY SCHRIBER Quarterly Property Report: January - March 2024
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.
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
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.
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Daniel Roser 0423 647 751 daniel@tspropertygroup.com.au
TWOMEY SCHRIBER’S SALES FOR THE PAST 3 MONTHS
CAIRNS (4870) CURRENT MARKET STATISTICS
$680,483
3 Highest Sale $1,525,000 Lowest Sale $150,000 Total properties sold 141 Houses 69 Units 57 Land 12
Above data obtained from sqmreasearch.com.au and is correct as at 28 March 2024
price
listings
market for Q1 Total Value Sold $75.3M Average Days On Market 22.55 Enquiries 4,938 Open Home Attendees 2,106 0.6% Vacancy rate Down from 1% in December
Average asking
544 New
on
Email: daniel@tspropertygroup.com.au
Mobile: 0423 647 751
Phone: (07) 4031 3138
Website:
4 Edmonton 6 Monthly Report
Sheridan Street, Cairns North QLD 4870
320
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