Woree Property Report - January 2025

WOREE 6 Monthly Property Report: July - December 2024

Brought to you by Giles Lort-Phillips 0438 572 936

WOREE 6 Monthly Property Snapshot: July - December 2024

69

Properties sold

27

Houses

Highest Sale

Lowest Sale

$2.262m

$100k

38

Unit

1

Land

3

Flats

MARKET TRENDS: HOUSES

$537,000

19

Median sales value

Median sale days on market

12.4%

12.9 years

12 month change

Average length of ownership

72.3%

$495pw

5 year change

Median asking rent

SALES ACTIVITY - HOUSES

At the beginning of 2024, expectations were high that the market would remain robust, and those predictions proved accurate. The performance was largely driven by a shortage of available stock, combined with strong interest from southern buyers seeking to relocate or invest in Cairns.

The market shows no signs of slowing down, with sub$700,000 properties expected to continue performing well as long as southern investor activity remains strong.

If 2025 is the year of a real estate move for you, or if you are interested to see where the value of your property sits, please get in touch.

Giles Lort-Phillips 0438 572 936 | giles@tspropertygroup.com.au

MARKET TRENDS: UNITS

$262,000

21

Median sales value

Median sale days on market

18.7%

10.5 years

12 month change

Average length of ownership

92.7%

$392.50pw

5 year change

Median asking rent

SALES ACTIVITY - UNITS

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: giles@tspropertygroup.com.au Mobile: 0438 572 936 Phone: (07) 4031 3138 Website: www.tspropertygroup.com.au

Data taken from CoreLogic and other sources we assume to be reliable as at 15/01/2025. 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