Cairns Property View – December 2019

Price trends for property sales remain basically flat to slightly declining for houses, but have wavered for land and units throughout 2019.

The latest trend median prices, for Cairns properties sold in the month of October 2019, came in at $411,000 (houses), $206,000 (units), and $207,000 (vacant land). Twelve month median trend price moments, for the period from October 2018 to October 2019, stood at minus 0.2% for houses and minus 7.1% for units. (Source: HTW Cairns Watch Newsletter).

The general consensus I feel at the moment is that Cairns economy continues to experience tough business conditions, this is somewhat because of slowdown in tourism numbers, soft construction activity, and a plateau in employment growth figures.

I take this opportunity to wish you and your loved ones a safe and joyous Christmas season holidays -I hope you made Santa’s “nice-list”.

I will be working for most of the holiday break so feel free to call me then.
Daniel Sheehan
0409 265 326