Cairns Property View – Aug 2020

RENTALS – According to the latest realestate.com.au data, units at Holloways Beach reported a 10.75 per cent yield in the past 12 months, collecting $310 rent on average. The usual front-runners of rental returns Woree and Manoora, which were among the nation’s best last year, were second and third in Cairns, returning at 9.86 and 9.54 per cent respectively.

SALES – The 12-month figures to June show that house prices rose between 0.4 -1.5 per cent and units showed no real gain or loss.

The Cairns property market continues to function with lower volumes of sales as a result of both buyer and seller hesitation. The number of sales (& the general Cairns economy) have turned around from their April 2020 slump and have begun rising again during May and June 2020.

Supply and demand remain relatively balanced in most property sectors and prices have been generally stable, so Cairns is holding a steady-state market position.

VACANT LAND – sales have gone nuts at the moment due to the introduction of the Governments HomeBuilder grant scheme in June. I still have a few blocks available, check my website…

Daniel Sheehan – selling real estate properly for you.
0409 265 326