Cairns Property News - March 2022
March 2022 Real Estate News in Cairns
Australia-wide the general property price trend is one of a slowing in value growth, commonly referred to as a softening of real estate prices. However, the national housing market appears to remain reasonably buoyant. Sydney and Melbourne have shown the sharpest slowdowns, conditions are easing less noticeably across the smaller capitals, whilst regional markets have been somewhat insulated to slowing growth conditions.
WAR… what is it good for? Well, the current Russian-Ukraine war could benefit real estate. Investors are piling even more money into property, which has been acting as a substitute for bonds, they are seeking safer assets than stocks. So real estate continues to be the asset of choice to preserve principal and provide appreciation.
With the opening of the International borders seeing overseas visitors starting to arrive again, I’m sure the tourism-based Cairns economy can only get stronger from here on in. Rental vacancy rates have improved, albeit slightly which means a more affordable rents for tenants are again on the way.
My thoughts are with our fellow Queenslanders in the Brisbane area that have suffered through the devastating floods recently, I wish them all a fast-pace recovery.
As always, if you have any questions about Real Estate, feel free to give me a call.
Daniel Sheehan – selling real estate properly for you
0409 265 326
