May 12, 2022
Real Estate Agents are in the top 3 least trusted professions in Australia! So, in the cutthroat world of real estate, how do you find a trustworthy real estate agent? How do you separate the rare, genuine agent from the ones that would step on their own mother to get a sale? As trust is […]
September 7, 2021
181-183 Kamerunga Rd. developer, Fineline Construction has lodged a revised development application with Cairns Regional Council to build 14 townhouses there. It’s hoped a new two-storey, medium-density unit block proposed for Freshwater will help ease a critical Cairns housing stock shortage. Two of the region’s biggest property sales of the year have been snapped up almost $30m […]
January 6, 2021
1. Here’s hoping this year will be less dramatic than 2020, the property market did surge markedly in the last quarter of the year, surely this is a good sign of things to come from now on. 2. According to CoreLogic data Australian home values finished the year 3.0% higher with regional housing values rising […]
December 5, 2020
Property news for Cairns real estate market Dec 2020 1. The recent HTW Valuer’s report indicates Cairns house prices are now moving upwards, the median trend price has increased by approx. 4.8% from Feb 2020 (pre-Covid19). The latest monthly data released by CoreLogic showed prices grew in every capital city rising by 0.8 per cent nationally. 2. Cairns is also […]
November 2, 2020
Property news for Cairns real estate market Nov 2020 1. The positive news (perhaps) recent media reports the Reserve Bank indicates recession is over, saying its “best guess” is Australia’s economy will grow in the September quarter, ending the recession. 2. Low interest rates, upward pressure on rents due to record low vacancy rates and a host […]
October 16, 2020
Property news for Cairns real estate market. The Cairns property market has held it’s ground over the past few months according to the latest REIQ report. With median house prices up slightly from the same period last year. Sales volumes are down 53% from the previous quarter causing strong buyer demand. The lack of tourists […]
August 16, 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 […]
July 16, 2020
Happy New Financial Year. The QLD Government recently announced new cash grants for first home owners, small businesses, seniors needing household repairs and a $100 million program to build social housing around the state. So, the first home owners grant is extended for newly-built homes. In addition to the existing $15,000 grant, there is now a […]
May 16, 2020
While Australia (and the rest of the world for that matter) continues to shake off the financial, health and social effects that the covid-19 pandemic has bestowed upon us, I have found the property market has not been as hard hit as I’d imagined. I have had one contract fall over because the Banks refused […]
March 16, 2020
Let’s start briefly with the “elephant in the room”.. worldwide, COVID-19 (coronavirus) has infected more than 80,000 people – mostly in China – and killed more than 2800. It is sweeping through Europe, with Italy the epicentre of the outbreak. France is also bracing for an influx of new cases. Just today, an elderly man […]
February 16, 2020
A recent National Valuers report indicates the Cairns economy is marginally improving as current business conditions remain tough. A slowdown in tourism, soft construction activity and a flattening employment growth are all contributing. Similarly the Cairns property market has continues to plod along with its fundamental state remaining unchanged. Mission Beach – the recent settlements […]
January 16, 2020
I hope you enjoyed your holidays and that 2020 works out very well for all of us. Remember to stay off your devices whilst driving as the Queensland Government has announced from February 1, the penalties for illegally using a mobile phone while driving are increasing from a $400 fine and 3 demerit points to a […]
December 16, 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 […]
October 16, 2019
The Cairns property market is still holding steady. It has had it’s share of ups and downs over the past couple of years, due in large part to the patchy local economy and a recovering tourism sector. The market standout continues to be the region’s rental sector, with vacancy rates sitting at 2.3 per cent. […]
September 16, 2019
Overall, there are early signs that the housing market has stabilised however, this evidence is much more prevalent in capital cities than regional markets. Some of the property markets that have recorded significantly value falls over recent years have actually recorded value increases over the past three months. Most of these are located in Qld: […]
