Cairns’ property market is now the strongest in Queensland with one expert saying prices are yet to hit their peak. Read what it means for buyers and sellers. Bronwyn Farr and Samantha Healy September 2, 2022 – 6:00AM
The Cairns Post
WHILE the rest of Queensland (except Premiun Coastal locations) will see some downwards price adjustments, Cairns is bucking the downward trend.
It is now the strongest market in Queensland, according to the latest PropTrack data. Values rose 1.6 per cent in August. Karl Latham of Twomey Schriber Property Group said he did not believe the region had reached its peak. “I thought it had in June/July but it has picked up again and everything is moving, from high end to affordable stock,” he said. “There is a huge number of interstate investors in the market, people relocating from down south and the first homebuyer market is also running hot.” Mr Latham said Cairns was slower out of the price growth gates than other regions, but believed there was still room for prices to grow yet.
This Opportunity: Address: Lot 470 “Sugarworld Estate” Edmonton – Cairns – 4869
DUAL OCCUPANCY –
Total of 6 beds, 3 baths and 2 cars
Main: 4 beds, 2 baths and 2 cars
Secondary: 2 beds, 1 bath and 1 car
Land: 608m2. Land Price: $192,750 Registers Feb 23
Dual total Size: 246m2. Build cost: $580,000

Total package Price: $772,750

Rental Estimate: $1005 to $1065 total per week – see letter

To Purchase:
EOI with Initial deposit: $500
On signing Contracts balance deposit on land to be paid
Finance: 30 days
Land Settlement: 14 daysfrom notification of title registration
Build timeframe – 7 months from site works beginning

Very experienced builder with long secure track record.

This property is subject to availability on enquiry.

FOR SALE: $772,750

Kaye Tilley 0418 823 046