Cairns Property View March-April 2018

March-April 2018 Cairns Property View

Is the Cairns property market in the “calm before the storm” phase?

Market research firm and award-winning buyers’ agency Propertyology has found Cairns, as well as five other Queensland locations are among 39 places with the right ingredients for “stellar” returns on property.

The criteria used included median house prices below $400,000, economic diversity, essential infrastructure, lifestyle, increased demand for housing and expected improvement in economic conditions.

Propertyology said  smart investors look beyond high-priced capital city real estate when building a portfolio and based on the total return of capital gains plus rental income, many affordable locations outperformed capital city markets over the long-term.

Folowing up from my February newsletter proclaiming the positive outlook for the Cairns I present the following web link to an article showing many more reasons Cairns is set to shine soon! 41 reasons in fact.

The most recent HTW Valuers report states that although we are expecting the Cairns market to experience greater impetus during 2018, current conditions mean we continue to regard Cairns as maintaining a ‘Steady State’. Median property price trends remain dead flat for houses, but are moving slightly upwards for land and slightly down for units.

Daniel Sheehan
0409 265 326