Cairns Property View October

October 2017 Cairns Property View

On the property front, Cairns remains in a ‘steady state’ and its rental market conditions remain very tight.

The most recent HTW Valuers statistics reveal that Cairns median property prices are currently going nowhere for houses, but have varied slightly upwards for land and slightly down for units. Even though individual property price movements can be mixed, the general view across the market is that prices are static.

The latest Cairns median prices, for the month of August 2017, came in at $413,000 for a house, $210,000 for a unit, and $211,000 for a block of land. Regulatory measures designed to dampen property markets nation-wide, targeted largely at investors, have certainly done their job in Cairns, and removed all price growth from the market.

Daniel Sheehan
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