Cairns Property News - June 2024

The Cairns property market is still very buoyant, there is a strong demand for properties to buy or rent.

■ Cairns City's largest hotel on the market
The Pullman Cairns International hotel is being sold after nine years of ownership. The five-star city centre hotel occupies an 8139sqm site and comprises 324 guest rooms, 11 conference and meeting rooms, a lobby bar, a day spa and gymnasium facilities, and basement parking for 184 cars. It last sold for $75.08 million in 2015. Read more.

■ Cairns Council's top priority is still Water Security
Council has reaffirmed that the Cairns Water Security – Stage 1 project remains its number one advocacy priority and that additional funding commitments will be sought from the State and Federal Governments. The $472 million project is critical to the city’s future and will avoid a potential drinking water shortage by 2026.

■ Cairns cyclone-trashed house hits market
A Cairns home still bearing the scars of post-Cyclone Jasper flooding has hit the property market, complete with waterlogged kitchen, mud-stained walls and abandoned furniture. Are you up for a serious renovation? Read more.

■ Around the country
Struggling retirees and families are turning to ‘instant’ homes to get around the national construction crisis, as latest building approvals drop to 25 per cent below the 10-year average. 100 granny flats a week... Read more.

Helping you with your real estate journey
Daniel Sheehan - 0409 265 326