Cairns Property News - September 2024

Welcome to SPRING - the best season to sell your property!

■ Cairns Market
Residential house values in Cairns have risen 8.5% since last year. There are also less sales in the market now too, 9% less than one year ago. These are EXCELLENT conditions for selling your property now. These figures from CoreLogic's latest Regional Market Update Report

■ This saying is true now, more than ever
Because todays market is so buoyant, Buyers have to be quick to act on a property when it hits the market. "Most dogs take more time to survey, study, scan, evaluate, and research a spot to poop, than todays Buyers take the time to purchasing their family home!".

■ Around the country
Queensland takes the top spot, while markets in NSW and Victoria decline.
QLD has emerged as the leader, overtaking WA from the top spot for the quarter - with Gladstone values rising 9.2% over the three months to July. Other strong performers for the quarter include Townsville (7.8%), along with Busselton (7.2%), Bunbury (6.7%), and Geraldton (6.2%) in Western Australia. These regions also recorded annual growth exceeding 20%.

■ Cairns Council
Cairns ratepayers continue to pay some of the lowest rates and utilities in the state.
Council compared its rates and utilities charges to the 12 local government areas in Queensland with a population of more than 100,000 people, and our nearest neighbours.
Looking at the median valuation residential property in each LGA, Cairns continues to have the lowest annual charge, 5% below Townsville, 12% less than Brisbane and 24% below the Gold Coast.

Helping you with your real estate journey,

DANIEL SHEEHAN - 0409 265 326