Herron Todd White Cairns provide their analysis of current property market conditions in the company's national 'Month in Review' publication. Minimal change in general market conditions observed however positive outlook for rentals reaffirmed.
 |
| Click to Enlarge |
THE Cairns residential property market remains steadfastly at the bottom of the property market cycle, and while there is light at the end of the tunnel, we are not expecting big things to happen in the market during 2012.
Conditions in the local economy are slowing getting better, but it is taking a long time for these to filter into improvements in consumer confidence which is needed to resurrect the local property market. The building industry also remains at a low ebb, with a dearth of new housing construction projects inside Cairns, particularly of units.
However one comfort factor is that vacancy rates for rental property have tightened further over the past twelve months. according to our Herron Todd White rent roll survey, vacancy rates for houses have come down from a trend level of 4.% in December 2010 to 2.2% in December 2011, while those for units have come down from 4.8% to 4.1% over the same period. In addition the December quarter saw average rents show an increase, rising by about $7 per week compared to September.
 |
| Click to Enlarge |
Tight rental market conditions, rising rents and affordable property prices will provide the pre-conditions for the market to enter modest recovery mode during the next twelve months.
View the national report in full
here
Peter Musso - Ray White Cairns Beaches - Licensed real estate agent selling property in Trinity Beach, Kewarra Beach, Clifton Beach, Palm Cove, Trinity Park, Smithfield, Yorkeys Knob, Holloways Beach, Machans Beach.
Nice blog you have shared. I get to know so much of useful information about property market. If anybody is interested to buy a flat check Sekhar developers builders review.
ReplyDeleteHey Nice Blog!!! Thank you for sharing information. Wonderful blog & good post.Its really helpful for me, waiting for a more new post. Keep Blogging!
ReplyDeleteBuying Plots in Gorakhpur
Bsest Residential plots for sale in Gorakhpur
Low Price Plots in Gorakhpur
I really Appricate the blog content it really very useful for everyone.
ReplyDeleteAustin Realtor
Wondeful blog you have shared. We get to know so much of useful informtion about property market. If any body is interested to buy a flat call us at 8588-856-956 or
ReplyDeletevisit Stellaronenoida.in.
This comment has been removed by the author.
ReplyDeleteAs tradies, we all struggle with the same problems, finding good work, finding reliable people we can trust, and maintaining good business year-round. Here is a very good platform for people who are in trade business: https://www.tradeassociates.com.au
ReplyDeleteIf your looking for an opportunity to invest in real estate sectors Islamabad model town is the mega project with luxurious neighboring societies.
ReplyDeleteGranny Flat Builder Gold Coast - KiaDom Homes is a Gold Coast based granny flat builder specializing in architecturally designed granny flats and second dwellings.They can help you design a home to suit almost any home site.
ReplyDeleteThanks man your blog is very amazing and helpful. Property marketing is one of the business which is spreading really fast like the rudn enclave payment plan which is also a property marketing web.rudn enclave payment plan
ReplyDeleteExplore a wide range of properties in Cairns Beaches. Buy, lease, or sell with confidence through Obrien Real Estate. Contact us today
ReplyDeleteReal Estate in Cairns
ReplyDeleteWhen it comes to property marketing, having a strategic approach is key to standing out in today's competitive real estate landscape. Whether you're dealing with residential or commercial properties, effective marketing can significantly impact your success in attracting the right buyers or renters. Digital platforms, especially social media and listing websites, provide excellent exposure, but personalized strategies like virtual tours, high-quality photography, and targeted advertising make a huge difference. Additionally, understanding local market trends and demographics can help tailor your campaigns to reach potential clients effectively.