Cairns Real Estate Market Month in Review

Herron Todd White provide their monthly analysis of the Cairns' marketplace:

The Cairns market has a number of elements which, while generally moving in sympathy with each other over the longer term, do have their individual cycles and influences.

As a sweeping generalisation, the Northern Beaches area of Cairns performs most strongly when population migration is it its strongest. This area is a favoured location for southern lifestyle migration. For this reason, the Northern Beaches tends to support an older population demographic than the rest of Cairns, particularly ‘Empty Nesters’ as a result this area sees higher property values than the Cairns average. Interestingly the strongest values on the  Northern Beaches are in the outermost suburb of Palm Cove, indicative of the improving amenity appeal of the beaches the further out from the city.

...Interestingly the strongest values on the Northern Beaches are in the outermost suburb of Palm Cove, indicative of the improving amenity appeal of the beaches...

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Near city suburbs of Cairns such as Cairns North, Edge Hill, Whitfield and Freshwater, are typically regarded as ‘lead indicator’ suburbs of Cairns. These suburbs show a higher degree of immunity to downturns in the Cairns market and conversely, perform strongly during times of strong economic growth. Popular mid-market suburbs such as Bayview Heights, Earlville, Mooroobool, Kanimbla, Brinsmead and Redlynch, are a second tier indicator with similar characteristics.

The rapidly expanding southern suburbs of Cairns are more of a locals market and investor territory, made up of typically younger demographic and a higher proportion of young families. Property-wise, these areas tend to be the swing areas of Cairns, with property price cycles more exacerbated than the Cairns average.

View the full National report HERE

Peter Musso licensed real estate agent at Ray White Cairns Beaches selling property in Cairns' beautiful northern beach suburbs including Trinity Beach, Kewarra Beach, Clifton Beach, Palm Cove, Trinity Park, Smithfield, Yorkeys Knob, Holloways Beach, Machans Beach, Caravonica and surrounds.

Cairns Beaches Video Market Update

Short video update on current market activity experienced in Cairns northern beaches.
Presented by Peter Musso - Ray White Cairns Beaches - 0425 713 700
Location: Coral Sands Resort - Trinity Beach QLD 4879

Subtitle: Hi everyone, welcome to my first video update for the year, we've been very busy so I'm happy to be able to report on healthy market activity throughout January and February. Buyer activity remains strong following on from the spike in activity that we saw late in 2011, typical for that time of year but good nonetheless that it has remained.

A change that we have noticed is fewer properties coming onto the market which will help to bridge the gap between supply and demand that we have seen in recent times. The majority of buyer enquiry is circulated around the affordable housing segment, between the $250,000 and $350,000 level, with demand for units slightly less however good for those that are priced to represent clear value within the marketplace and of course auction properties with no advertised price.

As predicted we are continuing to see strengthening rental market conditions with tightening vacancies and increasing rents, something I heard a buyer say last week was "with rents expected to increase further why shouldn't I buy?" This was music to my ears as it is the message that we have been trying to get across to the marketplace for quite a while now. Hopefully we see and continual shift in buyer perception in that direction.

If you would like a quick discussion regarding local market activity feel free to call me directly at any time, have a great day and thank you for watching.

Peter Musso licensed real estate agent at Ray White Cairns Beaches selling property in Cairns' beautiful northern beach suburbs including Trinity Beach, Kewarra Beach, Clifton Beach, Palm Cove, Trinity Park, Smithfield, Yorkeys Knob, Holloways Beach, Machans Beach, Caravonica and surrounds.

Cairns Property Information Seminar

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This Thursday (23rd February) Ray White Cairns Beaches & Ray White Smithfield will be hosting an information seminar for buyers and sellers of local real estate.

The event will feature a number of guest speakers on the current state of the market and discuss the associated opportunities available. Whether considering buying or selling locally it is sure to be an event not to be missed.

Location: Paradise Palms Country Club, Kewarra Beach
Time: 6:30pm Start - 8:30pm Finish
Contact: 07 4057 9111 or sales.cairnsbeaches@raywhite.com *Booking not necessary however recommended

Ray White Smithfield - New Cairns Beaches Agency

An agency-specific item however important news to local buyers and sellers of real estate nonetheless. Ray White Cairns Beaches will soon be opening a new ‘sister’ office at Smithfield, to be named Ray White Smithfield.

Centrally located within Cairns' northern beach suburbs close to the Smithfield Shopping Centre, the office will receive high exposure in a position on the Captain Cook Highway.

Personally I am looking forward to further expanding our reach to buyers within the northern Cairns region and beyond but also providing sellers with a new and central port on the beaches for all real estate needs as a member of the largest real estate network in Australasia.

It is an exciting time of growth for our business and I cannot help getting enthusiastic about it all - feel free to give me a call at any time, even if you might simply appreciate a quick chat regarding local market activity.

Peter

0425 713 700
peter.musso@raywhite.com
www.petermusso.raywhite.com

Peter Musso - Ray White Cairns Beaches - Real estate agent selling property in Trinity Beach, Kewarra Beach, Clifton Beach, Palm Cove, Trinity Park, Smithfield, Yorkeys Knob, Holloways Beach, Machans Beach

WHAT ARE THE CURRENT MARKET CONDITIONS?

On Tuesday 19 April, 2011 commencing at 6:00pm Ray White Cairns Beaches will host another of its highly popular 'Sellers Information Seminars'.

A number of qualified guest speakers including valuers and industry analysts will cover a range of topics and questions from the floor.

The night aims to provide property sellers and buyers alike with the information that they require in order to make informed and educated decisions within the current local marketplace.

If you might be interested in attending please contact myself on 0425 713 700 or peter.musso@raywhite.com.

Peter Musso - Ray White Cairns Beaches - Property agent selling real estate in Trinity Beach, Kewarra Beach, Clifton Beach, Palm Cove, Trinity Park, Smithfield, Yorkeys Knob, Holloways Beach, Machans Beach