CoreLogic RP Data Quarterly Regional Market Report for June 2015 (released September 2015) focuses on some of the larger regions outside of the Australian capitals. Here are the details for Cairns:
Median values across Cairns have risen by 4.7 per cent for houses to $372,345, while units have increased by 3.8 per cent to $226,600 over the year to June 2015.
Sales volumes are at the highest levels they have been since 2008, with current activity up 4.3 per cent from May 2014, and 20.4 per cent above the five year average.
Advertised rents have also risen over the year, up $10/week for both houses and units.
Homes are selling faster than they were 12 months ago, with the average house selling in 79 days, 7 days faster than May 2014, while the average unit is taking 12 less days to sell (90 days).
Data to May 2015, all other statistics based on data to June 2015. ©2015 CoreLogic, Inc. All rights reserved.
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Jason Thomson | Finance Broker and Mortgage Adviser | Smartline Cairns