Cairns

The Smartline Report – October Edition

The month in review: Cairns

By Herron Todd White
October 2015

The Cairns market typically performs according to location rather than price point. Overall we judge Cairns to be a rising market, though this is an overall assessment and masks some divergence between suburbs and sectors. At the stronger end of the scale are houses on the northern beaches, dress circle suburbs such as Edge Hill and Whitfield and possibly the general Redlynch area. Our analysis of recent matched sales suggests that houses on the northern beaches have shown price increases averaging around 6.6% per annum over the past three years.

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Typical houses in the $350,000 to $450,000 price range on the northern beaches are modern, low set, 4-bedroom, 2-bathroom dwellings built within the past ten years with rendered masonry walls, colorbond roof, patio, two car built-in garage, modern kitchen with laminate bench tops, split system airconditioning and located on a 600 square metre allotment.

In the units sector, modern apartments in the city and near city suburbs have been the strongest performers. However even though unit prices in these areas have increased over the past three to four years, many units have yet to regain their 2009 market peak price.

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www.smartline.com.au

Please note that information in this publication is subject to change without notice. Smartline assumes no responsibility for any errors, omissions or mistakes in this document. © Smartline Home Loans P/L 1999 – 2015. Australian Credit Licence Number 385325

 

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