Cairns Property Market is Absolutely On Fire!

Hey there, it's Jeff Rufino, your local real estate agent. I'm stoked about everything happening in Cairns' South Side!

The property market is absolutely booming. House prices have just gone crazy, cracking the $600,000 mark for the first time ever. That's a massive 23% jump in just a year! Units aren't far behind, with prices nearly hitting $400,000 – a 26% increase.

Over the past three years, Cairns has been a real standout. Property values have soared by an average of 16.7% each year for both houses and units. That's way ahead of the national average and even laps the capital cities' growth. Yep, Cairns is leading the pack!

 

The rental market is a nightmare for tenants. Vacancy rates have been super low for ages, and there's no sign of relief. This means rents are climbing fast, and it's getting harder to find a place to call home.

So, what does this all mean?

Homeowners and investors are sitting pretty. Property values are skyrocketing, and there's a shortage of rentals, which means great returns.

But for buyers and renters, it's a different story. Prices are through the roof, and finding a place to rent is a mission.

The bottom line is, Cairns is a hot property market. If you're thinking about buying, selling, renting, or investing, you need to keep a close eye on what's happening.

I'm passionate about the South Side and would love to help you with all your real estate needs. Give me a call on 0411 530 910.

 

We'll keep you updated on all the latest trends. Stay tuned!